Blog

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 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 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 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

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has changed its financial year end to December 31, from its current financial year end of March 31. TAG Oil believes this change of financial year end will better align the Company’s financial reporting periods to that of its peer group in the oil and gas sector. In addition, the calendar year end coincides with traditional financial, operational, and taxation cycles. For details regarding the length and ending dates of the financial periods, including the comparative periods of the interim and annual

TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce the results from its 2023 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 6, 2023 that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain

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 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 million (June 30, 2023: C$17.9 million) in working capital and has no debt.

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. 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 well at smooth build angles and steadily increasing

TAG Oil Ltd. (TSXV: TAO and 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 Abu Roash “F” (“ARF”) reservoir. The open hole

NOT FOR DISSEMINATION IN THE UNITED STATES TAG Oil Ltd. (TSXV: TAO and 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 total of 21,126,542 Common Shares have been issued pursuant to the Offering for