TAG Oil starts drilling T-200 well targeting Abu Roash F formation at BED-1 in Egypt

Reuters2026/08/27 13:03

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TAG Oil reported C$ 10.4 million cash, C$ 10.3 million working capital at June 30, 2026; no debt.
BED-1 Badr Oil Field output averaged 66 barrels of oil per day in the June quarter; sales volumes averaged 53 barrels per day.
T-200 well drilling started Aug. 6, 2026 at BED-1, targeting the Abu Roash F formation; operations scheduled to finish by Sept. 30.
Delays in adding exploration blocks to the Southeast Ras Qattara concession pushed back a proposal resubmission tied to revised concession terms.
Western Desert open-acreage opportunities under review, focused on unconventional Abu Roash F prospects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TAG Oil Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608270900NEWSFILECNPR____20260827_311640_1) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TAG Oil starts drilling T-200 well targeting Abu Roash F formation at BED-1 in Egypt

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