Oct 14 (Reuters) - TAG Oil Ltd TAO.TO :
* Reports a reduction in forward guidance and reduced capital spending
* Says reducing its 2016 average production guidance down from 1,900 boe/d to
1,400 boe/d
* Says expects to exit its fiscal 2016 year-end at approximately 1,400 boe/d
* Reducing its 2016 forecast capital expenditures down from $23 million to
approximately $13 million with $6 million already spent
* Says expects to end fiscal 2016 with at least $15 million in cash
* Says full year 2016 operating cash flow is expected to be approximately $13
million
* Says workover program commenced on July 17, 2015 to return the cheal-a1 rod
pump well to production
* Says a12 well is expected back online within the next 10 days and is forecast
to resume producing 70 boe/d
* Source text for Eikon ID:nPn5VjfVR
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