TAG OIL (TAOIF) Stock News, May-Dec 2025

TAG Oil (OTCQB: TAOIF) engaged ICP Securities Inc. to provide automated market making using its proprietary algorithm ICP Premium in compliance with TSX Venture Exchange policies.

The Agreement began on November 24, 2025, carries an Initial Term of four months and will auto-renew monthly unless either party gives 30 days written notice. ICP will be paid C$7,500 per month plus applicable taxes. The Agreement contains no performance fees, no stock options, and ICP and the company are arm's length; ICP and its principals hold no current interest in TAG Oil but may acquire securities in future subject to TSX-V rules.

TAG Oil (OTCQB: TAOIF) announced an independent volumetric assessment of the Abu Roash "F" (ARF) tight carbonate in the Southeast Ras Qattara concession dated November 7, 2024. The FracMod report estimates oil‑initially‑in‑place (OIIP) of 3.2 billion barrels across ~250 km2, based on seismic and >20 well penetrations with log data.

Petrophysics show porosity 5–10% and thickness 35–45 m; maturity is early–mid oil window. TAG Oil received approval to enter a petroleum services agreement (announced Oct 31, 2025) to access more data and plans geochemical, geo‑mechanical studies and production tests before preparing an NI 51‑101 independent evaluation. Estimates carry significant technical, economic and regulatory uncertainty.

TAG Oil (OTCQB: TAOIF) reached an agreement with Badr Petroleum to extend the BED-1 evaluation period for three years to October 13, 2028.

During the extension TAG Oil commits to drill two additional wells at BED-1 and, subject to drilling results, may elect full-scale commercial development of the Abu Roash "F" reservoir. The company also amended the employment agreement for its VP and COO, Suneel Gupta, who will continue in his role until December 31, 2025 subject to mutual extension. Management said the recent Southeast Ras Qattara acquisition strengthens the company’s Egypt land position.

TAG Oil (OTCQB: TAOIF) received approval to enter a petroleum services agreement (PSA) with the Egyptian National Petroleum for Exploration and Development Company for development of the unconventional Abu Roash "F" (ARF) reservoir in the Southeast Ras Qattara concession in Egypt's Western Desert.

The PSA award follows a competitive bidding process and will become effective upon execution of the definitive agreement and posting of a US$100,000 performance letter of guarantee.

TAG Oil (OTCQB: TAOIF) has released its financial results for Q2 2025, reporting a strong financial position with C$5.3 million in cash and C$4.9 million in working capital as of June 30, 2025, up from C$3.2 million in cash at the end of March 2025. The company maintains a debt-free status.

Operationally, the Badr Oil Field (BED-1) wells achieved production of 110 barrels of oil per day with crude oil sales of 91 barrels per day. TAG Oil is pursuing growth through participation in an Egyptian strategic asset acquisition bid closing September 30, 2025, while seeking industry partners to accelerate BED-1 field drilling operations.

TAG Oil (OTCQB: TAOIF) announced its participation in an upcoming open bid process for various blocks in Egypt through the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO). The bid process is expected to run through summer and close on August 31, 2025.

The company is particularly interested in a previously disclosed acquisition target in the Western Desert region, which would expand its acreage position and enhance its operational footprint for the unconventional Abu Roash "F" (ARF) oil resource play. CEO Abby Badwi emphasized the strategic importance of expanding the company's presence in Egypt.

TAG Oil (TAOIF) has completed the sale of its Australian royalty interests to Cypress Petroleum Pty Ltd., a subsidiary of Omega Oil and Gas Limited, for US$1 million in cash. The sold assets include a 3.0% gross overriding royalty on future potential production revenue from exploration permits PL 17, ATP 2037, and ATP 2038. The transaction, dated June 6, 2025, was conducted at arm's length with no finder fee required. According to CEO Abby Badwi, this strategic divestment aims to enhance financial flexibility and strengthen the company's balance sheet, with proceeds intended to support core business operations in Egypt.

TAG Oil Ltd. reported its Q1-2025 financial results, highlighting a stable financial position with C$3.2 million in cash and cash equivalents and $5.0 million in working capital as of March 31, 2025, maintaining the same working capital level from December 31, 2024, despite a decrease in cash position from $6.6 million. The company remains debt-free. Operationally, the Badr Oil Field (BED-1) wells achieved an average production of 130 barrels of oil per day, with crude oil sales averaging 142 barrels daily. The wells underwent temporary shutdown for reservoir pressure build-up testing, showing minimal depletion, while facility improvements were completed to enhance oil handling capabilities. TAG Oil is progressing towards finalizing a strategic asset acquisition in Egypt and seeking partnership for expanded drilling operations at BED-1.

TAG Oil (TAOIF) has addressed recent market volatility and downward pressure on its stock price, stating there is no material undisclosed information causing these movements. The company provided updates on two key developments: 1) Progress on acquiring a 512,000-acre concession in Egypt's Western Desert, which aims to expand their presence in both conventional and unconventional oil plays, particularly the Abu Roash "F" oil resource. 2) At the Badr Oil Field, multiple international industry partners have shown interest in potential strategic joint ventures for future drilling operations, with management presentations ongoing and indicative offers expected.