TAG Oil Reports Annual General Meeting Voting Results

Rhea-AI Summary

TAG Oil (OTCQB: TAOIF) reported results from its annual general meeting held December 4, 2025, in Vancouver, British Columbia. Shareholders fixed the board size at five directors and duly elected all five nominees listed in the company’s management information circular dated November 7, 2025.

Shareholders also appointed Deloitte LLP as auditor for the upcoming year and authorized the board to fix auditor remuneration. The meeting approved the company’s rolling stock option plan, permitting issuance of up to 10% of issued and outstanding common shares from time to time.

Key Figures

Board size: 5 directors Stock option limit: 10% of shares

2 metrics

Board size 5 directors Number of directors fixed at AGM

Stock option limit 10% of shares Rolling stock option plan capacity of issued and outstanding shares

Market Reality Check

Price: $0.0731 Vol: Volume 1,123,000 vs 20-da...

high vol

$0.0731 Last Close

Volume Volume 1,123,000 vs 20-day average 56,269 (relative volume 19.96x) indicates unusually active trading ahead of this governance update. high

Technical Price at 0.0597 is below the 200-day MA of 0.08 and 68.6% below the 52-week high.

Peers on Argus

Peers in Oil & Gas E&P show mixed moves (e.g., ARSLF up 9.8%, JROOF down 0.86%),...

Peers in Oil & Gas E&P show mixed moves (e.g., ARSLF up 9.8%, JROOF down 0.86%), while TAOIF was down 0.36%, suggesting stock-specific trading rather than a clear sector trend.

Historical Context

5 past events · Latest: Dec 01 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Quarterly results	Neutral	-8.6%	Q3-2025 financials and operational update for Egyptian assets.
Nov 24	Market making deal	Positive	+16.2%	Engaged ICP Securities for automated market making services.
Nov 21	Media feature	Neutral	-7.9%	Executive interview on strategy in CEO.CA’s Inside the Boardroom series.
Nov 05	Resource assessment	Positive	-10.1%	Independent volumetric assessment of Abu Roash "F" formation in Egypt.
Nov 03	Asset extension	Positive	+5.5%	Three-year extension of BED-1 evaluation period and corporate update.

Pattern Detected

Recent news often triggered sizable moves in both directions, with some positive operational updates coinciding with negative price reactions.

Recent Company History

Over the last six weeks, TAG Oil issued several updates, including BED-1 evaluation extension to October 13, 2028, an independent volumetric assessment indicating 3.2 billion barrels OIIP across about 250 km2, and engagement of ICP Securities for market making starting November 24, 2025. Financial results for the quarter ended September 30, 2025 highlighted cash of C$3.95 million and working capital of C$3.53 million with no debt. The current AGM voting results fit into this pattern as a corporate governance event following operational and financial disclosures.

Market Pulse Summary

This announcement reports routine AGM outcomes: shareholders fixed the board at 5 directors, reappoi...

Analysis

This announcement reports routine AGM outcomes: shareholders fixed the board at 5 directors, reappointed Deloitte LLP as auditor, and approved a rolling stock option plan allowing up to 10% of outstanding shares. In the context of recent operational updates in Egypt and Q3-2025 financials, the news reinforces continuity in governance and incentive structures. Investors may focus more on future production metrics, capital allocation, and progress on Egyptian development agreements than on these procedural items.

Key Terms

stock option plan, rolling stock option plan

2 terms

stock option plan financial

"The Company's incentive stock option plan, which is a rolling stock option plan..."

A stock option plan is a company program that gives employees the right to buy company shares at a preset price after a certain time, like a coupon allowing purchase later at a fixed rate. It matters to investors because these options can increase the number of shares outstanding — reducing each existing share’s ownership slice and potentially changing per-share results — while also aligning employee incentives with boosting the company’s value.

rolling stock option plan financial

"which is a rolling stock option plan that permits the issuance of up to an aggregate of 10%..."

A rolling stock option plan is a company program that automatically keeps a pool of employee stock options at a set percentage of the company’s total shares, so the number of options available grows or shrinks as the company issues more or fewer shares. Investors care because it creates predictable, ongoing potential share dilution—like a recipe that always calls for the same fraction of ingredients—while signaling how a company plans to reward and retain employees.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to report the voting results from its 2025 annual general meeting of shareholders (the "Meeting") held yesterday in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting.

Fixing the Number and Election of Directors

Shareholders fixed the number of directors at five (5), and all five (5) of the nominees listed in TAG Oil's management information circular dated November 7, 2025, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company's shareholders or until their successors are elected or appointed.

Appointment of Auditors

Shareholders appointed Deloitte LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company's incentive stock option plan, which is a rolling stock option plan that permits the issuance of up to an aggregate of 10% of the issued and outstanding common shares of the Company from time to time, was approved by shareholders.

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/277016

FAQ

What were the director election results at TAG Oil's December 4, 2025 AGM (TAOIF)?

Shareholders fixed the board at five directors and all five nominees in the November 7, 2025 circular were duly elected.

Who was appointed auditor at TAG Oil's 2025 annual general meeting (TAOIF)?

Shareholders appointed Deloitte LLP as auditor for the upcoming year and authorized the board to fix remuneration.

What stock option plan did TAG Oil approve at the 2025 AGM (TAOIF)?

The company approved a rolling stock option plan allowing issuance of up to 10% of issued and outstanding common shares.

When was TAG Oil's management information circular dated for the 2025 AGM (TAOIF)?

The management information circular was dated November 7, 2025.

How long will the elected directors of TAG Oil remain in office after the 2025 AGM (TAOIF)?

The directors will remain in office until the next annual meeting or until their successors are elected or appointed.

Where was TAG Oil's 2025 annual general meeting held (TAOIF)?

The meeting was held in Vancouver, British Columbia on December 4, 2025.