TAG Oil Reports Fiscal Q1 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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Source: PRnewswire
- Financial Results: TAG Oil Ltd. reported financial results for the interim period ending March 31, 2024.
- Operational Highlights: The company had C$12.7 million in cash, focused on operations in the Western Desert of Egypt.
- Milestone Achievement: TAG Oil completed drilling and hydraulic fracturing for the BED4-T100 well in the Badr Oil Field.
- Future Plans: Anticipates announcing productivity potential for the T100 well after a 10-day initial production test in June.
- Business Development: Continues efforts to unlock acquisition opportunities in Egypt and the broader Middle East and North Africa region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
