VANCOUVER, BC, April 29,
2024 /CNW/ - TAG Oil Ltd. (TSXV:
TAO) (OTCQX: TAOIF) and (FSE: TOP) ("TAG
Oil" or the "Company") is pleased to report the filing
of its financial results for the fiscal year ending December 31, 2023. A copy of TAG Oil's financial
statements, management discussion and analysis, and annual
information form for its most recently completed financial year are
available on SEDAR+ (www.sedarplus.ca) and on the Company's website
(http://www.tagoil.com/).
Highlights over the period include that the Company had
C$16.4 million (March 31, 2023: C$19.5
million) in cash and cash equivalents and C$12.2 million (March 31,
2023: C$21.6 million) in
working capital and has no debt. TAG Oil continues to manage
its costs and allocate the necessary resources towards its business
development efforts in Egypt and
other areas in the Middle East and
North Africa region.
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.
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 news release that are not
historical facts are forward-looking statements that involve
various risks and uncertainty affecting the business of TAG Oil.
All estimates and statements that describe the Company's operations
are forward-looking statements under applicable securities laws and
necessarily involve risks and uncertainties. Actual results may
vary materially from the information provided in this release, and
there is no representation by TAG Oil that the actual results
realized in the future will be the same in whole or in part as
those presented herein. TAG Oil undertakes no obligation, except as
otherwise required by law, to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors change.
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SOURCE TAG Oil Ltd.