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TAG Oil reports Q2 2026 results with $10.4M cash, no debt, and starts drilling new well in Egypt's BED-1 field.

Company Fundamentals
27 Aug 2026
Newsfile Corp
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Neutral
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TAG Oil Ltd. announced its financial results for the six months ending June 30, 2026, showing a strong cash position of C$10.4 million and no debt. The company’s Badr Oil Field (BED-1) wells produced an average of 66 barrels of oil per day in Q2, with sales at 53 barrels per day. TAG Oil began drilling the T-200 well targeting the Abu Roash "F" formation in August, aiming to complete by September 30, 2026. Delays in expanding exploration blocks in the Southeast Ras Qattara concession have postponed resubmission of proposals, but the company is exploring other opportunities in Egypt’s Western Desert and will provide updates as progress continues.

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