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 (TAOIF) provides investors and energy sector observers with comprehensive updates on its oil and gas exploration activities across Australasia and the Middle East. This centralized resource features official announcements, operational milestones, and strategic developments from the debt-free energy company known for its advanced hydraulic fracturing techniques.
Visitors will find timely updates on production results from New Zealand's Taranaki Basin, exploration progress in Egypt's Western Desert, and technical innovations in multi-stage drilling. The archive includes earnings reports, partnership announcements, infrastructure developments, and sustainability initiatives - all essential for understanding the company's reserve-based growth strategy.
Key focus areas include low-cost production updates from established Australian fields, frontier region exploration results, and technological advancements in reservoir stimulation. This collection serves as a critical tool for tracking how TAOIF reinvests operational cash flow into sustainable expansion while maintaining its debt-free status.
Bookmark this page for direct access to verified information about Tag Oil's operational and financial trajectory. Check regularly for updates on drilling outcomes, regional expansion plans, and technical achievements that demonstrate the company's commitment to efficient hydrocarbon recovery.
CEO.CA, a leading investor social network for junior resource and venture stocks, has featured an exclusive interview with Abby Badwi, Executive Chairman of TAG Oil (TSXV: TAO) (OTCQX: TAOIF) in their 'Inside the Boardroom' series. The interview focuses on TAG Oil's unconventional drilling methods in Egypt's Western Desert, targeting a 500-million-barrel opportunity.
Badwi brings significant experience from his previous roles in building companies like Ralley Energy, Kuwait Energy, and Bankers Petroleum. The interview is part of CEO.CA's regular series featuring industry leaders in the mining sector, providing insights into their vision, challenges, and strategies.
TAG Oil (TSXV: TAO, OTCQX: TAOIF, FSE: T0P) reported its fiscal Q1 2024 financial results for the period ending March 31, 2024. The company had C$12.7 million in cash and cash equivalents and C$9.4 million in working capital, with no debt. TAG Oil focused on operations in Egypt's Western Desert, specifically the development of the Abu Roash 'F' (ARF) reservoir in the Badr Oil Field (BED-1).
The company successfully completed the drilling phase for the BED4-T100 horizontal well and pumped all 12 planned stages of its hydraulic frac. TAG Oil plans to announce the productivity potential of the T100 well following a 10-day production test later in June. Additionally, TAG Oil is pursuing acquisition opportunities in Egypt and the broader Middle East and North Africa region.
TAG Oil (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) has completed the initial flow-back operation at the BED4-T100 horizontal well. The company mobilized a workover rig to the T100 well to replace the 4 ½" frac tubing with 3 ½" production tubing, install a jet pump for artificial lift, and start long-term production immediately. A 10-day initial production average is expected to be announced in June to assess the productivity potential of the well. CEO Toby Pierce highlighted the importance of this step in achieving efficient and cost-effective oil production.
TAG Oil announced successful initial production test results from its BED4-T100 horizontal well in Egypt's Western Desert. The well tested at 800 barrels of oil per day (BOPD) and showed favorable reservoir characteristics with a water-cut below 30% during the clean-up phase. The well will continue natural flow for 2-3 weeks before artificial lift systems are installed. TAG Oil plans to drill longer horizontal wells in the future, aiming for lateral lengths of up to 1,000 meters with more fracture stages. The company sees this as a important step towards developing the 500 million barrels of oil in the Abu-Roash 'F' tight carbonate reservoir.
TAG Oil reports financial results for the fiscal year ending December 31, 2023. The Company had C$16.4 million in cash and cash equivalents, C$12.2 million in working capital with no debt. TAG Oil focuses on business development in Egypt and other regions.
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