TAG Oil Announces Grant of Stock Options

Rhea-AI Summary

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.

Positive

• 11,850,000 options granted at C$0.10 exercise price
• Five-year term provides multi-year incentive horizon
• Two-year vesting links compensation to near-term performance
• Incentive alignment with directors, officers and personnel for Egypt programs

Negative

• Potential shareholder dilution if all options are exercised
• Low exercise price (C$0.10) could increase dilution risk if share price rises

News Market Reaction – TAOIF

%

1 alert

% News Effect

On the day this news was published, TAOIF declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce the grant of an aggregate of 11,850,000 stock options (the "Options") at a price of C$0.10 per common share to certain directors, officers, and personnel of the Company pursuant to the Company's stock option plan and applicable policies of the TSX Venture Exchange. The Options have a term of five (5) years from the date of grant and will vest over a period of two (2) years.

The Company granted the Options as part of its ongoing long-term incentive program to align the interests of directors, officers, and personnel with those of shareholders, to incentivize performance, and to support the Company's operational and strategic objectives as it advances its drilling and development programs in Egypt.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

For further information:

Abdel (Abby) Badwi, Executive Chairman and CEO
Email: info@tagoil.com
Website: http://www.tagoil.com/
LinkedIn: https://www.linkedin.com/company/tag-oil-ltd
X: https://twitter.com/tagoilltd

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including statements with regard to the results of the Meeting. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286215

FAQ

What did TAG Oil (TAOIF) announce on March 4, 2026 about stock options?

TAG Oil granted 11,850,000 stock options at C$0.10 per share with a five-year term. According to the company, the options vest over two years and were issued under the stock option plan to certain directors, officers and personnel.

How long is the term and vesting schedule for TAOIF's March 4, 2026 option grant?

The options have a five-year term and vest over two years. According to the company, this schedule ties awards to multi-year performance and near-term vesting milestones.

Who received the TAOIF option grants announced March 4, 2026?

The grant was made to certain directors, officers and personnel of the company. According to the company, recipients were selected under its stock option plan and TSXV policies to align interests with shareholders.

What is the exercise price and shareholder impact of TAOIF's option grant?

The exercise price is C$0.10 per share, which could lead to issuance of new shares upon exercise. According to the company, the grant supports incentives for drilling and development programs in Egypt.

Why did TAG Oil (TAOIF) issue stock options on March 4, 2026?

The options were issued to align interests and incentivize performance among management and staff. According to the company, the grants support operational and strategic objectives as drilling and development advance in Egypt.