VANCOUVER, BC, Nov. 29, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to report the filing of its financial results for the interim period ending September 30, 2023. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending September 30, 2023 are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website at www.tagoil.com.  

Highlights over the period include that the Company had C$23.0 million (June 30, 2023: C$15.5 million) in cash and cash equivalents and C$24.7 … Continue Reading

VANCOUVER, BC, Nov. 15, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) would like to provide the following update on drilling progress of the BED4-T100 (“T100“) horizontal well in the Badr Oil Field (“BED-1“) in the Western Desert of Egypt.

The horizontal build section of the T100 well and approximately 300 meters into the planned 1,000-meter lateral section in the Abu Roash “F” (“ARF“) target reservoir encountered very good oil shows with high hydrocarbon gas readings and good indications of primary porosity. Initial drilling of the ARF unconventional, carbonate formation performed … Continue Reading

VANCOUVER, BC, Sept. 27, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce that it has commenced drilling the horizontal portion of the BED4-T100 (“T100”) well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 meters.  The Company recently performed open-hole logging, formation imaging, and pressure measurement, followed by cement plug-back of the lower vertical pilot hole. TAG Oil immediately proceeded into whip-stock drilling of build and lateral horizontal sections in the … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Sept. 22, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce that following the closing of its previously announced bought-deal public offering (the “Offering“), the further partial exercise of the over-allotment option to purchase an additional 886,000 common shares of the Company (the “Common Shares“) at a price of $0.58 per Common Share has been completed for additional gross proceeds to the Company of $513,880. After giving effect to the partial exercise of the over-allotment option, a … Continue Reading

VANCOUVER, BC, Aug. 29, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to report the filing of its financial results for the interim period ending June 30, 2023. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending June 30, 2023 are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website.

Highlights over the period include that the Company had C$15.5 million (March 31, 2023: C$19.5 million) in cash and cash equivalents and C$17.9 million (… Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Aug. 24, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce the closing of its bought-deal public offering of 20,240,542 common shares of the Company (the “Common Shares“) at a price of $0.58 per Common Share for aggregate gross proceeds to the Company of approximately $11,739,514, including the partial exercise of the over-allotment option (the “Offering“). The Offering was completed pursuant to an underwriting agreement dated effective July 31, 2023, entered into among the Company and a syndicate … Continue Reading

/NOT FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Aug. 22, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce that the first horizontal well, BED4-T100 (“T100”) in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt, has commenced drilling and is currently through a depth of 600 meters. The well will target oil in the Abu-Roash “F” (“ARF”) unconventional tight, carbonate reservoir at projected depth total vertical depth of 3,300 meters. The decision to spud the T100 well is the result of careful … Continue Reading

VANCOUVER, BC, July 31, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to report the filing of its financial results for the fiscal year ending March 31, 2023. A copy of TAG Oil’s financial statements, management discussion and analysis, and annual information form for its most recently completed financial year are available on SEDAR (www.sedarplus.ca) and on the Company’s website.

Highlights over the period include that the Company had C$19.5 million (March 31, 2022: C$13.3 million) in cash and cash … Continue Reading

VANCOUVER, BC, June 29, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce that its senior executive team will be hosting a live conference call on Thursday, July 6, 2023 at 7:00 AM PST / 10:00 AM EST for investors to discuss TAG Oil’s updated corporate presentation. A copy of the corporate presentation can be viewed at the Company’s website by accessing the following link.

Interested parties will be able to access the conference call via live teleconference in listen-only mode by dialing:

Securing Drilling Rig for BED-1 Field

VANCOUVER, BC, June 19, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to provide the following operations update at the BED-1 Field in the Western Desert, Egypt:

Since initial flowback of the BED 1-7 well on April 23, 2023, the well started by unloading to surface completion fluid from the fracture stimulation and formation oil under natural flow; the Company temporarily shut-in the well to install production tubing and down-hole Electric Submersible Pump (“ESP”). The BED 1-7 well … Continue Reading

VANCOUVER, BC, May 30, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce the formal appointment of two new highly experienced VPs with strong operational backgrounds and the promotion of the Company’s accomplished country manager, which will enhance TAG Oil’s management team in Egypt and the broader MENA region.

Mr. Gamal Rezk has been promoted to VP & General Manager of TAG Petroleum Egypt Ltd. (“TPEL“), along with the appointment of Mr. Samir Abady who joins as VP & Operations Manager and Mr. Kevin Baxter as VP … Continue Reading

VANCOUVER, BC, May 9, 2023 /CNW/ – TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“TAG Oil” or the “Company“) is pleased to announce the successful re-entry of the vertical well, BED 1-7, at the Badr Oil Field (“BED-1”) in the Western Desert, Egypt. The Company perforated the Abu Roash “F” formation (“ARF Formation”) and conducted a Diagnostic Fracture Injectivity Test (DFIT). The reservoir was further fracture stimulated with a large 110 tons sand treatment and pump schedule with positive response confirming reservoir models and projected performance.

On flowback, the well unloaded to surface under natural flow … Continue Reading