TAG OIL LTD - TAOIF STOCK NEWS

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. (TSX:TAO, OTCQX: TAOIF) is an Australasian-focused oil and gas production and exploration company with operations in New Zealand and Australia. The company is debt-free and reinvests its cash flow in development opportunities and exploration drilling.

With production infrastructure in the Taranaki Basin region of New Zealand and Australia's Surat Basin, TAG Oil is well-positioned for reserve-based growth. The company is a leading operator in New Zealand and has multiple fields under development, along with high-impact exploration prospects in nine permits.

12/06/2023 04:00 PM

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TAG Oil Announces Annual General Meeting Voting Results

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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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11/29/2023 04:00 PM

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TAG Oil Reports Q2 2024 Results

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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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11/15/2023 09:00 AM

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TAG Oil Provides Update on BED4-T100 Well Drilling Operations

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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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09/27/2023 09:18 AM

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TAG Oil Commences Drilling the Horizontal Leg of its BED4-T100 Well After Successfully Logging the Vertical Pilot Hole

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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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07/31/2023 09:00 AM

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TAG Oil Reports FY2023 Results and Provides Corporate Update

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06/29/2023 09:00 AM

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TAG Oil will Host Investor Conference Call to Discuss Updated Corporate Presentation

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06/19/2023 09:00 AM

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TAG Oil Provides BED 1-7 Well Production Update

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05/30/2023 09:00 AM

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TAG Oil Announces Senior Leadership Appointments for its Egypt Operations

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05/09/2023 09:00 AM

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TAG Oil Achieves First Oil Production in the Badr Oil Field, Western Desert, Egypt

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03/30/2023 09:00 AM

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TAG Oil Provides Operations Update

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TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) announced the successful completion of re-entry and installation of the completion string at the BED 1-7 well in Egypt. The operation involved significant upgrades to the well infrastructure and indicated promising reservoir pressure and oil content. Future steps include perforation and hydraulic fracturing, with expected initial production data available by the end of April 2023. Furthermore, plans for the first horizontal well, T100, are underway, with completion anticipated in Q3 2023. CEO Toby Pierce reported the project remains on budget despite delays in service contracting.

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FAQ

What is the current stock price of TAG OIL (TAOIF)?

The current stock price of TAG OIL (TAOIF) is $0.122 as of November 29, 2024.

What is the market cap of TAG OIL (TAOIF)?

The market cap of TAG OIL (TAOIF) is approximately 22.2M.

Where does TAG Oil Ltd. operate?

TAG Oil Ltd. operates in the Australasian region, specifically in the Taranaki Basin region of New Zealand and Australia's Surat Basin.

Is TAG Oil Ltd. an exploration company?

Yes, TAG Oil Ltd. is an exploration-stage oil and gas production company with a focus on developing its existing fields and exploring new prospects.

What sets TAG Oil Ltd. apart from its competitors?

TAG Oil Ltd. stands out for being debt-free, allowing it to reinvest its cash flow into development opportunities and exploration drilling.

Does TAG Oil Ltd. have a strong presence in New Zealand?

Yes, TAG Oil Ltd. is one of New Zealand's leading operators in the oil and gas sector.

What are some of the key projects of TAG Oil Ltd.?

TAG Oil Ltd. has multiple fields under development and high-impact exploration upside in nine permits, positioning it for reserve-based growth.

What is the financial situation of TAG Oil Ltd.?

TAG Oil Ltd. had C$12.7 million in cash and cash equivalents and C$9.4 million in working capital as of March 31, 2024, with no debt.

What regions does TAG Oil Ltd. focus on for its operations?

TAG Oil Ltd. focuses on operations and opportunities in the Middle East and North Africa, with developments in the Western Desert of Egypt.

How does TAG Oil Ltd. reinvest its cash flow?

TAG Oil Ltd. reinvests its cash flow into development opportunities and exploration drilling to support its growth and expansion.

Is TAG Oil Ltd. a publicly traded company?

Yes, TAG Oil Ltd. is publicly traded on the Toronto Stock Exchange under the symbol TAO and on the OTCQX under the symbol TAOIF.

What are the future plans of TAG Oil Ltd.?

TAG Oil Ltd. plans to continue developing its operations in Egypt and the broader Middle East and North Africa region, seeking to unlock acquisition opportunities and drive growth.