TAG Oil Provides Corporate Update
TAG Oil (OTCQB: TAOIF) announced its participation in an upcoming open bid process for various blocks in Egypt through the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO). The bid process is expected to run through summer and close on August 31, 2025.
The company is particularly interested in a previously disclosed acquisition target in the Western Desert region, which would expand its acreage position and enhance its operational footprint for the unconventional Abu Roash "F" (ARF) oil resource play. CEO Abby Badwi emphasized the strategic importance of expanding the company's presence in Egypt.
TAG Oil (OTCQB: TAOIF) ha annunciato la sua partecipazione a un prossimo processo di gara aperta per diversi blocchi in Egitto, tramite la Egyptian National Petroleum for Exploration and Development Company (ENPEDCO). Il processo di gara 猫 previsto durare fino all'estate e si chiuder脿 il 31 agosto 2025.
L'azienda 猫 particolarmente interessata a un obiettivo di acquisizione gi脿 comunicato nella regione del Deserto Occidentale, che permetterebbe di ampliare la sua posizione di terreno e rafforzare la sua presenza operativa nel giacimento non convenzionale Abu Roash "F" (ARF). La CEO Abby Badwi ha sottolineato l'importanza strategica di espandere la presenza della societ脿 in Egitto.
TAG Oil (OTCQB: TAOIF) anunci贸 su participaci贸n en un pr贸ximo proceso de licitaci贸n abierta para varios bloques en Egipto a trav茅s de la Egyptian National Petroleum for Exploration and Development Company (ENPEDCO). Se espera que el proceso de licitaci贸n se extienda durante el verano y cierre el 31 de agosto de 2025.
La compa帽铆a est谩 particularmente interesada en un objetivo de adquisici贸n previamente divulgado en la regi贸n del Desierto Occidental, lo que ampliar铆a su posici贸n territorial y fortalecer铆a su presencia operativa en el recurso petrolero no convencional Abu Roash "F" (ARF). La CEO Abby Badwi destac贸 la importancia estrat茅gica de expandir la presencia de la empresa en Egipto.
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須岇偓電� 韸鬼瀳 靹滊秬 靷 歆�鞐棎靹� 鞚挫爠鞐� 瓿店皽霅� 鞚胳垬 雽�靸侅棎 甏�鞁潉 臧�歆�瓿� 鞛堨溂氅�, 鞚措ゼ 韱淀暣 韱犾 氤挫湢毳� 頇曤寑頃橁碃 牍勳爠韱奠爜 Abu Roash "F" (ARF) 鞙犾爠 鞛愳洂鞚� 鞖挫榿 氩旍渼毳� 雱擁瀽 瓿勴殟鞛呺媹雼�. CEO Abby Badwi電� 鞚挫韸� 雮� 須岇偓鞚� 鞛呾 頇曥灔鞚� 鞝勲灥鞝� 欷戩殧靹膘潉 臧曥“頄堨姷雼堧嫟.
TAG Oil (OTCQB : TAOIF) a annonc茅 sa participation 脿 un prochain appel d'offres ouvert pour plusieurs blocs en 脡gypte, via la Egyptian National Petroleum for Exploration and Development Company (ENPEDCO). Le processus d'appel d'offres devrait se d茅rouler durant l'茅t茅 et se cl么turer le 31 ao没t 2025.
L'entreprise s'int茅resse particuli猫rement 脿 une cible d'acquisition d茅j脿 communiqu茅e dans la r茅gion du d茅sert occidental, ce qui permettrait d'茅tendre sa superficie et de renforcer sa pr茅sence op茅rationnelle pour la ressource p茅troli猫re non conventionnelle Abu Roash 芦 F 禄 (ARF). La PDG Abby Badwi a soulign茅 l'importance strat茅gique d'茅largir la pr茅sence de la soci茅t茅 en 脡gypte.
TAG Oil (OTCQB: TAOIF) gab seine Teilnahme an einem bevorstehenden offenen Ausschreibungsverfahren f眉r verschiedene Bl枚cke in 脛gypten 眉ber die Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) bekannt. Das Ausschreibungsverfahren wird voraussichtlich den Sommer 眉ber laufen und am 31. August 2025 enden.
Das Unternehmen ist besonders an einem zuvor bekannt gegebenen 脺bernahmeziel in der Region der Westlichen W眉ste interessiert, was seine Fl盲chenposition erweitern und seine operative Pr盲senz im unkonventionellen Abu Roash "F" (ARF)-脰lvorkommen st盲rken w眉rde. CEO Abby Badwi betonte die strategische Bedeutung der Erweiterung der Unternehmenspr盲senz in 脛gypten.
- Potential expansion of acreage position in Egypt's Western Desert
- Strategic participation in ENPEDCO's open bid process
- Opportunity to enhance operational footprint in unconventional ARF oil resource play
- Bid outcome uncertainty
- Competitive bidding process with no guaranteed success
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2025) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") continues to look at expansion opportunities in both unconventional and conventional exploration and production assets in Egypt. As part of the initiative, the Company anticipates that it will be participating in a recently announced open bid for various blocks in Egypt by the Egyptian National Petroleum for Exploration and Development Company ("ENPEDCO"). The process will likely run through the summer and is expected to close on August 31, 2025.
This includes the previously disclosed acquisition target in the Western Desert, Egypt, which would significantly expand TAG Oil's acreage position and enhance its operational footprint in the region for the unconventional Abu Roash "F" (ARF) oil resource play.
"From the outset, TAG Oil has consistently emphasized the strategic importance for an expanded footprint in Egypt for our portfolio," said TAG Oil's CEO, Abby Badwi, "With the ENPEDCO process now underway, we are well-positioned to leverage our local expertise and technical readiness to present a compelling proposal."
The Company will continue to keep shareholders informed of any significant developments.
About TAG Oil Ltd.
TAG Oil () is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.
For further information:
Abdel (Abby) Badwi, Executive Chairman and CEO
Email: [email protected]
Website: LinkedIn:
X:
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the Company's plans relating to advancing core business operations.
TAG Oil provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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FAQ
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