TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to announce that it has now formally entered into the previously announced petroleum services agreement (the “PSA”) with Badr Petroleum Company (“BPCO”) to commence development operations at the unconventional Abu Roash “F” reservoir  in the Badr Oil Field (“BED-1”), a 107 km² (26,000 acres) concession located in the Western Desert of Egypt.

The official PSA signing took place at the Egyptian General Petroleum Corporation (“EGPC”) offices in Cairo, Egypt, between Eng. Ibrahim Massoud, Chairman of BPCO, and Abby Badwi, Executive Chairman of TAG Oil, and present for the signing was Eng. Mohamed Baydoon, Vice President Production of EGPC.

Abdel Fattah (“Abby”) Badwi, Executive Chairman of TAG Oil said, “With the recently announced upsized C$22 million underwritten public offering and current working capital, the Company is well positioned to initiate development operations at the BED-1 Field and execute a significant capital program starting this year and continuing into 2023 to unlock the potential of this significant oil resource.”

Further details of the project are included in a presentation available on the Company’s website.

About TAG Oil Ltd.

TAG Oil is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa.

For more infomation, visit TAG Oil’s website: http://www.tagoil.com/

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its financial results for the interim period ending June 30, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending June 30, 2022 are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/).

Highlights over the period include that the Company had C$13.1 million (March 31, 2022: C$13.3 million) in cash and cash equivalents and C$15.4 million (March 31, 2022: C$15.4 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region. 

TAG Oil is continuing to make significant progress on a few key strategic opportunities in Egypt, as previously announced. TAG Oil expects to have an update on the status of one or more of these transactions in due course. 

About TAG Oil Ltd.

TAG Oil is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa.

For more infomation, visit TAG Oil’s website: http://www.tagoil.com/

 TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its financial results for the fiscal year ending March 31, 2022. A copy of TAG Oil’s financial statements and management discussion and analysis for its most recently completed financial year are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/).

Highlights over the period include that the Company had C$13.3 million (December 31, 2021: C$14.1 million) in cash and cash equivalents and C$15.4 million (December 31, 2021: C$15.8 million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.

As previously announced, the Company is continuing to make significant progress on a few key strategic opportunities in Egypt. TAG Oil expects to have an update on the status of one or more of these transactions by the end of calendar Q3.

About TAG Oil Ltd.

TAG Oil is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa.

For more infomation, visit TAG Oil’s website: http://www.tagoil.com/

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its third quarter results for the interim period ending December 31, 2021. A copy of TAG Oil’s financial statements and management discussion and analysis for its most recently completed interim period are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/).

Highlights over the period include that the Company had C$14.1 million (September 30, 2021: C$15.2 million) in cash and cash equivalents and C$15.8 million (September 30, 2021: C$15.6 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders.

TAG Oil is continuing to pursue several acquisition projects in Egypt and explore other strategic opportunities in the Middle East and North Africa. Further information on these efforts will be provided by the Company in due course.

About TAG Oil Ltd.

TAG Oil is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa.

For more infomation, visit TAG Oil’s website: http://www.tagoil.com/

TAG Oil Ltd. (“TAG Oil” or the “Company”, TSXV: TAO and OTCQX: TAOIF) is pleased to report the filing of its second quarter results for the interim period ending September 30, 2021. A copy of TAG Oil’s financial statements and management discussion and analysis for its most recently completed interim period are available on SEDAR (www.sedar.com) and on the Company’s website (https://tagoil.com/investors/financial-reports/). 

Highlights over the period include that the Company had C$15.2 million (June 30, 2021: C$15.6 million) in cash and cash equivalents and C$15.6 million (June 30, 2021: C$16.3 million) in working capital. The Company has no debt and continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders. 

TAG Oil is continuing to pursue several acquisition projects in Egypt and explore other strategic opportunities in the Middle East and North Africa. Further information on these efforts will be provided by the Company in due course. 

The Company also reports that its upcoming annual general meeting of its shareholders (the “Meeting”) will be virtually held on December 2, 2021, at 10:00 a.m. (PST). For further information on the Meeting, a copy of the Meeting materials are available on SEDAR (www.sedar.com) and on TAG Oil’s website (https://tagoil.com/investors/financial-reports/). 

About TAG Oil Ltd. 

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa. 

See the full press release here.

See more on TAG Oil here.