TAG Oil (TSE:TAO) has released an update.
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TAG Oil Ltd. has reported a solid fiscal Q1 2024 with C$12.7 million in cash, a successful drilling phase completion for the BED4-T100 well, and is gearing up for long-term production after completing a multi-stage hydraulic frac. The company is debt-free and has been focusing on the development of the Abu Roash “F” reservoir in Egypt. TAG Oil is also actively seeking business development opportunities to expand its footprint in the Middle East and North Africa region.
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