04:10 PM EST - TAG Oil Ltd. : a small Canadian oil and gas production and exploration company, is looking at alternatives for its New Zealand oil and gas operations. The core holding is its 30.5% owned Cheal oil operations, which is producing about 850 barrels per day and predicted to rise to between 1200 and 1500 barrels per day by next year. Possible avenues include the divestiture of part or all of its New Zealand properties, a merger, or joint venture.
shares V.TAO are trading up 1 cent at $0.19.
