03:36 PM EST - TAG Oil Ltd. : reported the Company has filed its March 31, 2012 consolidated, audited financial statements, management discussion and analysis and annual information form with the Canadian Securities Administrators for the Company's 2012 fiscal year-end. Highlights: Proved and probable reserves increased to 6.624 million boe compared to 1.68 million boe at March 31, 2011 (82% oil and 18% gas); Production revenue increased to $43 million, up from $13 million for FY 2011; Net income of $18.92 million was recorded before deducting non-cash stock-based compensation expenses, compared to $1.29 million for FY 2011. TAG Oil Ltd.
shares T.TAO are trading down $0.66 at $8.03.
