TAG Oil posts Q2 loss as 2025 New Zealand royalty sale gain does not recur in June 30, 2026 MD&A

Reuters2026/08/27 13:21

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TAG posted a net loss of CAD 640,000 for the three months ended June 30, 2026, driven by CAD 555,000 G&A.
Revenue totaled CAD 356,000, supported by oil sales of CAD 400,000 on combined production averaging 66 BOPD from two wells.
Performance versus the prior-year quarter reflected the absence of a CAD 1.6 million gain tied to the New Zealand royalties sale.
Cash used in operating activities was CAD 651,000, helped by lower costs; cash rose to CAD 10.4 million following a CAD 11.5 million unit financing.
Capital spending was CAD 284,000; the T-200 well was spudded Aug. 6, 2026, following rig mobilization and regulatory clearances.

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 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 posts Q2 loss as 2025 New Zealand royalty sale gain does not recur in June 30, 2026 MD&A

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