TAG Oil Reports Q1 2023 Results
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) reported its financial results for the interim period ending June 30, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) reported its financial results for the interim period ending June 30, 2022. The company maintained C$13.1 million in cash and equivalents and C$15.4 million in working capital, showing stability with no debt. TAG Oil is actively pursuing opportunities in Egypt and other regions of North Africa and the Middle East. Future updates are expected on key strategic transactions. Financial statements and management analysis are available on SEDAR and the company's website.
Positive
- Cash and cash equivalents remain stable at C$13.1 million.
- Working capital is C$15.4 million with no debt.
- Ongoing business development efforts in Egypt and the Middle East.
Negative
- None.
Details
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VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - TAG Oil Ltd. ("TAG Oil" or the "Company") (TSXV: TAO) (OTCQX: TAOIF) is pleased to report the filing of its financial results for the interim period ending June 30, 2022. A copy of TAG Oil's financial statements and management discussion and analysis for the interim period ending June 30, 2022 are available on SEDAR (www.sedar.com) and on the Company's website (https://tagoil.com/investors/financial-reports/).
Highlights over the period include that the Company had C
TAG Oil is continuing to make significant progress on a few key strategic opportunities in Egypt, as previously announced. TAG Oil expects to have an update on the status of one or more of these transactions in due course.
TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on opportunities in the Middle East and North Africa.
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.
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 Company's operations and potential strategic opportunities. 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.
View original content:https://www.prnewswire.com/news-releases/tag-oil-reports-q1-2023-results-301613448.html
SOURCE TAG Oil Ltd.
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