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.
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) announced the successful completion of re-entry and installation of the completion string at the BED 1-7 well in Egypt. The operation involved significant upgrades to the well infrastructure and indicated promising reservoir pressure and oil content. Future steps include perforation and hydraulic fracturing, with expected initial production data available by the end of April 2023. Furthermore, plans for the first horizontal well, T100, are underway, with completion anticipated in Q3 2023. CEO Toby Pierce reported the project remains on budget despite delays in service contracting.
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) announced its financial results for the interim period ending December 31, 2022, highlighting a significant cash increase to C$21.4 million from C$9.2 million in September 2022. Working capital also grew to C$24.0 million, up from C$11.5 million, with no debt reported. The company completed an upsized public offering generating C$25.3 million. Operationally, TAG Oil has initiated re-completion activities on well BED 1-7 in Egypt's Badr Oil Field, with initial production expected in March 2023 and plans for further horizontal wells scheduled for May/June.
FAQ
What is the current stock price of Tag Oil (TAOIF)?
What is the market cap of Tag Oil (TAOIF)?
