TAG Oil

TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well

Retrieved on: 
Monday, March 18, 2024
Porosity, Abu Rawash, ARF, TAG Oil, T100, Permeability, Natural gas

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.

Key Points: 
  • 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 and potentially high gas to oil ratio in the ARF zone are projected to enhance the T100 well's production capabilities.
  • Given the notably higher reservoir pressure and gas readings observed during drilling, TAG Oil has made the proactive decision to adjust the lateral length to 308 meters (1,000 feet) as a safety measure.
  • TAG Oil will continue to provide further updates, as necessary.

TAG Oil Provides Update on BED4-T100 Well

Retrieved on: 
Wednesday, February 21, 2024
ARF, Abu Rawash, TAG Oil, T100, Natural gas

VANCOUVER, BC, Feb. 21, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Feb. 21, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.
  • TAG Oil has now commenced drilling the T100 horizontal pay zone section, which is expected to take up to approximately three weeks to complete the drilling of the planned 1,000-meter horizontal section and run the completion technology.
  • The drilling rig will then be moved off the wellsite and TAG Oil will immediately proceed with the hydraulic fracture stimulation of the ARF.
  • TAG Oil will continue to provide detailed drilling and completion updates, as necessary.

Henrik Lundin appointed to the Board of Directors of United Lithium

Retrieved on: 
Tuesday, February 13, 2024
Lithium, EMX, Mining, FRA, Aker BP, Petroleum engineering, TAG Oil, Carbon, Option

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United” or the “Company”) (CSE: ULTH; OTC: ULTHF ; FRA: 0UL ) announces that Mr. Henrik Lundin has been appointed to the Company’s board of directors, effective immediately.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- United Lithium Corp. (“United” or the “Company”) (CSE: ULTH; OTC: ULTHF ; FRA: 0UL ) announces that Mr. Henrik Lundin has been appointed to the Company’s board of directors, effective immediately.
  • Mr. Lundin has considerable global experience in both the technical and business sides of the natural resource sector.
  • He currently sits on the board of EMX Royalty Corp.
    “I am thrilled to be joining the United team as a director,” remarked Mr. Lundin.
  • The board of directors thank Ms. Fitzgerald for her service to the Company and wishes her luck in her future endeavours.

TAG Oil Provides Update on BED4-T100 Well

Retrieved on: 
Wednesday, January 3, 2024
Interest, ARF, ARE, OTCQX, TAG Oil, T100

VANCOUVER, BC, Jan. 3, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Jan. 3, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.
  • These drilling challenges are not projected to impact the prospect of the ARF resource oil play.
  • TAG Oil will continue to provide regular drilling updates, as necessary.
  • The Company will be hosting a live conference call on Thursday, January 4, 2024, at 7:00 AM PST / 10:00 AM EST to discuss this drilling update.

TAG Oil Announces Change of Financial Year End

Retrieved on: 
Wednesday, December 20, 2023
Bank statement, Change, Finance, Calendar, TAG Oil

VANCOUVER, BC, Dec. 20, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Dec. 20, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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 financial statements to be filed for the Company's transition year and its new financial year, reference is made to the Notice of Change of Financial Year End filed by the Company on SEDAR+ pursuant to Section 4.8 of National Instrument 51–102 – Continuous Disclosure Obligations, a copy of which is available electronically at www.sedarplus.ca .

TAG Oil Announces Annual General Meeting Voting Results

Retrieved on: 
Wednesday, December 6, 2023
TAG Oil, Meeting, Remuneration, Holding company

VANCOUVER, BC, Dec. 6, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Dec. 6, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.
  • The directors will remain in office until the next annual meeting of the Company's shareholders or until their successors are elected or appointed.
  • Shareholders appointed Deloitte LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

TAG Oil Reports Q2 2024 Results

Retrieved on: 
Wednesday, November 29, 2023
Bank statement, TAG Oil

VANCOUVER, BC, Nov. 29, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Nov. 29, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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 .
  • During the period, TAG Oil also closed its upsized C$12.3 million bought-deal public offering and continues to manage its costs and allocate the necessary resources towards 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 the Western Desert of Egypt of TAG Oil's first horizontal well, BED4-T100, are progressing.

TAG Oil Provides Update on BED4-T100 Well Drilling Operations

Retrieved on: 
Wednesday, November 15, 2023
OTCQX, BED, TAG Oil, T100, Abu Rawash, ARF, Natural gas

VANCOUVER, BC, Nov. 15, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.

Key Points: 
  • VANCOUVER, BC, Nov. 15, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (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.
  • Initial drilling of the ARF unconventional, carbonate formation performed well at smooth build angles and steadily increasing drilling rates.
  • Drilling has commenced from the intermediate cased section at about 2,800 meters and is projected to be completed in December.
  • TAG Oil will continue to provide regular drilling updates, as necessary.

TAG Oil to Present at the Oil and Gas Virtual Investor Conference October 19th

Retrieved on: 
Tuesday, October 17, 2023
OTCQX, Oil, TAG Oil, Conference, TAO

VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF ) (“TAG Oil” or the “Company”) based in Vancouver, BC, focused on operations in the Badr Oil Field in the Western Desert of Egypt announced that Chief Executive Officer, Toby Pierce, will present live at the Oil and Gas Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 19th, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 17, 2023 (GLOBE NEWSWIRE) -- TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF ) (“TAG Oil” or the “Company”) based in Vancouver, BC, focused on operations in the Badr Oil Field in the Western Desert of Egypt announced that Chief Executive Officer, Toby Pierce, will present live at the Oil and Gas Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 19th, 2023.
  • This will be a live, interactive online event where investors are invited to ask the Company questions in real-time.
  • If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
  • It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

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

Retrieved on: 
Wednesday, September 27, 2023
3D, TAG Oil, Abu Rawash, ARF, T100, Natural gas

TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 meters.

Key Points: 
  • 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 horizontal portion of the T100 well will target oil in the ARF unconventional tight, carbonate reservoir.