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.

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.

Recent Articles:

Canadian Oil Co. Highly Rated by Analysts

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TAG Oil has been favorably reviewed by analysts and newsletter writers, including Chen Lin. Read on to see why they like this oil company with projects based in Egypt's Western Desert, which anticipates production in Q2 of 2024.

Oil Company Overcomes Obstacles in Egypt's Western Desert

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TAG Oil has provided an update on its progress on the potentially lucrative Abu-Roash F oil deposit. Read on to see why analysts like this company's stock.

Oil Co. Should Have Success With Third Lateral

Research Report
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Tag Oil updated drilling operations at its BED4-T100 horizontal well, noted a Research Capital report.

Oil Company Provides Update on Drilling that Could Change Egypt

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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.

Co. Restarts Drilling of Well in Egypt

Research Report
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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.

Middle East Conflict Could Prop Up Oil Markets

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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.

More Articles


Expert Comments:

Haywood Securities

(1/24/24)
"With a strong financial position of $13−14M cash and no debt, TAG Oil Ltd. is well-positioned to execute drilling on the BED4-T100 horizontal well in the Badr oil field. The company's $55M market cap and $423M unrisked NPV10 present considerable upside potential."

SADIF Investment Analytics

(1/12/24)
"In terms of risk, TAG Oil Ltd. is very safe. . .we expect the company to be an average long-term investment, and its stock is still attractive."

Christopher Jones, Haywood Securities

(1/9/24)
"At $75/lb Brent we expect TAG Oil Ltd. will generate about $1M/month per 1 Mbbl/d, so we expect well payout in around nine months. . .these numbers are torquey (up and down) to the oil price (+/-60% sensitivity) and the production rates, and the model becomes self-funding quite quickly. . .the risk-reward at current levels, even for investors with a higher cost base, is compelling."

headshot of Bill Newman

Bill Newman, Research Capital Corporation

(1/3/24)
"TAG Oil Ltd. is targeting a large unconventional reservoir, and a successful production test should result in significant stock price appreciation. Therefore, we view the recent pullback in the stock price as a buying opportunity."

headshot of Chen Lin

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

(1/2/24)
"TAG Oil Ltd. has a major catalyst coming. The company is set to report first ever fracking results in Egypt."

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."

More Expert Comments

Experts Following This Company

headshot of Stephane Foucaud
Stephane Foucaud, Analyst – Auctus Advisors
Christopher Jones, Associate Analyst, Energy Research – Haywood Securities
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
headshot of Malcolm Shaw
Malcolm Shaw – Hydra Capital Partners

Company News 

1/3/2024 – TAG Oil Provides Update on BED4-T100 Well

12/20/2023 – TAG Oil Announces Change of Financial Year End

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

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 book logo Streetwise Company Fact Sheet

2024/2/25 17:13:32

(TAO:TSX.V - TAOIF:OTCQX)

Analyst coverage

Auctus AdvisorsStephane Foucaud
Haywood SecuritiesChristopher Jones
Research Capital CorporationBill Newman

Newsletter coverage

Company News

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Streetwise Reports Articles

02/07/2024 - View Article
01/09/2024 - View Article
01/03/2024 - View Article
11/21/2023 - View Article
11/16/2023 - View Article

streetwise book logoStreetwise - TAG Oil Ltd. Ownership Overview*

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

*Share Structure as of 2/6/2024
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
Q2
2023
First Horizontal Well May/June 2023
Q4
2023
Potential 2nd Horizontal well December 2023/January 2024