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.

Expert Comments:

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Chen Lin, What Is Chen Buying? What Is Chen Selling?

"TAG Oil Ltd. is fracking right now in Egypt. . .I would just play the risk/reward and hold for the news."

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Bill Newman, Research Capital Corporation

"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."

headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

"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."

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Bill Newman, Research Capital Corporation

"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."

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Experts Following This Company

headshot of Stephane Foucaud
Stephane Foucaud, Analyst – Auctus Advisors
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
Malcolm Shaw, Hydra Capital Partners – Hydra Capital Partners

Company News 

2/28/2023 – TAG Oil Reports Fiscal Q3 2023 Results and Provides Badr Oil Field Operations Update

2/22/2023 – TAG Oil Recognized on the 2023 TSX Venture 50 List

2/13/2023 – TAG Oil Provides Corporate Update

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Streetwise Company Fact Sheet

TAG Oil Ltd.


2023/3/30 1:03:33

Analyst coverage

Auctus AdvisorsStephane Foucaud
Research Capital CorporationBill Newman

Newsletter coverage

Independent Investor

Hydra Capital PartnersMalcolm Shaw

Company News

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Streetwise Reports Articles

03/09/2023 - View Article
03/02/2023 - View Article
02/23/2023 - View Article
02/01/2023 - View Article
01/13/2023 - View Article

Streetwise - TAG Oil Ltd. Ownership Overview*


*Share Structure as of 3/7/2023
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
First well re-completion results early March 2023
First Horizontal Well May/June 2023
Potential 2nd Horizontal well December 2023/January 2024
TAG Oil Ltd. Content