TAG Oil Ltd. is pleased to announce that certain of its New Zealand subsidiaries have entered into a definitive asset sale and purchase agreement dated April 7, 2025 , for the sale of its New Zealand royalty interests to an arm's length party . Under the terms of the Agreement, the Company will receive up to US$2,500,000, comprising a cash payment of US$2,200,000 at closing, which sum includes a non-refundable deposit of [...]
TAG Oil Ltd. is pleased to provide an update on its ongoing corporate initiatives. New Zealand Royalty Sale TAG Oil has received expressions of interest from multiple parties to acquire its New Zealand royalty interests. Interested parties are in the final stages of due diligence and are expected to submit binding offers on or before March 31, 2025, addressing all commercial terms for a definitive sale and purchase [...]
TAG Oil Ltd. announces today that Mr. Toby Pierce has resigned as a director of the Company, effective January 6, 2025, and Mr. Pierce will also resign as a director of its subsidiaries in a timely manner, to focus on his other professional commitments. Mr. Pierce has been a director of the Company since June 1, 2015. Abby Badwi, TAG's Executive Chairman and CEO, stated, "We would like to thank Toby for his valuable [...]
TAG Oil Ltd. is pleased to announce the following operations update and upcoming development of the Abu Roash "F" unconventional carbonate reservoir at the Badr Oil Field concession in the Western Desert of Egypt and various corporate initiatives. The BED4-T100 horizontal well continues to produce at an average rate of 100 barrels of oil per day . The well has been steady, producing for close to 90 days under a rod [...]
TAG Oil Ltd. announced today the following organizational changes of the Company's leadership. Namely, Mr. Abdel Badwi has been appointed as Executive Chairman and CEO of the Company. Mr. Toby Pierce is stepping down as CEO, effective immediately, to pursue other business opportunities. Mr. Badwi relocated to Cairo, Egypt, last May, where he focused on evaluating the Company's performance strategies and assembling a [...]
TAG Oil Ltd. announces an update to the recently closed public offering of 40,093,900 units of TAG Oil , with each Unit consisting of one common share of the Company and one Common Share purchase warrant entitling the holder thereof to purchase one Common Share at an exercise price of $0.25 at any time up to 24 months following the closing . Pursuant to the terms of the agency agreement dated effective October 17, 2024 [...]
TAG Oil Ltd. and is pleased to announce the closing of its public offering of units of the Company at a price of $0.17 per Unit for aggregate gross proceeds of $6,815,963. The Offering was led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited, Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp., and Tennyson [...]
TAG Oil Ltd. is pleased to report the voting results from its 2024 annual general meeting of shareholders held today in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting. Fixing the Number and Election of Directors Shareholders fixed the number of directors at six , and all six of the nominees listed in TAG Oil's management information circular dated November 5, 2024, that were proposed by [...]
TAG Oil Ltd. and is pleased to report the filing of its financial results for the interim period ending September 30, 2024. A copy of TAG Oil's financial statements and management discussion and analysis for the interim period ending September 30, 2024, are available on SEDAR+ and on the Company's website . Financial highlights over the period include that the Company had C$4.4 million in cash and cash equivalents and [...]
The final short form prospectus is accessible on SEDAR+ TAG Oil Ltd. announces that, further to its news releases dated October 21, and October 23, 2024, it has filed and obtained a receipt for a final short form prospectus dated November 12, 2024 with the securities commissions in each of the provinces of Canada, except Quebec, pursuant to its $10 million public offering of units of the Company at a price of $0.17 per [...]
TAG Oil Ltd. announces pricing of its previously announced $10 million marketed public offering of units of the Company at a price of $0.17 per Unit . Certain members of management and directors of the Company intend to participate alongside investors in the Offering. The Offering is being led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon [...]
VANCOUVER, BC, Oct. 22, 2024 /CNW/ - Trading resumes in: Company: TAG Oil Ltd. TSX-Venture Symbol: TAO All Issues: Yes Resumption : 9:30 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading [...]
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