Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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

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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