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TAG Oil reports stable oil production in Egypt and raises $11.5M to fund expansion in 2026

Company Fundamentals
30 Apr 2026
Newsfile Corp
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Bullish
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TAG Oil Ltd. reported stable oil production averaging 84 barrels per day in 2025 from its wells in Egypt's Badr Oil Field, with cumulative output exceeding 83,000 barrels. The company generated $1.39 million in oil sales but posted a net loss of $4.8 million for the year. TAG Oil extended its evaluation period for further drilling and sold New Zealand and Australian royalties to strengthen its balance sheet. In early 2026, TAG Oil raised $11.5 million through financing to support development and appraisal activities in Egypt and the Middle East, aiming to expand its unconventional resource portfolio.

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