Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (October 2024)
19 slides from Tag Oil's investor presentation, October 2024
Slide 1: Primed for Expansion
PRIMED FOR EXPANSION TSXV : TAO | OTCQX : TAOIF www.tagoil.com October 2024 Autumn 2024
Slide 2: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer TAG Oil Ltd. ("TAG“, “TAG Oil” or the "Com pany) has adopted the standard of six thousand cubic feet of gas to equal one barrel of oil when converting natural gas to “boe," which Exploration for hydrocarbons is a speculative venture necessarily involving sub
Slide 3: Corporate Profile
Corporate Profile • Canadian International E&P Company listed on TSX-V under the symbol TAO, and on OTCQX under the symbol TAOIF • Focused on oil and gas exploration and development opportunities in Middle East and North Africa (“MENA”) region • Basic shares o/s 185.1 million(1) ○ Stock Options o/s
Slide 4: Board of Directors - Executive and Independent
Board of Directors - Executive and Independent Abdel (Abby) Badwi Gavin Wilson Executive Chairman and Director, BSc Non-Executive Director, BA Proven oil & gas executive with over 45 Investment Manager for Meridian Group of years of experience of delivering Companies, a private investment company, w
Slide 5: Experienced Leadership Team - Operations and Finance
Experienced Leadership Team - Operations and Finance Suneel Gupta Gamal Rezk VP & Chief Operating Officer, BSc, MSc VP & General Manager, Egypt Senior executive in the international oil & gas 24 years of oil & gas experience working with industry with over 30 years experience in operations, internat
Slide 6: Foundation for Growth
Foundation for Growth NEW FOCUS 01 Following return of capital to shareholders and retaining a Working Capital(1) • $7.7 million in cash with no debt strong balance sheet in 2019, TAG Oil embarks on a • $7.3 million in working capital strategic initiative in September 2020 to acquire oil and gas ass
Slide 7: Track Record
Track Record Management has a successful track record of delivering value to shareholders: TAG Oil Toby Pierce as CEO (2015 to present) completed the sale of New Zealand and New Zealand and Australia Australian assets and return of capital to shareholders of $25.6 million in 2020 Kuwait Energy Banke
Slide 8: Egypt
Egypt • Egypt is a democratic republic, its geography, population and history, have made it a highly influential country in the region • The largest Arab country and has played a central role in Middle Eastern politics in modern times • It has the largest and most diversified economies in the Middle
Slide 9: Egypt Oil & Gas Fields - BED-1
Egypt Oil & Gas Fields - BED-1 Signed a Petroleum Services Agreement with Badr Petroleum Company (“BPCO”), a wholly owned subsidiary of EGPC, on October 13, 2022, to develop Abu Roash “F” (“ARF”) unconventional formation in BED-1, a 107 km2 (26,000 acres) concession located in the Western Desert, Eg
Slide 10: BED-1 Petroleum Services Agreement
BED-1 Petroleum Services Agreement Concession History BED-1 concession was previously held by Shell and produced more that 90 million Phase 1 Evaluation Period, which is bbl(1) of light oil from formations below the ARF. Shell surrendered BED-1 in 2012 and considered as a pilot development the field
Slide 11: Comparison Summary of BED-1 ARF in Egypt and Eagle Ford in Texas
Comparison Summary of BED-1 ARF in Egypt and Eagle Ford in Texas(1) Key Comparisons: • Water saturation for ARF in BED-1 is much lower than in • Depositional environments is similar as well as age of deposition Eagle Ford • Less shale content BED-1 ARF suggesting it is more brittle than • Total Orga
Slide 12: Eagle Ford Oil Type Well vs. BED4-T100
Eagle Ford Oil Type Well vs. BED4-T100 • As of April 2023, there has been over 27,000 horizontal wells drilled in the Eagle Ford formation (gas and oil) • Of these wells, there are about 93% still on production • In 2023, 33 more horizontal Eagle Ford wells were spud per month • At current T100 rate
Slide 13: BED-1 Concession - Phase 1 Activity
BED-1 Concession - Phase 1 Activity • BED 1-7 Vertical Recompletion was completed in May 2023 • BED4-T100 Horizontal Well drilling commenced in August 2023, reaching a depth of 3,547 meters with a 308-meter lateral in the ARF by March 2024, followed by successful completion of twelve (12) hydraulic
Slide 14: BED 1-7 Re-completion - Proof of Concept
BED 1-7 Re-completion - Proof of Concept • Successful re-entry of an existing vertical well with open-hole completion in the ARF • First step to establish oil production from the ARF formation • Perforated and conducted Diagnostic Fracture Injectivity Test (DFIT) of the ARF BED 1-7 • Conducted a sin
Slide 15: BED4-T100 Horizontal Well
BED4-T100 Horizontal Well ARF Lateral Section • The 308 meters of ARF lateral section penetrated an over-pressured reservoir with regions of exceptional porosity and permeability with clear signs of free oil flowing into the wellbore and to surface with elevated gas readings across the zone • The la
Slide 16: BED4-T100 Fracture Treatment and Production Operations
BED4-T100 Fracture Treatment and Production Operations Frac Equipment at T100 site • Successfully completed lateral section with hydraulic fracture stimulation of twelve (12) stages spaced approximately 25 meters apart • Hydraulic fracture treatment included slick-water at up to 10,000 pounds pressu
Slide 17: Reserves Summary Highlights - BED-1
Reserves Summary Highlights - BED-1 • RPS estimates the ARF OIIP P50 Volumes to be 531.5 million barrels over • Estimate recovery of approximately 15% in the East Central the BED-1 concession area. The discovered OIIP in the ARF is imaged by 3D part of the concession seismic coverage, significant we
Slide 18: Egypt and Broader MENA Region Acquisition Opportunities
Egypt and Broader MENA Region Acquisition Opportunities TAG Oil continues to evaluate new acquisitions and joint venture opportunities primarily in Egypt and the broader MENA region, with the aim of expanding and identifying suitable additions to the Company's portfolio. TSXV : TAO | OTCQX : TAOIF 1
Slide 19: info@tagoil.com
info@tagoil.com 1-604-682-6496 TSXV : TAO | OTCQX : TAOIF Suite 1710, 1050 West Pender Street www.tagoil.com Vancouver, B.C V6E 3S7 Canada