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TAG Oil Reports Fiscal Q1 2024 Results

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to report the filing of its financial results for the interim period ending March 31, 2024. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending March 31, 2024, are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website (http://www.tagoil.com/). Highlights over the period include that the Company had C$12.7 million (December 31, 2023: C$16.4 million) in cash and cash equivalents and C$9.4 million (December 31, 2023: C$12.2 million) in working capital and has no debt.

TAG Oil Announces Operation to Commence Long Term Production at BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce that the initial flow-back operation at the BED4-T100 (“T100”) horizontal well has been completed. The workover rig has been mobilized to the T100 well location to swap the 4 ½” frac tubing with 3 ½” production tubing, install a jet pump for artificial lift, and immediately put the well on long term production. The Company anticipates announcing a 10-day initial production average in the second half of June, which will indicate actual productivity potential for the T100 well. Mr. Toby Pierce,

TAG Oil Announces Successful Production Test Results from BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce initial production test results on its BED4-T100 (“T100”) horizontal well, which tested at 800 barrels of oil per day (“BOPD”). The T100 well has demonstrated encouraging results following a multi-stage hydraulic fracture stimulation targeting the Abu-Roash “F” (“ARF”) tight carbonate reservoir in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. During the clean-up phase post-stimulation, the T100 well flowed at rates exceeding 1,000 barrels of fluid per day. By the conclusion of the production test, the water-cut had

TAG Oil Reports Results for Financial Year End

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to report the filing of its financial results for the fiscal year ending December 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 (http://www.tagoil.com/).  Highlights over the period include that the Company had C$16.4 million (March 31, 2023: C$19.5 million) in cash and cash equivalents and C$12.2 million (March 31, 2023: C$21.6 million) in working capital and has

TAG Oil Commences Flow Back of BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce that it has successfully pumped all twelve planned stages of its multistage hydraulic frac on its BED4-T100 (“T100”) well location. Stages one through three, which are located across the heavily fractured and more permeable section of the well, received a concentrated acid stimulation while stages four through twelve were mechanically fracture stimulated with proppant. At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped across the 308-metre lateral section.

TAG Oil to Commence Hydraulic Fracture Stimulation of BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that completion and multistage hydraulic fracture equipment, personnel, camp and natural frac sand have been mobilized to the BED4-T100 (“T100”) well location. Additionally, static reservoir pressure and temperature measurements were performed to optimize the simulation model and completion design of the T100 well. Large-scale completion equipment for the region with frac head, sand conveyor and connecting lines to treatment fluid are rigged up on the T100 location. Plans to start the fracture treatment is on schedule for approximately April 15, with treatment duration

TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field (“BED-1”) with the successful completion of the drilling phase for the BED4-T100 (“T100”) horizontal well in the Abu Roash “F” limestone formation (“ARF”). The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability. During drilling operations, there have been clear signs of free oil flowing into the wellbore and to surface, accompanied by consistently elevated gas readings across the ARF formation. The high pressure

TAG Oil Provides Update on BED4-T100 Well

TAG Oil Ltd. (TSXV: TAO and 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. Following the Company’s last update on January 3, 2024, the Company has since completed re-drilling from the intermediate cased section of the T100 well in BED-1, landing the casing liner in the Abu Roash “F” (“ARF”) carbonate reservoir zone, and reaching a measured depth of 3,238 meters in the ARF. TAG Oil has now commenced drilling the T100 horizontal

TAG Oil Provides Update on BED4-T100 Well

TAG Oil Ltd. (TSXV: TAO and 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. As reported in the November 15 update, drilling continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the Abu-Roash “F” (“ARF”) at  hole angle of 90 degrees. However, geo-mechanical hole stability concerns in the upper section of the hole in the Abu-Roash “E” (“ARE”), an over-pressured formation with layered carbonate