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Ashley Garnot

TAG Oil Announces Operations Update and Development Plans at BED-1 Concession in Egypt

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce the following operations update and upcoming development of the Abu Roash “F” (“ARF”) unconventional carbonate reservoir at the Badr Oil Field (“BED-1”) concession in the Western Desert of Egypt and various corporate initiatives.   The BED4-T100 (“T100”) horizontal well continues to produce at an average rate of 100 barrels of oil per day (“BOPD”). The well has been steady, producing for close to 90 days under a rod pumping system. Cumulative gross production to date is in excess of 20,000 bbls

TAG Oil Announces Organizational Restructure

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) announced today the following organizational changes of the Company’s leadership. Namely, Mr. Abdel (Abby) Badwi has been appointed as Executive Chairman and CEO of the Company. Mr. Toby Pierce is stepping down as CEO, effective immediately, to pursue other business opportunities. Mr. Badwi relocated to Cairo, Egypt, last May, where he focused on evaluating the Company’s performance strategies and assembling a skilled team of Egyptian professionals to oversee its operations in the country. This initiative has now been successfully accomplished with the recruitment of a

TAG Oil Announces Closing of Public Offering to Strategically Advance Unconventional and Conventional Opportunities in Egypt

 NOT FOR DISSEMINATION IN THE UNITED STATES  TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce the closing of its public offering (the “Offering”) of units of the Company (the “Units”) at a price of $0.17 per Unit for aggregate gross proceeds of $6,815,963. The Offering was led by Research Capital Corporation as the lead agentand sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited, Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., and Tennyson Securities (collectively, the “Agents”). Each Unit is comprised of one

TAG Oil Reports Annual General Meeting Voting Results

 NOT FOR DISSEMINATION IN THE UNITED STATES  TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to report the voting results from its 2024 annual general meeting of shareholders (the “Meeting”) held today in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting. Fixing the Number and Election of Directors Shareholders fixed the number of directors at six (6), and all six (6) of the nominees listed in TAG Oil’s management information circular dated November 5, 2024, that were proposed by management for election to the board of directors

TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Offering

 NOT FOR DISSEMINATION IN THE UNITED STATES  TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) announces that, further to its news releases dated October 21, and October 23, 2024, it has filed and obtained a receipt for a final short form prospectus dated November 12, 2024 (the “Final Prospectus“) with the securities commissions in each of the provinces of Canada, except Quebec, pursuant to its $10 million public offering of units of the Company (the “Units”) at a price of $0.17 per Unit (the “Offering”). Certain members of management and directors of the Company are

TAG Oil Announces Pricing of Public Offering of Units

 NOT FOR DISSEMINATION IN THE UNITED STATES  TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) announces pricing of its previously announced $10 million marketed public offering of units of the Company (the “Units”) at a price of $0.17 per Unit (the “Offering”).  Certain members of management and directors of the Company intend to participate alongside investors in the Offering.  The Offering is being led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited, Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial

TAG Oil Announces $10 Million Overnight Marketed Public Offering of Units to Strategically Advance Unconventional and Conventional Opportunities in Egypt

 NOT FOR DISSEMINATION IN THE UNITED STATES  TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) is pleased to announce that it has filed a preliminary short form prospectus (“Preliminary Prospectus”) with the securities commissions in all provinces of Canada, except Québec, in connection with an overnight marketed public offering (the “Offering”) of units of the Company (the “Units”) at a price of $0.21 per Unit for aggregate gross proceeds of C$10,000,000.  Certain members of management and directors of the Company intend to participate alongside investors in the Offering.  The Offering is being led

TAG Oil Provides Updates on Operations and Strategic New Egypt Acquisition to Expand Unconventional and Conventional Acreage Position

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) would like to provide the following updates: CURRENT OPERATIONS – Badr Oil Field (“BED-1 Concession”) Production from the BED4-T100 (“T100”) horizontal well is averaging 200 barrels of fluid per day and 35 percent water. Operation of the T100 well has been intermittent for the last two months as the reservoir extent was assessed through pressure build-up analysis and the lift system optimized. The T100 well initially produced under natural flow and subsequently with a jet pump to recover the large volumes of fracture fluid containing

TAG Oil Reports Fiscal Q2 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 June 30, 2024. A copy of TAG Oil’s financial statements and management discussion and analysis for the interim period ending June 30, 2024, are available on SEDAR+ (www.sedarplus.ca) and on the Company’s website (http://www.tagoil.com/). Financial highlights over the period include that the Company had C$7.7 million (March 31, 2024: C$12.7 million) in cash and cash equivalents and C$7.3 million (March 31, 2024: C$9.4 million) in working capital and has no

TAG Oil Provides Flow Test and Production Update for BED4-T100 Horizontal Well

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: TOP) (“TAG Oil” or the “Company”) announced today that it is continuing to produce oil and unload fracture fluid from the BED4-T100 (“T100”) horizontal well in the Badr-1 Oil Field in the Western Desert of Egypt, and has commenced shipping the crude oil for further treating and handling. The current T100 oil production is 400 barrels of oil per day, and associated gas-oil ratio is 150 standard cubic feet per barrel. Production rates represent approximately 130 barrels of oil per day per 100 meters of lateral horizontal length completed in the