TAG Oil Provides Financial Results and Operating Updates for Q1-2026

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to report the filing of its financial results for the interim period ending March 31, 2026. A copy of TAG Oil's financial statements and management discussion and analysis for the interim period ending March 31, 2026, are available on SEDAR+ (www.sedarplus.ca) and on the Company's website (http://www.tagoil.com/).

On March 31, 2026, the Company held C$11.5 million in cash and C$11.3 million of working capital, inclusive of a C$11.5 million equity financing in February 2026. On December 31, 2025, the Company reported C$2.5 million in cash and C$1.9 million of working capital. The Company has no debt.

During the quarter ending March 31, 2026, both Badr Oil Field ("BED-1") wells produced at an average rate of 72 barrels of oil per day⁽¹⁾. Crude oil sales delivered from BED-1 for the same period represented 59 barrels of oil per day.

Subsequent to the quarter end, TAG Oil has made meaningful progress on its near-term operational and growth objectives in Egypt by securing a drilling rig to drill a 4,250 meter well at the BED-1 concession in Q3-2026. The Company remains focused on disciplined execution of its field development program and evaluating opportunities that complement its existing operations and enhance long-term shareholder value. TAG Oil will continue to keep shareholders informed as these initiatives develop.

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: [e-mail]
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

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. All estimates and statements that describe the Company's operations acquisition are forward-looking statements under applicable securities laws and necessarily involve risks and uncertainties. Actual results may vary materially from the information provided in this release, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein. TAG Oil undertakes no obligation, except as otherwise required by law, to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors change. The Company shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information contained in the pages of this release.

Schreibe Deinen Kommentar