TAG Oil (TSE:TAO) has released an update.
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TAG Oil has announced a strategic organizational restructuring, appointing Mr. Abdel Badwi as the new Executive Chairman and CEO, who will lead the company from Cairo, Egypt. This move is part of a broader strategy to cut costs by eliminating Canadian positions and focus on optimizing their Egyptian operations. The company aims to leverage its expertise in unconventional drilling to expand its asset base in Egypt’s Western Desert.
For further insights into TSE:TAO stock, check out TipRanks’ Stock Analysis page.
