Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (January 2026)
16 slides from Tag Oil's investor presentation, January 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 January 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 "Compa ny) 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," which Explor atio n for hydrocarb ons is a speculative venture necessarily in
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 advanced enhanced oil recovery and development expertise. BED-1 Concession – Egypt SERQ Concession - Egypt • TAG Oil is
Slide 4: 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 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, (U
Slide 6: 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 and recovered significant reserves of light oil from conventional reservoirs below the Abu Roash F (ARF) unconventional reservoir Block C ▪ SERQ
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 access obtaining exclusive access and
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: 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 9: BED-1 Drilling Results
BED-1 Drilling Results BED1-7 Vertical Recompletion T100 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 30 BOPD ▪ The well has produced 19,000 barrels t
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 2026
BED-1 2026 • A new vertical drill to be cored and with fracture stimulation Activity Locations and Cost Overview is planned in Q2 - 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 horizontal drill is pla
Slide 12: 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”), consisting of drilling 18-20 horizontal wells to be completed with multi-stage fracture stimulation, is fo
Slide 13: SERQ Asset Summary
SERQ Asset Summary ▪ Total area is 2,000 km² ▪ Concession is split into two main blocks; each block has several Development Lease Agreements (20-year terms) ▪ Contains multiple proven conventional reservoirs ▪ Extensive existing subsurface data, including full 3D seismic coverage and several existin
Slide 14: SERQ Block C: ARF Potential
SERQ Block C: ARF Potential Block C SERQ Well Log Watania-3 Watania-2 15 00m H z 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 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, base
Slide 16: TAG Oil: Advancing Operations and Unlocking Growth
TAG Oil: Advancing Operations and Unlocking Growth 1st AGREEMENT POSITIVE 2nd ACQUISITION 2026 TAG OIL GROWTH SIGNED – BED-1 DRILLING RESULTS AWARD - SERQ CAPITAL PRORAM HORIZON IS OPTIMISTIC GTAG OIL GROWTH February 2023 HORIZON IS October 2022 October 2025 Start March 2026 CATALYSTS and April 2024