Tag Oil Ltd · TSXV:TAO
Tag Oil — Investor Presentation (October 2026)
16 slides from Tag Oil's investor presentation, October 2026
Slide 1: Validating High-Value Opportunities in Egypt's Western Desert
TSXV : TAO | OTCQB : TAOIF VALIDATING HIGH-VALUE OPPORTUNITIES IN EGYPT’S WESTERN DESERT October 2024 October 2026 ©2026 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 "Company") has adopted the standard of six thousand cubic feet of gas to equal one barrel of oil when converting natural gas to “boe," Certain information in this presentation may constitute “analogous information” as de
Slide 3: BED-1 Concession, Egypt
BED-1 Concession, Egypt TAG Oil Ltd. (TSX-V: TAO | OTCQB: TAOIF) is a Canadian international E&P company focused on unlocking high-value unconventional oil opportunities in Egypt ▪ BED-1 Concession covers 107 km2 (approx. 27,000 acres) in the Western Desert ▪ The concession was previously held by Sh
Slide 4: Egypt is an Attractive Energy Jurisdiction
Egypt is an Attractive Energy Jurisdiction ▪ Current production of ~525,000 BOPD (oil) and 4.0 BCF/D (gas) with government initiatives underway to increase output ▪ Improved fiscal terms and settlement of IOC (International Oil Company) receivables helping to attract new capital investments ▪ Govern
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: Petroleum Service Agreements & Fiscal Terms
Petroleum Service Agreements & Fiscal Terms BED-1 Concession 500+ million bbls OIIP (oil-initially in-place) ▪ PSA signed with BPCO (EGPC subsidiary) in October 2022 ▪ Feb 2023 - Re-completion of BED1-7 with ▪ Exclusive access and rights to develop the ARF formation hydraulic fracture at BED-1 field
Slide 7: BED-1 ARF Tests and Production History
BED-1 ARF Tests and Production History Well: B 4-2 (V) Test: 3200 API: 22° T-200 Location Prod: 450 Cum: 462 Mstb Well: B 4-3 (H) ▪ Several wells penetrated and Test: API: 1000 22° tested the ARF at BED-1 Prod: Cum: 350 165 Mstb ▪ B4-2 and B11-2 key wells Well:T-100 (H) analog Test: 350 ▪ Bed-1 and
Slide 8: 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. ▪ Dril
Slide 9: ARF BED-1 Concession Report Summary (February 2026)
ARF BED-1 CONCESSION REPORT SUMMARY – (FEBRUARY 2026) ▪ WD Von Goten Engineering (WDVGE) engaged by TAG Oil to provide an opinion on proposed vertical and horizontal well development with the BED-1 concession targeting the ARF formation. ▪ Modeling was performed to evaluate the potential petrophysic
Slide 10: WDVGE Report – Horizontal Lateral 2,000 m Production Profile
WDVGE REPORT – HORIZONAL LATER 2,000 M PRODUCTION PROFILE WDVGE modelling suggests successful delineation of ARF reservoir could support a future horizontal development program capable of delivering attractive production rates and meaningful reserve growth. • Permeability nD 50 250 • 60-Day IP BOPD
Slide 11: BED-1 – ARF Fracture Intensity & Maturity Maps
BED-1 – ARF Fracture Intensity & Maturity Maps The ARF is an organic-rich source rock. Vitrinite Reflection over the entire BED- Yellow and Light Blue are fracture intensity. 1 concession is between 0.5 to 1.0 is T-200 location Faults are Grey. within the Oil Generation window. ©2025 TAG OIL Ltd., w
Slide 12: T-100 and T-200 ARF Log Comparison
T-100 and T-200 ARF Log Comparison T-100 Well ARF Log T-200 Well LWD (Log While Drilling) ➢ Gross pay section 58 meters ➢ Average porosity 8% up to 10% ➢ Oil shows and high gas readings ➢ Sweet spot 4126 to 4140 (14 metres for follow-up horizonal drilling) ©2025 TAG OIL Ltd., www.tagoil.com 12
Slide 13: T-200 ARF Production Testing and Anticipated Results
T-200 ARF Production Testing and Anticipated Results Company Estimate 12 months Production Profile • Phase 1 drilling and completion completed mid- October with restricted flow believed to be due T-200 to near-wellbore formation damage BOPD/Month 600 • Phase 2 in late Oct/early Nov for acid stimulat
Slide 14: Future Locations 2027 & 2028
Future Locations 2027 & 2028 T200 T500 T400 & T500 Horizontals T400 T200 T300 Vertical well (11-2) T300 ©2025 TAG OIL Ltd., www.tagoil.com
Slide 15: 2027 Drilling Plans and Next Steps
2027 Drilling Plans and Next steps (to be updated) 2027 Capital Program ▪ T-300 vertical well in Q1-2027 offset existing well B11-1 ▪ T-400 (1,000) horizontal well in Q3-2027 to intersect natural fractures (no frac) ▪ T-500 (300m) horizontal in Q1-2028 ▪ Program funding requirements US$5MM, self-fun
Slide 16: Why TAG's Egypt Asset Offers Compelling Upside
Why TAG’s Egypt Asset Offers Compelling Upside 1 2 EXISTING 3 4 ACCESS TO LARGE INFRASTRUCTURE NEAR-TERM MARKET SUPPORTIVE SUPPORTS UNDEREXPLORED CATALYSTS INVESTMENT CLIMATE DEVELOPMENT RESOURCE OPPORTUNITY • Egypt is a proven oil and • ARF reservoir is an • T-200 well oil well test gas jurisdictio