TAG Oil Comments on Recent Trading Activity and Provides Corporate Update

Rhea-AI Summary

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) addressed recent stock trading activity in a press release dated June 2, 2021. The company stated there are no undisclosed developments or material changes responsible for the recent price increase and trading volume. TAG Oil is focusing on managing costs and pursuing acquisition projects in Egypt, along with exploring opportunities in the Middle East and North Africa. Further details will be shared as available.

Positive

• Pursuing acquisition projects in Egypt to enhance business growth.
• Exploring strategic opportunities in the Middle East and North Africa.

Negative

• None.

TSXV: TAO
OTCQX: TAOIF

VANCOUVER, BC, June 2, 2021 /PRNewswire/ - TAG Oil Ltd. ("TAG Oil" or the "Company"), (TSXV: TAO) (OTCQX: TAOIF) is issuing this press release to comment on the recent trading activity of its stock. The Company is not aware of any material, undisclosed corporate developments and has no material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in volume or price. The Company will keep the market informed as required.

TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts to maximize value for its shareholders. The Company is pursuing several acquisition projects in Egypt and exploring other strategic opportunities in the Middle East and North Africa. Further information on these efforts will be provided by TAG Oil in due course.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including statements with regard to the Company's operations and potential strategic opportunities. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

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SOURCE TAG Oil Ltd.

FAQ

What did TAG Oil announce on June 2, 2021 regarding trading activity?

On June 2, 2021, TAG Oil announced that it is unaware of any undisclosed developments affecting its stock trading activity.

What are TAG Oil's plans for business development?

TAG Oil is managing costs and pursuing acquisition projects in Egypt, along with exploring strategic opportunities in the Middle East and North Africa.

What stock symbols does TAG Oil operate under?

TAG Oil operates under TSXV: TAO and OTCQX: TAOIF.

Will TAG Oil provide more information about its business development efforts?

Yes, TAG Oil will provide further information on its business development efforts in due course.