TAG Oil Ltd (T:TAO)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 1710 - 1050 West Pender Street VANCOUVER BC V6E 3S7 |
| Tel: | N/A |
| Website: | https://www.tagoil.com |
| IR: | See website |
| Key People | ||
| Abdel F. Badwi Executive Chairman of the Board | Toby Pierce Chief Executive Officer, Director | Barry Macneil Chief Financial Officer | Suneel Gupta Chief Operating Officer, Vice President |
| Business Overview |
| TAG Oil Ltd. is a Canadian-based international oil and gas exploration company. The Company is focused on oil and gas exploration and development opportunities in the Middle East and North Africa (MENA). In the Western Desert of Egypt, it is developing the unconventional heavy oil Abu Roash F (ARF) formation in the Badr oil field (BED-1). It holds an interest in the Badr Oil Field (BED-1), a 26,000 acres concession located in the Western Desert, Egypt, through a Production Services Agreement (PSA) with Badr Petroleum Company (BPCO). It is focused on BED-1 the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of TAG's phase 1 development program of ARF reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its subsidiaries include TAG Energy International Ltd., TAG Petroleum Egypt Ltd. (Cyprus), TAG Petroleum Egypt Ltd. (Egypt Branch), TAG Oil (NZ) Limited, Trans-Orient Petroleum Ltd and others. |
| Financial Overview |
| For the six months ended 30 September 2023, TAG Oil Ltd revenues increased from C$0K to C$569K. Net loss totaled C$2.8M vs. income of C$348K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects General and administration increase of 71% to C$2.5M (expense), Foreign exchange gain (loss) increase from C$735K (income) to C$74K (expense). |
| Employees: | 8 as of Mar 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $82.29M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.57M as of Sep 30, 2023 |
| EBITDA (TTM): | -$8.40M as of Sep 30, 2023 |
| Net annual income (TTM): | -$6.13M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$20.71M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 184,662,792 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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