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TAG Oil Provides Financial Results and Operating Updates for First Half 2026 Vancouver , British Columbia -- ( Newsfile Corp. - August 27 , 2026 ) - TAG Oil Ltd. ( TSXV : TAO ) ( OTCQB : TAOIF ) ( FSE : TOP ) ( " TAG Oil " or the " Company " ) is pleased to report the filing of its financial results for the six - month period ending June 30 , 2026. A copy of TAG Oil's financial statements , and management discussion and analysis for the period ending June 30 , 2026 , are available on SEDAR + ( www.sedarplus.ca ) and on the Company's website ( http://www.tagoil.com/ ) . On June 30 , 2026 , the Company had C $ 10.4 million in cash and cash equivalent and C $ 10.3 million in working capital . The Company has no debt . During the three months ending June 30 , 2026 , both Badr Oil Field ( " BED - 1 " ) wells produced an average of 66 barrels of oil per day ( 1 ) . Crude oil sales delivered from BED - 1 for the same period was 53 barrels of oil per day . Subsequent to June 30 , 2026 , the Company commenced drilling the T - 200 well on August 6 , 2026. This 4,250 meter vertical well is targeting the Abu Roash " F " ( " ARF " ) formation , a naturally fractured reservoir at this location at BED - 1 . Drilling and completion operations are scheduled to be completed by September 30 , 2026 , with well test results available shortly thereafter . To date , there have been extended delays , beyond TAG Oil's control , of including additional exploration blocks into the Southeast Ras Qattara concession . This has in turn delayed TAG Oil's commitment to resubmit its previously agreed proposal following enactment of a new law amending the concession terms . In the meantime , the Company is pursuing other open - acreage opportunities in the Western Desert that are prospective for the unconventional ARF formation . TAG Oil will provide progress updates on both fronts as appropriate . About TAG Oil Ltd. TAG Oil ( http://www.tagoil.com/ ) 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 : info@tagoil.com Website : http://www.tagoil.com/ LinkedIn : https://www.linkedin.com/company/tag-oil-ltd X : https://twitter.com/tagoilltd 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 Statements contained in this release that are not historical facts are forward - looking statements that involve various risks and uncertainty affecting the business of TAG Oil . Forward - looking statements in this release include , but are not limited to , statements regarding the anticipated completion of drilling and completion operations at the T - 200 well by September 30 , 2026 , the timing of availability of related well test results , and TAG Oil's plans to resubmit its proposal for the inclusion of additional exploration blocks into the Southeast Ras Qattara concession . Forward - looking statements are often , but not always , identified by the use of words such as " anticipates " , " believes " , " estimates " , " expects " ,