Oct 31 (Reuters) - Tag Oil Ltd TAO.TO :
* Tag Oil announces definitive agreement to acquire assets located in Australia's Surat Basin
* Tag will acquire a 100% right, title and interest in PL17 and all related assets for consideration of AUD$2,500,000,
* PL 17 covers 104 km (25,700 acres) in Surat Basin, which is one of Australia's oldest producing basins Source text for Eikon: ID:nPnc82Zz4a Further company coverage: TAO.TO