TAO:TSX.V; TAOIF:OTCQX

TAG Oil Ltd.

TAG Oil is a Canadian-based and listed oil and gas exploration company pursuing acquisitions, exploration, and production in the Middle East and North African (MENA) region.

Our forward-looking strategy is to position the Company for significant growth via strategic acquisition, property development, enhanced production methods, and capitalizing on overlooked opportunities. TAG Oil's leadership team has demonstrated success implementing these strategies in the past, and looks to the future to build new, significant shareholder value.

TAG has the first piece of its MENA-based strategic acquisition plan into place with its first petroleum services agreement in the Badr Oil Field (BED-1), Western Desert, Egypt that potentially holds more than 500 million barrels of oil in place, and to date, the ARF zone has never been developed in Egypt.

The Company also continues to receive production royalties in New Zealand, and maintains a solid balance sheet.

TAO:TSX.V TAOIF:OTCQX

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TAG Oil Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Oil Company Provides Update on Drilling that Could Change Egypt

Streetwise Reports (11/21/2023)

TAG Oil has released an update on the progress of its horizontal well in the Western Desert of Egypt. Read on to see why analysts like this stock.

Tags: Oil & Gas - Exploration & Production

Co. Restarts Drilling of Well in Egypt

Research Report

Bill Newman (11/16/2023)

This event follows a month-long delay in drilling due to a mechanical issue and creating a new operational plan, noted a Research Capital Corp. report.

Tags: Oil & Gas - Exploration & Production

Middle East Conflict Could Prop Up Oil Markets

Streetwise Reports (11/07/2023)

Oil prices could soar if the conflict in the Middle East widens, the World Bank says. Here are some oil stocks analysts say are worth looking at.

Tags: Oil & Gas - Exploration & Production

Unearthing Opportunities: Special Situations for Q4 2023

Contributed Opinion

(10/25/2023)

Natural resource special situations for Q4 2023 offer overlooked opportunities across the resource sector. By targeting catalysts, nimble investors can position for gains.

Tags: Oil & Gas - Exploration & Production

Chen Still Likes This Precious Metal in Q4

Streetwise Reports (10/09/2023)

If you've been following asset manager Chen Lin's quarterly picks on Streetwise Reports, you know he is bullish on one particular precious metal, and the fourth quarter of 2023 is no exception.

Tags: GoldSilverBiotechnology / PharmaceuticalsOil & Gas - Exploration & Production

Oil Co. Starts Drilling Horizontal Leg of Well in Egypt

Streetwise Reports (09/28/2023)

TAG Oil Ltd. has started drilling the horizontal portion of its first horizontal well in the Badr Oil Field in the Western Desert of Egypt. Find out why one oil executive said horizontal drilling "changed it all."

Tags: Oil & Gas - Exploration & Production

Expert Comments:

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/17/23) "TAG Oil Ltd. encountered a lot of oil as the company was drilling, just as it expected. Now we hope to get the results by 2023E."

	Bill Newman, Research Capital Corporation (11/15/23) "TAG Oil Ltd. provided a drilling update on the BED4-T100 (T100) horizontal well in the BED-1 field. . .we are encouraged that the well encountered very good oil shows and good indications of primary porosity while drilling through the first 300m of the Abu Roash F reservoir."

Jon Brown, The Market Herald (11/9/23) "Egypt is becoming a major player in the oil game, and TAG Oil Ltd. is in a prime position to capitalize on this potential. . .the company is entering a very active period in the coming months, with its main focus on the T100 well and developing the field more generally."

Christopher Jones, Haywood Securities (9/28/23) "TAG Oil Ltd. announced it has commenced drilling the horizontal portion of the BED4-T100 well. . .with a lot of the geological risk removed from the successful vertical re-entry proof-of-concept well completed in the summer, along with good progress of its first horizontal well, we like the risk/reward down at these levels."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/27/23) "TAG Oil Ltd. came out with good news, that the company finished the vertical part of the drilling and is ready for the horizontal one. We anticipate this drilling to finish in three weeks."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/19/23) "TAG Oil Ltd. is pursuing land-based, low-capex deals. . .the company is very close to getting the first horizontal fracking [done] in Egypt."

More Expert Comments

Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/7/23) "TAG Oil Ltd.'s horizontal well will be drilled in two months. . .the company has 80−100 well locations and is working on more deals."

Christopher Jones, Haywood Securities (9/1/23) "TAG Oil Ltd. is guiding the Street to initial production rates of about 2,000 bbl/d on its horizontal wells. . .we know the oil is there, and now it's about fracking and extracting."

	Bill Newman, Research Capital Corporation (8/30/23) "We believe a stabilized flow rate of over 1 Mbbl/d from TAG Oil Ltd.'s T100 well could be a major near-term catalyst for the stock. With the completion of the financing, the company has additional financial flexibility to accelerate a drilling program at the BED-1 block and also to pursue additional acquisition in Egypt and in the broader Middle East and North Africa region."

Christopher Jones, Haywood Securities (8/29/23) "From May 2022–January 2023, TAG Oil Ltd.'s stock had a good run from $0.20/share to $0.79/share ahead of results of the vertical re-entry and a bit of marketing. This performance is more than enough to extrapolate what may happen on the back of a successful horizontal well, and with a lot of the geological risk removed from the successful vertical re-entry, we like the risk/reward down at these levels."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/25/23) "TAG Oil Ltd. is looking extremely interesting ahead of the coming catalysts. The company already started to drill the first ever horizontal well and will complete it before 2023E, likely October-November. . .I would take a position ahead of the leak and hope for good news."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/16/23) "I added to my position in TAG Oil Ltd. The weak Chinese data crashed the commodities this week."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (6/20/23) "TAG Oil Ltd. just announced the initial results of fracking [the BED 1-7 well; the flow rate] stabilized at 140 bbl/d. This is a good step to support the upcoming drilling of the horizontal well."

