Oct 18 (Reuters) - TAG Oil Ltd TAO.TO :
* TAG OIL LTD - ISSUES STATEMENT IN RESPONSE TO MARKET REPORTS THAT HAVE COME TO ITS ATTENTION
* TAG OIL LTD - CO REGULARLY EVALUATES POTENTIAL STRATEGIC OPPORTUNITIES TO CREATE VALUE FOR ITS SHAREHOLDERS
* TAG OIL LTD - CO DOES NOT PUBLICLY COMMENT ON POTENTIAL TRANSACTIONS UNLESS AND UNTIL A BINDING LEGAL AGREEMENT HAS BEEN SIGNED