TAG OIL: FUELING THE FUTURE WITH HIGH-IMPACT OPPORTUNITIES
Built by a team with exceptional skills to find and capitalize on oil and gas opportunities.
Canadian-based oil and gas exploration company
Poised for significant growth in Egypt and the broader MENA region.
Leveraging innovative technologies
To capitalize on overlooked opportunities in one of the world’s most resource-rich areas.
A seasoned executive team
With a proven operating track record in Canada, Austral-Asia, Albania, and Egypt.
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THE COMPANY
Pursuing high-impact oil and gas opportunities
Invest in a team that’s seasoned in identifying high-value opportunities
TAG Oil Ltd. (TSX-V: TAO | OTCQX: TAOIF | FSE: T0P) is a Canadian-based oil and gas exploration company poised for significant growth in the Middle East and North African (MENA) region.
In September 2020, TAG Oil embarked on a bold initiative to acquire oil and gas assets in the MENA region, having first established itself as a player in the Austral-Asia market. This strategic pivot positioned the company to tap into the vast potential of countries like Egypt, which boasts the largest and most diversified economy in the Middle East.
THE LOCATION
barrels of oil
Egypt: A global powerhouse in oil and gas
TAG Oil is tapping into the oil-rich nation’s endless potential
Today, Egypt produces approximately 700,000 barrels1 of oil per day. Its recent trilateral agreement with Israel and the EU also positions the country as a major gas and liquefied natural gas (LNG) export hub to Europe. As a democratic republic with significant regional influence, Egypt offers a stable business environment for international energy companies.
This combination of robust production, strategic partnerships, and political stability makes Egypt an ideal focal point for TAG Oil’s growth strategy in the MENA region. With its first major transaction completed in Egypt’s Badr Oil Field (BED-1) in October 2022, TAG Oil has established a strong foothold in this promising market.
THE OPPORTUNITY
UNLOCKING POTENTIAL IN THE BED-1 PROJECT—COMPARABLE TO THE EAGLE FORD IN TEXAS
In October 2022, TAG Oil signed a Petroleum Services Agreement with Badr Petroleum Company (BPCO), a wholly owned subsidiary of EGPC. The agreement includes developing the unconventional heavy oil Abu Roash “F” (ARF) formation in BED-1—a 107 square-kilometer concession in Egypt’s Western Desert.
Analysis from RPS Energy reserves evaluation indicates the ARF target in BED-1 potentially contains more than 500 million barrels of oil2 in place, and has a high probability for successful commercial development.
The agreement includes two phases, during which BPCO will pay TAG Oil a percentage of gross revenue as a service fee. These include:
Evaluation period, considered a pilot development stage with a $6 million commitment.
Promising initial results from Phase 1 include: BED 1-7 Vertical Recompletion in May 2023 that produced more than 1.25 bopd / meter; and BED4-T100 horizontal well drilling in August 2023 that produced more than 1.0 bopd / meter, these results stand shoulder to shoulder with some of the world’s top unconventional reservoirs. Eagle Ford Shale averages 32 bopd / meter.
Commercial development stage to commence following the evaluation period. This is another $6 million commitment.
For Phase 2, there are 18–20 follow-up drill locations at 400-meter spacing available to drill in reservoir areas. The Company has planned to set up 800–1,000-meter wells, expected to produce 960–1,200 bopd each.
A SEASONED TEAM BACKING A WELL-POSITIONED COMPANY
As the TAG Oil team continues to explore the potential of the BED-1 project, the Company has developed a strong financial footing that provides a stable platform for growth.
In December 2024, TAG Oil successfully raised $6.8M and signed an engagement agreement with PillarFour Capital, a London-based firm, to oversee the sale of its New Zealand royalty interests. The proceeds from this transaction will be used to strengthen TAG Oil’s balance sheet, positioning the Company for continued growth and strategic opportunities.
WHY INVEST
7 reasons to invest in TAG Oil
Canadian-based oil and gas exploration company
poised for significant growth in the Middle East and North African region.
BED-1 is a 107 square-kilometer concession in Egypt's Western Desert
early drilling results in the ARF formation have been promising. The BED 1-7 vertical recompletion, completed in May 2023, and BED 4-T100 horizontal well completed in November 2024 have produced over 25,000 barrels of oil.
TAG Oil's seasoned executive team
has demonstrated their track record in successful operating expertise in Canada, Austral-Asia, Albania, and Egypt.
The Company has ongoing plans
to expand their growth potential in the MENA region through strategic acquisitions.
TAG Oil's first project is in Egypt
a powerhouse in the global oil and gas industry, marked by its democratic government, diverse and rich economy, and influence in the region.
Early results from evaluation wells
stand shoulder to shoulder with some of the world’s top unconventional reservoirs including the Eagle Ford Shale.
TAG OIL IS WELL POSITIONED
with multiple raises and potential revenue stream from a royalty asset in Australia.
THE INDUSTRY
TAG Oil’s greatest growth lies ahead of them
The Company’s 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.
While currently focused on developing the BED-1 concession, TAG Oil continues to evaluate new acquisitions and joint venture opportunities across the MENA region. The Company’s strategy targets oil fields nearing maturity that have significant reserve upside potential when applying Western Canadian enhanced recovery technologies.
NEWS
Latest updates from the TAG Oil team
OUR TEAM
Meet the team behind TAG Oil
This leadership team brings a wealth of international experience to the company, spanning decades in the oil and gas industry.
Abdel (Abby) Badwi
CEO & EXECUTIVE CHAIRMAN
Abdel Badwi is a geologist and petroleum industry executive with over 40 years of international upstream experience, leading public and private energy companies with oil and gas assets in many international jurisdictions. He has completed several corporate mergers and numerous corporate and asset acquisitions, and has been a corporate board member of several public and private companies including Verano Energy in Colombia and Arpetrol Corp. in Argentina.
Barry MacNeil
CFO
Barry MacNeil is a member of the Chartered Professional Accountants of BC with more than 30 years of management and accounting experience in public company, private practice and industry. His previous positions include Director of Public Companies and Non Profit Societies, Chief Financial Officer, Corporate Controller and Accountant. He has experience with international oil and gas, mining, and lumber resource companies in sales, service and extraction
Suneel Gupta
VP AND COO
Suneel Gupta is a senior executive in the international petroleum oil and gas industry with over 30 years of experience and a successful track record of value creation in oil and gas. He was directly involved in establishing and growing the Bankers Petroleum Ltd. — where he held numerous key roles — from 500 bopd in 2004 to over 22,000 bopd by 2014 and more than doubling booked reserves for the assets in Albania.
Uncover potential in a rich and growing region
For investors seeking exposure to the dynamic MENA oil and gas sector, TAG Oil (TSX-V: TAO | OTCQX: TAOIF | FSE: T0P) offers a compelling opportunity.
With its strategic position in Egypt, innovative approach to unlocking unconventional resources, and experienced leadership team, TAG Oil is well-positioned to create significant shareholder value in the years to come.
Join a team that’s proven time and time again that they’re exceptional at finding—and capitalizing on—its opportunities.