TAG Oil Provides Financial Results for Q3-2025 and Corporate Update

Core Viewpoint - TAG Oil Ltd. has reported its financial results for the interim period ending September 30, 2025, highlighting a decrease in cash and working capital compared to the previous quarter, while also announcing a new CFO appointment and ongoing efforts to secure industry partnerships for further drilling activities [1][2][3][4]. Financial Performance - As of September 30, 2025, TAG Oil had C$3.95 million in cash and cash equivalents, down from C$5.34 million on June 30, 2025 [2]. - Working capital decreased to C$3.53 million from C$4.96 million in the previous quarter [2]. - The company reported an average production of 87 barrels of oil per day from the Badr Oil Field during the quarter, with crude oil sales at 70 barrels per day [2]. Corporate Developments - TAG Oil is in the process of securing an industry partner to enhance drilling activities at the BED-1 field [3]. - The company is progressing with the Egyptian National Petroleum for Exploration and Development Company to finalize a petroleum services agreement for the unconventional ARF reservoir [3]. - Mr. Doug Urch has been appointed as Vice President and Chief Financial Officer, effective January 1, 2026, succeeding Mr. Barry MacNeil [4][5]. Leadership Transition - Mr. Urch brings over 25 years of experience in the energy sector and has held senior roles in various E&P companies [5]. - The leadership transition is aimed at ensuring a smooth handover and continued operational effectiveness [4][6].