Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (October 2025)
18 slides from Tag Oil's investor presentation, October 2025
Slide 1: High-Value Opportunities in Egypt's Western Desert
TSXV : TAO | OTCQX : TAOIF HIGH-VALUE OPPORTUNITIES IN EGYPT’S WESTERN DESERT BED-1 and SERQ Concessions October 2024 October 2025 ©2025 TAG OIL Ltd., www.tagoil.com
Slide 2: Company Overview
COMPANY OVERVIEW TAG Oil Ltd. (TSX-V: TAO | OTCQX: TAOIF) is a Canadian international E&P company focused on developing high-value opportunities in Egypt through the application of advanced enhanced oil recovery and development expertise. BED-1 Concession - Egypt SERQ Concession Acquisition - Egypt
Slide 3: Egypt is an Attractive Energy Jurisdiction
Egypt is an Attractive Energy Jurisdiction ▪ Egypt is a democratic republic, its geography, population and history, have made it a highly influential country in the MENA region ▪ Oil and gas, mining, agriculture, manufacturing, the Suez Canal, tourism and textile industry are the major contributors
Slide 4: 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. ▪ The Permian, USA - 20 billion barrels of oil and liquids and 16 TCF of natural gas
Slide 5: BED-1 & SERQ Concessions, Egypt
BED-1 & SERQ Concessions, Egypt ▪ BED-1 Concession covers 107 km2 (approx. 27,000 acres) in the Western Desert ▪ The concession was held by Shell, produced at 16,000 BOPD peak production and recovered approx. 90 million barrels of light oil from formations below the ARF Block C ▪ SERQ Concession cov
Slide 6: Petroleum Service Agreements & Fiscal Term
Petroleum Service Agreements & Fiscal Term BED-1 Concession SERQ Concession ▪ On October 13, 2022, TAG signed a PSA with Badr ▪ On October 30, 2025, TAG signed a PSA with Egyptian Petroleum Company (“BPCO”), a wholly owned National Petroleum Exploration and Development subsidiary of EGPC, obtaining
Slide 7: BED-1 ARF Test and Production History
BED-1 ARF Test and Production History Well: B 4-2 (V) Test: 3200 API: 22° Prod rate: 450 Cum.Prod: 462 Mstb Well: T-100 (H) Well: B 9-15 (V) Test: Test: NA API: 22° API: 32° Prod: 100 Prod: 0 Cum.Prod: 35 Mstb Cum.Prod: 0 Well: B 4-3 (H) Test: 1000 API: 22° Well: B 1-7 (V) Prod: 350 Test: 450 Cum.Pr
Slide 8: Bed-1 Drilling Results
Bed-1 Drilling Results BED1-7 re-entry of existing vertical well - April 2023 T-100 Well Vertical Pilot Hole ▪ The well was stimulated with a single 110-ton hydraulic fracture program ▪ The initial well production stabilized at 140 bopd of 23°API Oil. Current production average 40 bopd ▪ The well ha
Slide 9: Egypt's ARF: An Analog to the U.S. Permian Eagle Ford Play
Egypt’s ARF: An Analog to the U.S. Permian Eagle Ford Play Eagle Ford (Type) T100 Avg length (meters) 2286m 308m Avg proppant / well 16,000,000 lbs 1,035,000 lbs Avg proppant / meter 7,000 lbs/m 3,360 lbs/m 60 day IP / meter 740 bopd = 0.32 bbl/m ~250 bopd = .8 bbl/m 12 month cum (bbls) 200,000 bbl
Slide 10: BED-1 2026 Drilling Plans
BED-1 2026 Drilling Plans • A new vertical drill to be cored and with fracture stimulation Activity Locations and Cost Overview is planned in Q1 - 2026 • The new vertical well located in high fracture area is expected to have high initial production range 400-600 bopd • A second vertical or horizont
Slide 11: BED-1 RPS 2022 Resources Report Highlights
BED-1 RPS 2022 Resources 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”), consisting of drilling 18-20 horizontal wells to be completed with multi-stage fracture stimulation, is f
Slide 12: BED-1 Future Development Plan
BED-1 Future Development Plan ARF Vertical Appraisal well ARF Unconventional HZ well ARF conventional HZ well ©2025 TAG OIL Ltd., www.tagoil.com 12
Slide 13: SERQ Asset Summary
SERQ Asset Summary ▪ Total area is 2000 Km² ▪ Concession is split into two main blocks; each block has several Development Lease Agreements (20-year terms). ▪ Contains multiple proven conventional reservoirs ▪ The area is covered by 2D & 3D BADR-1 concession Block C ▪ Inactive wellbores recently dri
Slide 14: SERQ Block C: ARF Potential
SERQ Block C: ARF Potential Block C SERQ Well Log Watania-3 Watania-2 150 0m Hz Priority AEB exploration ARF development BED4-7 Well Log Watania-7 Watania-1 Watania-5 Watania-4 PetroShahd AEB field ARF oil pay on logs ARF key data well Concession wellbore BAH/AEB exploration ARF initial development
Slide 15: SERQ Test and Production History
SERQ Test and Production History Defined Plan to Unlock SERQ’s Evaluation Phase of Growth Future Program: ▪ ARF DFIT Test $500K ▪ 1 New Well $2.5MM Total Commitment: ▪ 2 Year ▪ $3.0MM ©2025 TAG OIL Ltd., www.tagoil.com 15
Slide 16: SERQ Block A - ARF Exploration Upside
SERQ Block A - ARF Exploration Upside WD-19-2 ARF ▪ Two new wells were drilled in 2021 in this area targeting the higher structure in the ARF. ▪ The one well was drilled just off the crest of the structural high and produced 30 bopd of 15°API gravity. ▪ The well has excellent porosity and low water
Slide 17: TAG Oil: Advancing Operations and Unlocking Growth
TAG Oil: Advancing Operations and Unlocking Growth Conventional Oil Production and Unlocking the Vast Potential of the Abu Roash “F” (ARF) Formation 2026 1st AGREEMENT POSITIVE FIRST HORIZONTAL 2nd ACQUISITION CAPITAL SIGNED – BED-1 DRILLING RESULTS MULTI-STAGE FRAC AWARD - SERQ PROGRAM October 2022
Slide 18: Egypt and the ARF
EGYPT and the ARF TAG Oil is Well Positioned to Create Significant Value 1 2 3 4 AFRICA IS EGYPT’S ARF BLOCKS ARE TAG OIL CURRENTLY A HAS HIGH-VALUE EFFICIENTLY POTENTIAL HOTBED FOR OIL & RESERVOIR PLACED FOR GROWTH HORIZON GAS INVESTMENTS POTENTIAL PRODUCTION IS OPTIMISTIC WHY EGYPT? WHY ARF? WELL