Tag Oil, Tamarind extend closing date on NZ assets sale

Tag Oil has agreed with Tamarind Resources to extend the closing date of the deal by which it would sell substantially all of its New Zealand assets and operations.

Tag Oil Ltd., Vancouver, BC, has agreed with Tamarind Resources Pte. Ltd., Kuala Lumpur, to extend the closing date of the deal by which it would sell substantially all of its New Zealand assets and operations (OGJ Online, Nov. 7, 2018).

All necessary approvals, including final approval from New Zealand Petroleum and Minerals, have been granted (OGJ Online, Aug. 1, 2019).

In a press statement, the company said it is working on “final items” to close the transaction “within a timely manner.”

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