Aug 15 (Reuters) - Tag Oil Ltd TAO.TO :
* Tag Oil reports q1 2017 results and updates recent activities
* Revenue from oil and gas sales increased by 16% for quarter ended june 30, 2016 to $5.8 million from $5.0 million for quarter ended march 31, 2016
* Average net daily production decreased by 2% for quarter ended june 30, 2016 to 1,222 boe/d (76% oil) from 1,251 boe/d Source text for Eikon: ID:nCNWJ49j0a Further company coverage: TAO.TO