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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 20-F Amendement 1





 ̈     REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934



OR



xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended March 31, 2003 (with other information to September 24, 2003 except where noted)



OR



 ̈     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from _______________ to _______________





Commission file number 0-22500

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TAG OIL LTD

(Exact name of Registrant specified in its charter)



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TAG OIL LTD

(Translation of Registrant's name into English)



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YUKON TERRITORY, CANADA

(Jurisdiction of incorporation or organization)



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|Suite 400, 534 - 17th Ave. S.W., Calgary, A.B., Canada |  | T2S 0B1   
|------------------------------------------------------ |  | ----------
|(Address of principal executive offices)               |  | (Zip Code)



COMMON SHARES WITHOUT PAR VALUE

(Title of Class)

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Securities registered or to be registered pursuant to Section 12(b) of the Act.



|Title of Each Class | Name of each exchange on which registered
|------------------- | -----------------------------------------
|None                | Not applicable                           



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Securities registered or to be registered pursuant to Section 12(g) of the Act



Common Shares without Par Value

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.      None



Number of outstanding shares of TAG Oil's only class of capital stock as on March 31, 2003.

6,278,061 Common Shares Without Par Value (7,678,061 outstanding at September 24, 2003)



Indicate by check mark whether Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

NOT APPLICABLE



Indicate by check mark which financial statement item Registrant has elected to follow:

Item 17     x     Item 18 ̈



(End of Cover Page)

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The Company's Form 20-F filed as an annual report pursuant to Section 13 or 15(d) of the securities exchange act of 1934 for the fiscal period ended March 31, 2003 and filed with the Securities and Exchange Commission on September 30, 2003, has been amended to include Certification Pursuant to 18 U.S.C.ss1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. The section 906 Certification can be found as Exhibit 99 of the amended Form 20-F.



(End of Inside Cover Page)

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ITEM 19.   EXHIBITS

The following Exhibits are incorporated by reference:

|Exhibit Reference | Exhibit Description                                                                                           
|----------------- | --------------------------------------------------------------------------------------------------------------
|                  |                                                                                                               
|1                 | Articles of Association and Bylaws(1)                                                                         
|                  |                                                                                                               
|4.1               | Subscription Agreement with Alex Guidi for 2,500,000 units dated June 5, 2001(2)                              
|                  |                                                                                                               
|4.2               | Subscription Agreement with Hampton Financial Partners Inc. for 400,000 units dated August 21, 2002 (3)       
|                  |                                                                                                               
|4.3               | Executive Contract with Alan Hart dated July 19, 2002 (3)                                                     
|                  |                                                                                                               
|4.4               | Investor Relations Service Agreement with 573634 B.C. Ltd. DBA Republic Communications dated July 15, 2002 (3)
|                  |                                                                                                               
|4.5               | Change of Permit Terms for PEP 38256 (3)                                                                      
|                  |                                                                                                               
|4.6               | Consulting, Incentive Shares and Non-Competition Agreement (4)                                                
|                  |                                                                                                               
|4.7               | Form of Stock Option Agreement for Canadian Consultants (5)                                                   
|                  |                                                                                                               
|4.8               | Form of Stock Option Agreement for US Consultants (6)                                                         
|                  |                                                                                                               
|4.9               | Form of Stock Option Agreement for all vesting options to named directors (6)                                 
|                  |                                                                                                               
|4.10              | Form of Farm-in Agreement for PEP 38741                                                                       
|                  |                                                                                                               
|4.11              | Deed of Variance of Farm-in Agreement for PEP 38741                                                           
|                  |                                                                                                               
|4.12              | Form of Sale Agreement for PEP 38480                                                                          
|                  |                                                                                                               
|4.13              | Form of farm-out agreement for PEP 38723                                                                      
|                  |                                                                                                               
|8.0               | List of Wholly-Owned Subsidiaries of Durum Cons. Energy Corp.                                                 
|                  |                                                                                                               
|99.1              | Section 906 Certification                                                                                     
|                  |                                                                                                               
|                  |                                                                                                               
|                  |                                                                                                               

(1)       Herein incorporated references previously filed with our Form 20-F dated March 31, 2000 filed September 29, 2000.

(2)       Herein incorporated references previously filed with our Form 20-F dated March 31, 2001 filed September 26, 2001

(3)       Herein incorporated references previously filed with our Form 20-F dated March 31, 2002 filed September 27, 2002.

(4)       Herein incorporated references previously filed with our Form 6-k filed on May 7, 2003.

(5)       Herein incorporated references previously filed with our Form 6-k filed on March 14, 2003.

(6)       Herein incorporated references previously filed with our Form 6-k on June 11, 2003.



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The Registrant certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.





|Date: October 9, 2003 | By:    | "Drew Cadenhead"
|--------------------- | ------ | ----------------
|                      |        |                 
|                      |        |                 
|                      | Name:  | Drew Cadenhead  
|                      | Title: | President & CEO 



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