History

2024-2026: Operational Progress and Strategic Advancement

• Re-entered BED 1-7 vertical well to appraise the Abu Roash “F” (ARF) reservoir. Tested 140 bbl/d
• Completed drilling and multi-stage fracture stimulation of the horizontal BED4-T100 well in the Badr Oil Field, achieving initial production of ~400 bbl/d
•  Cumulative production from both wells to date in the ARF reservoir is 67,000 barrels.
• Awarded the large Southeast Ras Quattara (SERQ) concession
• Completed $11.5 million equity financing to strengthened financial position and fund 2026 drilling program

2022-2023: Power of Progress

• Awarded Petroleum services agreement for unconventional Abu Roash “F” (ARF) reservoir development in Western Desert, Egypt
• RPS estimates 531.5 million barrels (P50) of OIIP in BED-1 concession
• Successful completion of underwritten public offering raising $25.3 million in gross proceeds
• TAG Oil selects BED 1-7 vertical well for first re-completion and evaluation operations in BED-1
• Initiated drilling of first horizontal well in the ARF development within the Badr Oil Field
• Successful completion of a $10 million bought-deal public offering, which was subsequently upsized and closed at $12.7 million
• Achieved first oil production from vertical well BED1-7 in the Badr Oil Field, Western Desert, Egypt
• Earn recognition on the 2023 TSX Venture 50 List
• Started re-completion and evaluation operations for vertical well BED 1-7

2020: New Opportunities Ahead

• Following the TAG Oil New Zealand asset sale, the Company embarks on a strategic initiative to acquire oil and gas assets in the Middle East and North Africa region
• Abby Badwi joins TAG Oil as Executive Chairman