VANCOUVER, BC, Nov. 29,
2023 /CNW/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX:
TAOIF) ("TAG Oil" or the "Company") is pleased
to report the filing of its financial results for the interim
period ending September 30, 2023. A
copy of TAG Oil's financial statements and management discussion
and analysis for the interim period ending September 30, 2023 are available on SEDAR+
(www.sedarplus.ca) and on the Company's website at www.tagoil.com.
Highlights over the period include that the Company had
C$23.0 million (June 30, 2023: C$15.5
million) in cash and cash equivalents and C$24.7 million (June 30,
2023: C$17.9 million) in
working capital and has no debt. During the period, TAG Oil
also closed its upsized C$12.3
million bought-deal public offering and continues to manage
its costs and allocate the necessary resources towards its
operations and business development efforts in Egypt and the broader Middle East and North Africa region.
Drilling operations at the Badr Oil Field in the Western Desert
of Egypt of TAG Oil's first
horizontal well, BED4-T100, are progressing. The Company will
provide detailed drilling and completion updates in due course.
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.
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 news 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
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tag-oil-reports-q2-2024-results-302001136.html
SOURCE TAG Oil Ltd.