OTC-PINK:TAOIF

TAG Oil Reports Results for Financial Year End

Retrieved on: 
Monday, April 29, 2024
TAG Oil, Bank statement, OTCQX

VANCOUVER, BC, April 29, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) and (FSE: TOP) ("TAG Oil" or the "Company") is pleased to report the filing of its financial results for the fiscal year ending December 31, 2023.

Key Points: 
  • VANCOUVER, BC, April 29, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) and (FSE: TOP) ("TAG Oil" or the "Company") is pleased to report the filing of its financial results for the fiscal year ending December 31, 2023.
  • A copy of TAG Oil's financial statements, management discussion and analysis, and annual information form for its most recently completed financial year are available on SEDAR+ ( www.sedarplus.ca ) and on the Company's website ( http://www.tagoil.com/ ).
  • Highlights over the period include that the Company had C$16.4 million (March 31, 2023: C$19.5 million) in cash and cash equivalents and C$12.2 million (March 31, 2023: C$21.6 million) in working capital and has no debt.
  • TAG Oil continues to manage its costs and allocate the necessary resources towards its business development efforts in Egypt and other areas in the Middle East and North Africa region.

TAG Oil Commences Flow Back of BED4-T100 Horizontal Well

Retrieved on: 
Thursday, April 25, 2024
TAG Oil, Fracture, Sand, T100

At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped across the 308-metre lateral section.

Key Points: 
  • At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped across the 308-metre lateral section.
  • TAG Oil's technical team is assuming approximately 7-10 days of flow back before it expects to see consistent clean oil flows.
  • Stabilized flow rates are expected approximately 10 days after consistent oil rates are achieved.
  • Accordingly, the Company expects to be able to release flow rates on the T100 well at some point during the month of May.

TAG Oil to Commence Hydraulic Fracture Stimulation of BED4-T100 Horizontal Well

Retrieved on: 
Wednesday, April 10, 2024
TAG Oil, Fracture, Temperature, Sand, T100, Natural gas

VANCOUVER, BC, April 10, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") is pleased to announce that completion and multistage hydraulic fracture equipment, personnel, camp and natural frac sand have been mobilized to the BED4-T100 ("T100") well location.

Key Points: 
  • VANCOUVER, BC, April 10, 2024 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") is pleased to announce that completion and multistage hydraulic fracture equipment, personnel, camp and natural frac sand have been mobilized to the BED4-T100 ("T100") well location.
  • Additionally, static reservoir pressure and temperature measurements were performed to optimize the simulation model and completion design of the T100 well.
  • Large-scale completion equipment for the region with frac head, sand conveyor and connecting lines to treatment fluid are rigged up on the T100 location.
  • Plans to start the fracture treatment is on schedule for approximately April 15, with treatment duration projected at one week.

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.

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.