TAG Oil Ltd. reports on oil exploration, evaluation and production activity in the Middle East and North Africa, with current company updates centered on Egypt's Western Desert. Recurring news covers the Badr Oil Field, or BED-1, including the T100 horizontal well, the BED 1-7 vertical well, artificial-lift operations, crude deliveries to Ras Gharib processing facilities, and evaluation of the Abu Roash "F" reservoir.
Company announcements also address financial results, balance-sheet actions, royalty-interest sales, petroleum services agreement terms, planned drilling and reservoir testing categories, TSX Venture Exchange matters, annual meeting votes, auditor appointments, director elections, stock option grants and market-making arrangements.
TAG Oil (TAOIF) has drilled its T-200 vertical well in Egypt’s Badr Oil Field to a depth of 4,102 metres. The well reached the targeted Abu Roash F reservoir at 4,100 metres, in line with the geological forecast and budgeted drilling costs to date. TAG Oil plans to install liner casing before resuming drilling to approximately 4,200 metres, followed by completion and testing; initial production test results are expected in late October 2026.
TAG Oil (OTCQB: TAOIF) reported financial results for the six months ended June 30, 2026, with C$10.4 million in cash and cash equivalents, C$10.3 million in working capital and no debt. The company’s two BED-1 wells produced an average of 66 barrels of oil per day, with crude oil sales of 53 barrels per day for the quarter ended June 30, 2026.
According to TAG Oil, drilling of the 4,250-meter vertical T-200 well at the BED-1 field targeting the Abu Roash “F” formation began on August 6, 2026, with drilling and completion expected by September 30, 2026. The company also reported extended delays in adding exploration blocks to the Southeast Ras Qattara concession, and is concurrently pursuing other open-acreage opportunities in Egypt’s Western Desert.
TAG Oil (OTCQB: TAOIF) has spudded its T-200 vertical well at the Badr Oil Field (BED-1) in Egypt’s Western Desert on August 6, 2026. The well targets the Abu Roash “F” formation, is planned to reach about 4,200 meters, and drilling and completion are expected to take roughly 60 days. Upon successful completion, TAG Oil plans to bring T-200 into immediate production via an early production facility to assess production rates, reservoir performance, and broader development potential of the BED-1 concession.
TAG Oil (OTCQB:TAOIF) provided an update on drilling at the BED-1 concession in Egypt. The NDC-9 rig is expected to mobilize this month, with drilling of the T-200 vertical well targeted to start by mid-July 2026.
T-200 will drill to about 4,250 metres, targeting the Abu Roash "F" formation, where nearby wells have encountered lighter gravity oil. Drilling and completion are expected to take roughly 60 days.
TAG Oil (OTCQB: TAOIF) filed financial results for the interim period ending March 31, 2026. Cash on March 31, 2026 was C$11.5 million and working capital was C$11.3 million, supported by a C$11.5 million equity financing in February 2026, with no debt.
The BED-1 wells in Egypt produced an average of 72 barrels of oil per day during the quarter, with crude sales of 59 barrels per day. TAG Oil has secured a rig to drill a 4,250-meter well at BED-1 in Q3-2026.
TAG Oil (OTCQB: TAOIF) announced it has secured a drilling rig for the T-200 vertical well at the BED-1 Badr Oil Field in Egypt’s Western Desert. Drilling is expected to start by end of June 2026, pending regulatory approvals.
The T-200 well will test the Abu Roash “F” formation, target a total depth of 4,250 meters, and is expected to take about 60 days to drill and complete. TAG Oil also noted that added exploration blocks and amended economic terms at the SERQ concession require resubmission of its award after new law enactment.
TAG Oil (OTCQB: TAOIF) reported 2025 operations and financial results. Average combined production from two BED-1 wells was ~84 bopd for the year, with cumulative field gross production > 83,000 barrels. Oil sales were $1.39M (2024: $0.86M) and net loss was $4.8M (2024: $6.3M). Cash was $2.5M and working capital ~$1.9M as at Dec 31, 2025. TAG extended the BED-1 evaluation period to Oct 13, 2028, sold NZ/AU royalties for ~US$3.2M, and completed a $11.5M brokered financing in Feb 2026 to fund appraisal and development.
TAG Oil (OTCQB: TAOIF) updated Q1/2026 operations in Egypt's Western Desert, reporting average BED-1 production of ~65 barrels per day and plans to drill the T-200 vertical well to ~4,200 metres targeting the Abu Roash "F" formation. The company says funding for 2026 activities is in place and a DFIT at SERQ is planned for Q2/2026, with a potential new well in Q4/2026 subject to results and rig availability.
TAG Oil (OTCQB: TAOIF) granted an aggregate of 11,850,000 stock options at a price of C$0.10 per common share on March 4, 2026. The Options have a five-year term and vest over two years.
The grant was made to certain directors, officers and personnel under the company stock option plan to align interests, incentivize performance and support ongoing drilling and development programs in Egypt.
TAG Oil (OTCQB: TAOIF) reported results from its annual general meeting held December 4, 2025, in Vancouver, British Columbia. Shareholders fixed the board size at five directors and duly elected all five nominees listed in the company’s management information circular dated November 7, 2025.
Shareholders also appointed Deloitte LLP as auditor for the upcoming year and authorized the board to fix auditor remuneration. The meeting approved the company’s rolling stock option plan, permitting issuance of up to 10% of issued and outstanding common shares from time to time.