Northwire Canada EditionTuesday, July 21, 2026
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AEC 6.58 +9.3% IAU 1.88 +6.2% LOD 0.285 −3.4% FVL 0.970 +6.6% BAG 0.210 +23.5% FMN 0.220 −8.3% OMM 0.050 +0.0% VUL 0.420 +3.7% PNTR 0.320 +8.5% SWA 0.035 +0.0% GEN 0.065 +0.0% PAT 0.355 +0.0% TOM 0.115 +9.5% ALS 58.50 +2.8% LIO 0.145 +3.6% GEMC 0.020 +0.0% AEC 6.58 +9.3% IAU 1.88 +6.2% LOD 0.285 −3.4% FVL 0.970 +6.6% BAG 0.210 +23.5% FMN 0.220 −8.3% OMM 0.050 +0.0% VUL 0.420 +3.7% PNTR 0.320 +8.5% SWA 0.035 +0.0% GEN 0.065 +0.0% PAT 0.355 +0.0% TOM 0.115 +9.5% ALS 58.50 +2.8% LIO 0.145 +3.6% GEMC 0.020 +0.0%
Earnings

TAG Oil Provides Financial Results for Q3-2025 and Corporate Update

By The Northwire Desk — AI Analysis Dec 01, 2025 · 17:29 TAO · 0.075 TAG Oil Ltd.
TAO · Price

Executive Summary

  • TAG Oil filed its interim financial results for the period ending September 30, 2025, reporting C$3.95 M cash and C$3.53 M working capital, down from June 30, 2025 levels.
  • Average production at the Badr Oil Field (BED‑1) unconventional Abu Roash “F” wells was 87 bbl/d, with crude oil sales of 70 bbl/d for the quarter.
  • The company announced the appointment of Doug Urch as Vice President & Chief Financial Officer effective Jan 1 2026, succeeding Barry MacNeil.

Key Details

  • Cash & Working Capital: C$3.95 M cash and equivalents; C$3.53 M working capital (vs. C$5.34 M cash and C$4.96 M working capital on June 30, 2025).
  • Debt Position: The company has no debt as of September 30, 2025.
  • Production – BED‑1 (ARF) Wells: Average 87 barrels of oil per day (gross production).
  • Crude Oil Sales: Averaged 70 barrels of oil per day for the quarter.
  • Partner Search: Ongoing effort to secure an industry partner to accelerate further drilling at the BED‑1 field.
  • Petroleum Services Agreement: Progress with Egyptian National Petroleum for Exploration and Development Company on a definitive services agreement following approval for ARF reservoir development in the Southeast Ras Qattara concession.
  • Management Change – CFO: Doug Urch appointed Vice President & Chief Financial Officer, effective Jan 1 2026; will serve as Corporate Finance Manager starting Dec 1 2025 to ensure transition.
  • Outgoing CFO: Barry MacNeil’s term ends Dec 31 2025 after several years of service.
  • Executive Background – Doug Urch: CPA with 25+ years in energy finance; former EVP & CFO at PetroTal Corp., Bankers Petroleum Ltd., and Rally Energy Corp.

Notable Quotes

“On behalf of the Company, I would like to thank Barry for his many years of service and wish him every success in his future endeavors. I would also like to welcome Doug to TAG Oil and look forward to working together again following our previous successful collaboration at Bankers Petroleum in Albania and Rally Energy in Egypt.” – Abby Badwi, Executive Chairman & CEO

Materiality Assessment: Material – Neutral (interim financial and production data are material to investors, but the release does not indicate a positive or negative change beyond normal operational variance).

Read the original news release →

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Jun 16, 2026 · 09:01

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TAG Oil Lines Up Rig for BED-1, but SERQ Regulatory Snag Puts Brakes on Egypt Unconventional Vision

Production / Operations Apr 30, 2026 · 09:01

TAG Oil Reports FY25 Loss Reduction and Secures Funding Amidst Egypt Exploration

Production / Operations Apr 13, 2026 · 09:01

TAG Oil Confirms Funding but Production Slips as Egypt Drilling Plans Advance

Drill Results Feb 19, 2026 · 04:36

TAG Oil closes $11.5-million offering

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