April 19, 2018 / 1:10 PM / a month ago

BRIEF-Tag Oil Secures Revolving Credit Facility To Pursue Low-Risk, High Netback Production Opportunities

April 19 (Reuters) - TAG Oil Ltd:

* TAG OIL SECURES REVOLVING CREDIT FACILITY TO PURSUE LOW-RISK, HIGH NETBACK PRODUCTION OPPORTUNITIES

* TAG OIL LTD - SECURED REVOLVING CREDIT FACILITY OF UP TO US$10 MILLION

* TAG OIL LTD - REVOLVING CREDIT FACILITY HAS BEEN PUT INTO PLACE FOR AN INITIAL PERIOD OF 12 MONTHS

* TAG OIL LTD - FACILITY CAN BE DRAWN BY TAG OIL UPON REQUEST, WITH BALANCES CHARGED AT AN INTEREST RATE OF LIBOR + 3.0% PER ANNUM Source text for Eikon: Further company coverage:

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