TAG Oil Extends the Evaluation Period for BED-1 and Provides Corporate Update
TAG Oil Ltd. (TSXV: TAO, OTCQB: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that it has reached an agreement with Badr Petroleum Company, holders of the BED-1 concession, to extend the evaluation period under the petroleum services agreement for three (3) years up to October 13, 2028. During the extension period, the Company commits to drill two (2) additional wells at BED-1 and subject to drilling results, TAG Oil may elect to proceed with full-scale commercial development of the Abu Roash “F” reservoir. The Company also announces that it has entered into amendments