Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (August 2026)
15 slides from Tag Oil's investor presentation, August 2026
Slide 1: High-Value Opportunities in Egypt's Western Desert
TSXV : TAO | OTCQB : TAOIF HIGH-VALUE OPPORTUNITIES IN EGYPT’S WESTERN DESERT BED-1 and SERQ Concessions October 2024 August 2026 ©2026 TAG OIL Ltd., www.tagoil.com
Slide 2: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer TAG Oil Ltd. ("TAG", "TAG Oil" or the "Company") has adopted the standard of six thousand cubic feet of gas to equal one barrel of oil when converting natural gas to “boe," Certain information in this presentation may constitute “analogous information” as de
Slide 3: Company Overview and Asset Portfolio
Company Overview and Asset Portfolio TAG Oil Ltd. (TSX-V: TAO | OTCQB: TAOIF) is a Canadian international E&P company focused on unlocking high-value unconventional oil opportunities in Egypt BED-1 Concession – Egypt SERQ Concession – Egypt (award pending) 500+ million bbls OIIP (oil-initially in-pl
Slide 4: Egypt is an Attractive Energy Jurisdiction
Egypt is an Attractive Energy Jurisdiction ▪ Current production of ~525,000 BOPD (oil) and 4.0 BCF/D (gas) with government initiatives underway to increase output ▪ Improved fiscal terms and settlement of IOC (International Oil Company) receivables helping to attract new capital investments ▪ Govern
Slide 5: Unconventional Development of Oil and Gas Reservoirs
Unconventional Development of Oil and Gas Reservoirs The impact of unconventional oil and gas resources has been transformational for energy growth across the USA, Canada, Argentina, and other key producing regions ▪ Permian, USA - 20 billion barrels of oil and liquids and 16 TCF of natural gas, (US
Slide 6: BED-1 and SERQ Concessions
▪ BED-1 Concession covers 107 km2 (approx. 27,000 acres) in the Western Desert ▪ Concession originally held by Shell who produced and recovered significant reserves of light oil from conventional reservoirs below the ARF unconventional reservoir ▪ SERQ Concession (award pending) covers Cairo 2,000 k
Slide 7: Petroleum Service Agreements & Fiscal Terms
Petroleum Service Agreements & Fiscal Terms BED-1 Concession SERQ Concession (award pending) ▪ PSA signed with BPCO (EGPC subsidiary) in October 2022 ▪ Previous proposal to ENPEDCO to be resubmitted due to consolidation of their other acreages and ▪ Exclusive access and rights develop ARF formation
Slide 8: BED-1 Drilling Results
BED-1 Drilling Results T100 Well Vertical Pilot Hole BED1-7 Vertical Recompletion ▪ Well stimulated with a single 110-ton hydraulic fracture program ▪ Initial production stabilized at 140 BOPD of 23°API Oil ▪ Current production average is 30 BOPD ▪ Well has produced 31,000 barrels to date BED4-T100
Slide 9: BED-1 2026 / 2027 Drilling Plans
BED-1 2026 / 2027 Drilling Plans Company Estimate 12 months Production Profile • A new vertical drill is planned in Q3 - 2026 • The new vertical well located in high fracture area is T-200 expected to have high initial production estimate range BOPD/Month 500-600 BOPD 600 • A second vertical or hori
Slide 10: BED-1 ARF Tests and Drilling Update
BED-1 ARF Tests and Drilling Update Well: B 4-2 (V) Test: 3200 API: 22° T-200 Location Prod: 450 Cum: 462 Mstb Well: B 4-3 (H) Test: 1000 • Several wells penetrated and API: Prod: 22° 350 tested the ARF Cum: 165 Mstb Well:T-100 (H) • API Gravity 30°+ Test: 350 API: 23° Prod: 60 Well: B 9-15 (V) Cum:
Slide 11: BED-1 RPS 2022 Resource Report Highlights
BED-1 RPS 2022 Resource Report Highlights ▪ RPS estimates the ARF OIIP P50 volumes to be 531.5 million barrels over the BED-1 concession area. ▪ TAG Oil’s current Field Development Plan (“FDP”), consists of drilling 18-20 horizontal wells to be completed with multi-stage fracture stimulation. ▪ Dril
Slide 12: ARF BED-1 Concession Report Summary (February 2026)
ARF BED-1 CONCESSION REPORT SUMMARY – (FEBRUARY 2026) ▪ WD Von Goten Engineering (WDVGE) engaged by TAG Oil to provide an opinion on proposed vertical and horizontal well development with the BED-1 concession targeting the ARF formation ▪ Modeling was performed to evaluate the potential petrophysica
Slide 13: WDVGE Report – Horizontal Lateral 2,000 m Production Profile
WDVGE REPORT – HORIZONAL LATER 2,000 M PRODUCTION PROFILE WDVGE modelling suggests successful delineation of ARF reservoir could support a future horizontal development program capable of delivering attractive production rates and meaningful reserve growth. • Permeability nD 50 250 • 60-Day IP BOPD
Slide 14: TAG Oil: Advancing Operations and Unlocking Growth
TAG Oil: Advancing Operations and Unlocking Growth 1st AGREEMENT POSITIVE 2026 2026 SIGNED – BED-1 DRILLING RESULTS CAPITAL PRORAM GROWTH INITIATIVES October 2022 February 2023 February 2026 • Drill one well at Bed-1 and April 2024 completed equity • Continue efforts to attract partner financing to
Slide 15: Why TAG's Egypt Asset Offers Compelling Upside
Why TAG’s Egypt Asset Offers Compelling Upside 1 2 EXISTING 3 4 ACCESS TO LARGE INFRASTRUCTURE NEAR-TERM MARKET SUPPORTIVE SUPPORTS UNDEREXPLORED CATALYSTS INVESTMENT CLIMATE DEVELOPMENT RESOURCE OPPORTUNITY • Egypt is a proven oil and • ARF reservoir is an • Blocks are efficiently placed • T-200 we