VANCOUVER, BC, Aug. 29, 2024 /CNW/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX:TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to report the filing of its financial results for the interim period ending June 30, 2024. A copy of TAG Oil's financial statements and management discussion and analysis for the interim period ending June 30, 2024, are available on SEDAR+ (www.sedarplus.ca) and on the Company's website (http://www.tagoil.com/).
Financial highlights over the period include that the Company had C$7.7 million (March 31, 2024: C$12.7 million) in cash and cash equivalents and C$7.3 million (March 31, 2024: C$9.4 million) in working capital and has no debt.
Operations Update: The Company made significant progress at the BED4-T100 ("T100") horizontal well, targeting the unconventional Abu Roash "F" ("ARF") reservoir in the Badr Oil Field ("BED-1"), Western Desert, Egypt. Following flow back operations in April, the T100 well was cleaned out with coiled-tubing and a jet pumping ...
