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TAG Oil Ltd. - $TAOIF STOCK NEWS

Welcome to our dedicated page for TAG Oil Ltd. news (Ticker: $TAOIF), a resource for investors and traders seeking the latest updates and insights on TAG Oil Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TAG Oil Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) announces successful results from its 2023 annual general meeting of shareholders, including the election of all six proposed nominees to the board of directors, appointment of Deloitte LLP as auditor, and approval of the incentive stock option plan.
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TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) reported its financial results for the interim period ending September 30, 2023. The company had C$23.0 million in cash, C$24.7 million in working capital, and no debt. TAG Oil also closed a C$12.3 million bought-deal public offering and is focusing on its operations and business development efforts in Egypt and the broader Middle East and North Africa region. Drilling operations at the Badr Oil Field in Egypt are progressing with the first horizontal well, BED4-T100.
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TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) provides an update on drilling progress of the BED4-T100 well in the Badr Oil Field in Egypt. Encountering good oil shows, high hydrocarbon gas readings, and mechanical issues, the Company aims to increase the final lateral length of the well.
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TAG Oil Ltd. has commenced drilling the horizontal portion of the BED4-T100 well in the Badr Oil Field in Egypt. The ARF section was approximately 50 meters in thickness and very close to the anticipated elevation. The horizontal well is expected to take three weeks to drill and extend over 1,000 meters. TAG Oil remains on track to complete the well and begin flow back testing in November 2023.
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TAG Oil Ltd.

OTC:TAOIF

TAOIF Rankings

TAOIF Stock Data

79.79M
124.13M
24.34%
2.4%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About TAOIF

tag oil ltd. (tsx:tao, otcqx: taoif) (http://www.tagoil.com/) is a development-stage, australasian-focused oil and gas production and exploration company, with extensive operations and production infrastructure in the taranaki basin region of new zealand and australia’s surat basin. though new to australia, tag is one of new zealand’s leading operators. tag oil is firmly positioned for reserve-based growth with several fields under development and high impact exploration upside in proven discovery fairways contained within the company’s nine permits. as a low cost, high netback oil and gas producer, tag is debt free and reinvests its cash flow into development opportunities and exploration drilling along trend with the company’s production.