	Bill Newman, Research Capital Corporation (6/19/23) "Over the past two weeks, TAG Oil Ltd.'s BED 1-7 vertical well has produced at a stabilized rate of 140 bbl/d of oil with a 5% water cut; the successful fracture stimulation of the Abu Roash F formation and the production test results are encouraging. The company will apply its learnings to the design of the new BED4-T100 horizontal well which is expected to spud in July."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (6/8/23) "TAG Oil Ltd. is waiting for the initial fracking results. Plus, the company has the first ever horizontal well in Egypt coming in a few months."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (5/16/23) "I talked to the management of TAG Oil Ltd., and they are excited about the fracking results. . .they are working hard to acquire additional land positions nearby."

	Stephane Foucaud, Auctus Advisors (5/12/23) "Net cumulative oil produced during the short flowback of TAG Oil Ltd.'s BED 1-7 well was in excess of 500 bbl. According to the company, the production results confirm the economic feasibility of this resource play."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (5/9/23) "TAG Oil Ltd. just announced a successful frack operation; initial indications are good, right on target. API is 23, at the high end of the company's expectation of 18–26. . .the next step is the 30-day flowback."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (4/24/23) "TAG Oil Ltd. jumped last week after it announced on Twitter it successfully performed a frack; now we just need to wait for the flowback number. I applaud the management for giving the latest update on Twitter, otherwise shareholders would be left in the dark."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (4/17/23) "I am waiting for TAG Oil Ltd.'s fracking results; they should come out any day now. Any flow higher than 300 bbl/d is a victory because it is pointing to 3,000+ bbl/d from a 10- to 15-stage horizontal well that the company plans to drill next."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (4/4/23) "The oil price jumped to $80 over the weekend, and this is great news for my oil stock, TAG Oil Ltd., which should release very important news on fracking this month. The price jumped immediately after Saudi and Russia, together with the Organization of the Petroleum Exporting Countries, announced 1+ MMbbl production cuts."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/31/23) "I am focusing on TAG Oil Ltd. as one of my top energy plays. . .the company is finally ready to frack, and the management is extremely confident it will hit. The question is how high the flow will be; we should know in a month."

	Bill Newman, Research Capital Corporation (3/30/23) "TAG Oil Ltd. provided an update on the recompletion operations on the BED 1-7 vertical well. . .fracture stimulation is expected to commence within weeks with initial flow rates in late April 2023. A strong production test could prove to be a near-term catalyst for the stock."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/8/23) "TAG Oil Ltd. is fracking right now in Egypt. . .I would just play the risk/reward and hold for the news."

	Bill Newman, Research Capital Corporation (3/1/23) "TAG Oil Ltd.'s recompletion operations on the BED 1-7 vertical well are underway, with stimulation anticipated to commence next week and with flow test results expected in March 2023; drilling of the first horizontal well in the ARF remains on track for May/June. Initial results from the vertical and horizontal wells testing the ARF reservoir could prove to be a major catalyst for the stock."

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/27/23) "TAG Oil Ltd. is set to frack the pilot well this week. . .the company has equipment on site and plans to connect the oil to pipeline and flow it by mid-March, though it is hoping sooner. . .I would play the odds as most of the risks are taken out by now (recompletion of an old well is not easy) and wait for the results."

	Bill Newman, Research Capital Corporation (1/13/23) "We expect TAG Oil Ltd. will have a string of event-driven press releases in 2023, which could provide a catalyst for the stock. . .if the company's vertical well re-entry and horizontal well program proves successful, a significant portion of the 2C contingent resource could be converted into Proven and Probable reserves, which could be a major catalyst for the stock."

Experts Following This Company

	Stephane Foucaud, Analyst – Auctus Advisors
Christopher Jones, Associate Analyst, Energy Research – Haywood Securities
	Chen Lin – What Is Chen Buying? What Is Chen Selling?
	Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
Malcolm Shaw, Hydra Capital Partners – Hydra Capital Partners
	Malcolm Shaw – Hydra Capital Partners

Company News

11/29/2023 – TAG Oil Reports Q2 2024 Results

11/15/2023 – TAG Oil Provides Update on BED4-T100 Well Drilling Operations

9/27/2023 – TAG Oil Commences Drilling the Horizontal Leg of its BED4-T100 Well After Successfully Logging the Vertical Pilot Hole

Important Disclosures
TAG Oil Ltd. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2023/12/5 20:29:47

(TAO:TSX.V - TAOIF:OTCQX)

Analyst coverage

Auctus Advisors — Stephane Foucaud

Haywood Securities — Christopher Jones

Research Capital Corporation — Bill Newman

Newsletter coverage

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Independent Investor

Hydra Capital Partners — Malcolm Shaw

Company News

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Streetwise Reports Articles

11/21/2023 - View Article

11/16/2023 - View Article

11/07/2023 - View Article

10/25/2023 - View Article

10/09/2023 - View Article

Streetwise - TAG Oil Ltd. Ownership Overview*

TAG Oil Ltd. (TAO:TSX.V; TAOIF:OTCQX)

^*Share Structure as of 11/15/2023

Investing Highlights

	Unique in the international oil and gas arena
	Focus on exploitation and development of later life conventional assets
	Utilization of advanced technologies and unconventional experience driving production

catalyst Calendar

Q1 2023	First well re-completion results early March 2023
Q2 2023	First Horizontal Well May/June 2023
Q4 2023	Potential 2nd Horizontal well December 2023/January 2024