Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (March 2026)
17 slides from Tag Oil's investor presentation, March 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 March 2026 ©2025 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 "Com pany") has ado pte d the stan dard of six thousand cubic feet of gas to equ al one bar rel of oil when converting natura l gas to “bo e," Certain information in this pre sen tation may constitute “an alogou s inform
Slide 3: Company Overview
Company Overview TAG Oil Ltd. (TSX-V: TAO | OTCQB: TAOIF) is a Canadian international E&P company focused on developing high-value opportunities in Egypt through the application of enhanced oil recovery techniques and development expertise. BED-1 Concession – Egypt SERQ Concession - Egypt • Strategy
Slide 4: Egypt is an Attractive Energy Jurisdiction
Egypt is an Attractive Energy Jurisdiction ▪ Egypt is a democratic republic, and its geography, population and history have made it a highly influential country in the MENA region ▪ In 2025, Egypt’s oil production was 630,000 BOPD and gas production was 5.0 BCF/D. Total 1.4 BOEPD ▪ Plans underway fo
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 in the Western Desert
▪ 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 Abu Roash F (ARF) unconventional reservoir ▪ SERQ Concession covers 2,000 km2 (appr
Slide 7: Petroleum Service Agreements & Fiscal Terms
Petroleum Service Agreements & Fiscal Terms BED-1 Concession SERQ Concession ▪ On October 13, 2022, TAG signed a PSA with ▪ On October 30, 2025, TAG received approval to enter BPCO, a wholly owned subsidiary of EGPC, into a PSA with ENPEDCO, obtaining exclusive obtaining exclusive access and rights
Slide 8: 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: B 9-15 (V) Test: NA API: 32° Well: T-100 (H) Test: 350 API: 22° Prod: 60 Well: B 4-3 (H) Cum.Prod: 40 Mstb Test: 1000 API: 22° Prod: 350 Cum.Prod: 165 Mstb Well Location Well: B 11-2 (V)
Slide 9: BED-1 Drilling Results
BED-1 Drilling Results T100 Well Vertical Pilot Hole BED1-7 Vertical Recompletion ▪ Well was stimulated with a single 110-ton hydraulic fracture program ▪ Initial well production stabilized at 140 BOPD of 23°API oil ▪ Current production average is 40 BOPD ▪ Well has produced 22,000 barrels to date B
Slide 10: 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 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 ▪ Drilling
Slide 12: BED-1 2026 / 2027 Drilling Plans
BED-1 2026 / 2027 Drilling Plans • A new vertical drill is planned in Q2 - 2026 • The new vertical well located in high fracture area is expected to have high initial production estimate range 400-600 BOPD • A second vertical or horizontal drill is planned for Q1 - 2027 and will incorporate the lear
Slide 13: SERQ Asset Summary
SERQ Asset Summary ▪ Total area is 2,000 km² ▪ Concession is split into two main blocks, and each block has several Development Lease Agreements (20-year terms) ▪ Contains multiple proven conventional reservoirs BADR-1 concession Block C ▪ Extensive existing subsurface data, including full Block A 3
Slide 14: SERQ Block C: ARF Potential
SERQ Block C: ARF Potential Block C SERQ Well Log Watania-3 Watania-2 Priority AEB exploration 15 00m H z BED4-7 Well Log ARF development Watania-7 Watania-1 Watania-5 Watani a-4 PetroShahd AEB field ARF oil pay on logs ARF key data well Concession wellbore BAH/AEB exploration ARF initial developmen
Slide 15: SERQ Volumetric Assessment Report Highlights
SERQ Volumetric Assessment Report Highlights ▪ Independent assessment of volumetric estimates of the AFR in SERQ was prepared by Fracture Modelling Inc (FracMod) in November 2024 ▪ FracMod’s preliminary estimates suggest the ARF formation may contain approximately 3.2 billion barrels of OIIP, based
Slide 16: TAG Oil: Advancing Operations and Unlocking Growth
TAG Oil: Advancing Operations and Unlocking Growth 1st AGREEMENT POSITIVE 2nd ACQUISITION 2026 SIGNED – BED-1 DRILLING RESULTS AWARD - SERQ CAPITAL PRORAM October 2022 February 2023 October 2025 February 2026 and April 2024 Complete Equity Financing To fund 2026 CAPEX 2026 CAPITAL PROGRAM IN US$ 1)
Slide 17: 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