Oil and Gas Exploration Development Company, Oil Investment Opportunity, Natural Gas and Oil Exploration










TAG Oil Ltd.
1050 Burrard Street
Suite 1407
Vancouver, B.C.
Canada V6Z 2S3

TECHNICAL HEADQUARTERS
4 Chamberlain Road
Karori
Wellington
New Zealand




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TAG OIL SHARE STRUCTURE SUMMARY (Dec 14/07)

TAG Oil Shares Outstanding: 91,631,081

Fully Diluted: 92,791,081

Outstanding Director/Management Options
TAG Oil Stock Options Expiry Date Exercise Price
400,000 1-Jan-10 US $ 0.65
75,000 10-May-10 US $ 0.65
150,000 22-Nov-10 CDN$ 1.30
325,000 2-Aug-11 CDN$ 0.70
60,000 22-Nov-11 CDN$ 0.52
150,000 1-Feb-12 CDN$ 0.57
Total Options 1,160,000









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