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. 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 Ltd. (TSXV: TAO, OTCQX: TAOIF) announced key management and board appointments on September 1, 2020. Mr. Abdel Badwi is appointed Executive Chairman, with Mr. Suneel Gupta as VP and COO. The board welcomes Shawn Reynolds and Thomas Hickey as non-executive directors. A private placement of 6.25 million units at C$0.16 per unit, raising C$1 million, will support working capital. The company's cash balance will be approximately C$14.5 million with no debt. TAG continues to explore strategic partnerships in the Surat Basin, Australia, aiming for value maximization.