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TAG OIL LTD - $TAOIF STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TAG OIL's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TAG OIL's position in the market.

News
TAG Oil Reports Results for Financial Year End
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.55%
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News
TAG Oil Commences Flow Back of BED4-T100 Horizontal Well
Rhea-AI Summary
TAG Oil has successfully completed the multistage hydraulic frac on its BED4-T100 well location, using both acid stimulation and proppant. Over 1,000,000 pounds of sand were pumped across the 308-metre lateral section. The company anticipates flow back operations to begin in the next several days, with stabilized flow rates expected within 10 days of consistent oil flows. Flow rates for the T100 well are expected to be released in May, with further updates on production volumes to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.88%
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none
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News
TAG Oil to Commence Hydraulic Fracture Stimulation of BED4-T100 Horizontal Well
Rhea-AI Summary
TAG Oil announces mobilization of completion and fracture equipment for the T100 well, with plans to start fracture treatment in April and announce initial production results in May.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
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none
News
TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well
Rhea-AI Summary
TAG Oil (TAOIF) announces successful completion of drilling phase for the BED4-T100 horizontal well in the Abu Roash 'F' limestone formation. The well has penetrated an over-pressured reservoir with exceptional porosity and permeability, showcasing signs of free oil flow and high gas readings. TAG Oil adjusts lateral length for safety and optimizes hydraulic fracture completion design to enhance production capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.97%
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none
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News
TAG Oil Provides Update on BED4-T100 Well
Rhea-AI Summary
TAG Oil Ltd. (TAOIF) provides an update on the drilling progress of the BED4-T100 well in the Badr Oil Field in Egypt. The company has completed re-drilling, reaching a depth of 3,238 meters in the ARF reservoir zone. The drilling of the horizontal pay zone section is underway, expected to take three weeks. Hydraulic fracture stimulation will follow. TAG Oil will keep stakeholders informed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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News
TAG Oil Provides Update on BED4-T100 Well
Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) provides an update on the drilling progress of the BED4-T100 horizontal well in the Badr Oil Field in the Western Desert of Egypt. Despite challenges with the drilling rig mud system and geo-mechanical hole stability, the company is working on repairs and re-drilling to proceed with drilling the lateral. The ARF target reservoir has shown promising oil shows and high hydrocarbon gas readings, with completion of the drilling phase projected to be done next month.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.78%
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none
News
TAG Oil Announces Change of Financial Year End
Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) has changed its financial year end to December 31 from March 31 to better align with its peer group in the oil and gas sector. The change coincides with traditional financial, operational, and taxation cycles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
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none
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News
TAG Oil Announces Annual General Meeting Voting Results
Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) announces successful results from its 2023 annual general meeting of shareholders, including the election of all six proposed nominees to the board of directors, appointment of Deloitte LLP as auditor, and approval of the incentive stock option plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
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none
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News
TAG Oil Reports Q2 2024 Results
Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) reported its financial results for the interim period ending September 30, 2023. The company had C$23.0 million in cash, C$24.7 million in working capital, and no debt. TAG Oil also closed a C$12.3 million bought-deal public offering and is focusing on 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 Egypt are progressing with the first horizontal well, BED4-T100.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
Tags
earnings
News
TAG Oil Provides Update on BED4-T100 Well Drilling Operations
Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) provides an update on drilling progress of the BED4-T100 well in the Badr Oil Field in Egypt. Encountering good oil shows, high hydrocarbon gas readings, and mechanical issues, the Company aims to increase the final lateral length of the well.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.89%
Tags
none
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TAG OIL LTD

OTC:TAOIF

TAOIF Rankings

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TAOIF Stock Data

79.79M
124.13M
24.34%
2.4%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About TAOIF

tag oil ltd. (tsx:tao, otcqx: taoif) (http://www.tagoil.com/) is a development-stage, australasian-focused oil and gas production and exploration company, with extensive operations and production infrastructure in the taranaki basin region of new zealand and australia’s surat basin. though new to australia, tag is one of new zealand’s leading operators. tag oil is firmly positioned for reserve-based growth with several fields under development and high impact exploration upside in proven discovery fairways contained within the company’s nine permits. as a low cost, high netback oil and gas producer, tag is debt free and reinvests its cash flow into development opportunities and exploration drilling along trend with the company’s production.