Nov 6 (Reuters) - TAG Oil Ltd TAO.TO :
* TAG ANNOUNCES SALE OF NEW ZEALAND ASSETS AND OPERATIONS
* TAG OIL LTD - CASH PAYMENT TO TAG OF US$30 MILLION AT CLOSING
* TAG OIL LTD - TRANSACTION WILL BE FUNDED FROM TAMARIND'S AVAILABLE FINANCIAL RESOURCES
* TAG OIL LTD - TAG TO RECEIVE A 2.5% GROSS OVERRIDING ROYALTY ON FUTURE PRODUCTION FROM ALL NZ ASSETS
* TAG OIL - CO, CERTAIN OF ITS NEW ZEALAND UNITS ENTERED INTO SHARE & ASSET PURCHASE AGREEMENT WITH TAMARIND RESOURCES AND CERTAIN OF ITS UNITS
* TAG OIL LTD - TRANSACTION IS FOR SALE OF SUBSTANTIALLY ALL OF TAG'S TARANAKI BASIN ASSETS AND OPERATIONS IN NEW ZEALAND