Welcome to our dedicated page for Tag Oil news (Ticker: TAOIF), a resource for investors and traders seeking the latest updates and insights on Tag Oil stock.
TAG Oil Ltd. reports on oil exploration, evaluation and production activity in the Middle East and North Africa, with current company updates centered on Egypt's Western Desert. Recurring news covers the Badr Oil Field, or BED-1, including the T100 horizontal well, the BED 1-7 vertical well, artificial-lift operations, crude deliveries to Ras Gharib processing facilities, and evaluation of the Abu Roash "F" reservoir.
Company announcements also address financial results, balance-sheet actions, royalty-interest sales, petroleum services agreement terms, planned drilling and reservoir testing categories, TSX Venture Exchange matters, annual meeting votes, auditor appointments, director elections, stock option grants and market-making arrangements.
TAG Oil (OTCQB: TAOIF) announced it has secured a drilling rig for the T-200 vertical well at the BED-1 Badr Oil Field in Egypt’s Western Desert. Drilling is expected to start by end of June 2026, pending regulatory approvals.
The T-200 well will test the Abu Roash “F” formation, target a total depth of 4,250 meters, and is expected to take about 60 days to drill and complete. TAG Oil also noted that added exploration blocks and amended economic terms at the SERQ concession require resubmission of its award after new law enactment.
TAG Oil (OTCQB: TAOIF) reported 2025 operations and financial results. Average combined production from two BED-1 wells was ~84 bopd for the year, with cumulative field gross production > 83,000 barrels. Oil sales were $1.39M (2024: $0.86M) and net loss was $4.8M (2024: $6.3M). Cash was $2.5M and working capital ~$1.9M as at Dec 31, 2025. TAG extended the BED-1 evaluation period to Oct 13, 2028, sold NZ/AU royalties for ~US$3.2M, and completed a $11.5M brokered financing in Feb 2026 to fund appraisal and development.
CEO.CA (founded 2012) published an Inside the Boardroom interview with Abdel Badwi, Executive Chairman of TAG Oil (OTCQB: TAOIF, TSXV: TAO, FSE: T0P).
The interview highlights a political tailwind supporting TAG Oil's operations in Egypt's Western Desert and invites viewers to watch the full video on YouTube or CEO.CA.
TAG Oil (OTCQB: TAOIF) updated Q1/2026 operations in Egypt's Western Desert, reporting average BED-1 production of ~65 barrels per day and plans to drill the T-200 vertical well to ~4,200 metres targeting the Abu Roash "F" formation. The company says funding for 2026 activities is in place and a DFIT at SERQ is planned for Q2/2026, with a potential new well in Q4/2026 subject to results and rig availability.
TAG Oil (OTCQB: TAOIF) granted an aggregate of 11,850,000 stock options at a price of C$0.10 per common share on March 4, 2026. The Options have a five-year term and vest over two years.
The grant was made to certain directors, officers and personnel under the company stock option plan to align interests, incentivize performance and support ongoing drilling and development programs in Egypt.
TAG Oil (OTCQB: TAOIF) reported results from its annual general meeting held December 4, 2025, in Vancouver, British Columbia. Shareholders fixed the board size at five directors and duly elected all five nominees listed in the company’s management information circular dated November 7, 2025.
Shareholders also appointed Deloitte LLP as auditor for the upcoming year and authorized the board to fix auditor remuneration. The meeting approved the company’s rolling stock option plan, permitting issuance of up to 10% of issued and outstanding common shares from time to time.
TAG Oil (OTCQB: TAOIF) filed interim financial results for the period ended September 30, 2025. The company reported C$3.95 million in cash and cash equivalents and C$3.53 million in working capital at September 30, 2025, down from C$5.34 million and C$4.96 million at June 30, 2025. TAG Oil has no debt.
Production from the BED-1 Abu Roash F unconventional wells averaged 87 barrels of oil per day during the quarter, with crude oil sales averaging 70 barrels per day. The company is pursuing an industry partner to accelerate drilling and is progressing on a definitive petroleum services agreement with the Egyptian National Petroleum for Exploration and Development Company for development of the ARF reservoir in Southeast Ras Qattara.
The company announced the appointment of Doug Urch as Vice President and Chief Financial Officer effective January 1, 2026, following a transition period beginning December 1, 2025; current CFO Barry MacNeil will conclude his term December 31, 2025.
TAG Oil (OTCQB: TAOIF) engaged ICP Securities Inc. to provide automated market making using its proprietary algorithm ICP Premium in compliance with TSX Venture Exchange policies.
The Agreement began on November 24, 2025, carries an Initial Term of four months and will auto-renew monthly unless either party gives 30 days written notice. ICP will be paid C$7,500 per month plus applicable taxes. The Agreement contains no performance fees, no stock options, and ICP and the company are arm's length; ICP and its principals hold no current interest in TAG Oil but may acquire securities in future subject to TSX-V rules.
TAG Oil (TSXV: TAO / OTCQB: TAOIF) was featured in CEO.CA's "Inside the Boardroom" on November 21, 2025, with Executive Chairman Abdel Badwi speaking about the company's strategy and outlook.
CEO.CA positioned the interview as part of its executive series that connects investors with junior resource leaders and said viewers can watch the video on CEO.CA or YouTube. The piece invites investors to follow TAG Oil coverage and join the CEO.CA community for more executive interviews and event coverage.
TAG Oil (OTCQB: TAOIF) announced an independent volumetric assessment of the Abu Roash "F" (ARF) tight carbonate in the Southeast Ras Qattara concession dated November 7, 2024. The FracMod report estimates oil‑initially‑in‑place (OIIP) of 3.2 billion barrels across ~250 km2, based on seismic and >20 well penetrations with log data.
Petrophysics show porosity 5–10% and thickness 35–45 m; maturity is early–mid oil window. TAG Oil received approval to enter a petroleum services agreement (announced Oct 31, 2025) to access more data and plans geochemical, geo‑mechanical studies and production tests before preparing an NI 51‑101 independent evaluation. Estimates carry significant technical, economic and regulatory uncertainty.