TAG Oil Provides Corporate Update

Core Insights - TAG Oil Ltd. is pursuing expansion opportunities in both unconventional and conventional exploration and production assets in Egypt [1] - The company plans to participate in an open bid for various blocks in Egypt organized by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO), with the bidding process expected to close on August 31, 2025 [1] - The acquisition target in the Western Desert, Egypt, is expected to significantly expand TAG Oil's acreage and enhance its operational footprint in the unconventional Abu Roash "F" oil resource play [2] - TAG Oil's CEO emphasized the strategic importance of expanding the company's footprint in Egypt and expressed confidence in leveraging local expertise for a compelling proposal during the ENPEDCO process [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]