TAG Oil Reports Annual General Meeting Voting Results

TAG Oil (OTCQB: TAOIF) reported results from its annual general meeting held December 4, 2025, in Vancouver, British Columbia.

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.

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Details

News Market Reaction – TAOIF

The recorded move for TAOIF in the trading session of this news was -8.31%.

Data tracked by StockTitan Argus. Session date unavailable.

Key Figures

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

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

Historical Context

5 past events · Latest: Dec 01

5 events

1. Dec 01

   Quarterly results

   24h Move

   -8.6%

   Q3-2025 financials and operational update for Egyptian assets.

2. Nov 24

   Market making deal

   24h Move

   +16.2%

   Engaged ICP Securities for automated market making services.

3. Nov 21

   Media feature

   24h Move

   -7.9%

   Executive interview on strategy in CEO.CA’s Inside the Boardroom series.

4. Nov 05

   Resource assessment

   24h Move

   -10.1%

   Independent volumetric assessment of Abu Roash "F" formation in Egypt.

5. Nov 03

   Asset extension

   24h Move

   +5.5%

   Three-year extension of BED-1 evaluation period and corporate update.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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. How Rhea-AI works. Not financial advice.

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.