Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Drill Results Routine +

TAG Oil Provides Update on Drilling Operations at BED-1 Concession, Egypt

TAG Oil Advances BED-1 Drilling Plan Amidst SERQ Regulatory Delays

By The Northwire Desk — AI Analysis Jun 16, 2026 · 09:01 TAO · 0.075 TAG Oil Ltd.
Executive Summary
  • TAG Oil announced the mobilization of the NDC-9 drilling rig to the Badr Oil Field (BED-1) in Egypt's Western Desert.
  • Drilling of the T-200 vertical well targeting the naturally fractured Abu Roash "F" formation is scheduled to commence by mid-July 2026.
  • The well has a planned total depth of approximately 4,250 meters, with drilling and completion expected to take around 60 days.
  • Site preparation and regulatory requirements are secured, marking a tangible step forward from previous announcements.
Material Impact
  • The announcement confirms the execution of a previously communicated drilling plan. The rig was secured in May 2026, and the mid-July start date aligns with prior guidance.
  • As an operational update, it does not introduce new financial metrics or unexpected commercial terms. It serves as a progress report on capital deployment.
  • The market has already priced in the financing and rig acquisition. The move to spud the well is a standard operational milestone rather than a fundamental re-rating event.
TAO · Price
Company Overview
  • TAG Oil is an exploration and production company focused on unconventional oil resources in Egypt's Western Desert.
  • Primary assets include the Badr Oil Field (BED-1) concession, targeting the Abu Roash "F" formation, and the Southeast Ras Qattara (SERQ) concession.
  • The company is in a pre-commercial pilot phase, relying on equity financing to fund appraisal drilling, fracture testing, and corporate operations.
  • Management is actively seeking industry partners to accelerate development and share capital burdens.
Read the original news release →

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May 29, 2026 · 09:01

TAG Oil Secures Cash Runway, Production Holds Steady Amidst SERQ Regulatory Delays

Earnings May 14, 2026 · 09:01

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

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Drill Results Feb 19, 2026 · 04:36

TAG Oil closes $11.5-million offering

Financings Feb 18, 2026 · 14:03

TAG Oil Announces Closing of $11.5 Million Offering, Including Full Exercise of the Over-Allotment Option, to Advance Unconventional Development Activities on Its Large Oil-In-Place Resource Play at BED-1 and SERQ Concessions, Egypt

Financings