TAG Oil Ltd · TSXV:TAO
TAG Oil — Investor Presentation (November 2022)
17 slides from TAG Oil's investor presentation, November 2022
Slide 1: Egyptian Operator Primed for Growth
Egyptian Operator Primed for Growth TSXV : TAO | OTCQX : TAOIF November 2022 ©2022 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," which may be misleading, particularly if used in isolation. A boe conversion ratio of
Slide 3: Highlights
HIGHLIGHTS ! Canadian Energy Company Listed on TSX-V: TAO.V ! Officers: – Abby Badwi – Executive Chairman – Toby Pierce – CEO and Director – Suneel Gupta – COO – Gamal Rezk – General Manager Egypt ! Directors: – Thomas Hickey – Head of Corporate Legal for Roquette Frères – Keith Hill – CEO of Africa
Slide 4: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM Abby Badwi Gavin Wilson Executive Chairman, BSc Director, BA Proven oil & gas executive with over 45 years of Investment Manager for Meridian Group of experience of delivering outstanding returns for Companies, a private investment Company. Over shareholders 25 years of o
Slide 5: Track Record
TRACK RECORD ! Management has a successful track record of delivering value to shareholders: – TAG Oil (New Zealand and Australia), Toby Pierce as CEO (2015 to present) completed the sale of New Zealand and Australian assets and return of capital to shareholders of $25.6 million in 2020 – Kuwait Ene
Slide 6: Foundation for Growth
FOUNDATION FOR GROWTH ! Working Capital(1) ! Egypt – $9.2 million(1) in cash with no debt – Signed a petroleum services agreement with – $11.4 million(1) in working capital Badr Petroleum Company on October 13, 2022 to develop Abu Roash “F” (“ARF”) formation in the – $25.3 million additional gross p
Slide 7: Capitalization Table and Use of Proceeds from Financing
CAPITALIZATION TABLE USE OF PROCEEDS FROM FINANCING ($C Millions, except per share figures) TSXV: TAO Amount Basic Shares Outstanding(1) 155.0 Operational and Drilling Budget for Fourth Quarter 2022 and 2023 (comprised of well re- $18,500,000 In-The-Money Options(2) 7.5 activations and exploration w
Slide 8: Strategy and Vision
STRATEGY AND VISION ! Driven by strong supply / demand fundamentals, oil prices have increased sharply post pandemic ! Focus on sourcing E&P acquisitions of international opportunities in Egypt and the Middle East / North Africa (MENA) Region ! Acquisition to be funded primarily out of existing cash
Slide 9: Egypt
EGYPT ! Egypt is a democratic republic, its geography, population and history, have made it a highly influential country in the region ! Is the largest Arab country and has played a central role in Middle Eastern politics in modern times ! It has the largest and most diversified economies in the Mid
Slide 10: Egypt Oil & Gas Fields - BED-1
EGYPT OIL & GAS FIELDS - BED-1 ©2022 TAG OIL Ltd., www.tagoil.com 10
Slide 11: BED-1 Petroleum Services Agreement
BED-1 PETROLEUM SERVICES AGREEMENT ! Concession term until 2032 with a 10-year extension BED 1-7 Thick 40 meters ! Badr Petroleum Company to pay the Company a service fee as a ARF Formation percentage of gross Production Revenue Entitlement to compensate the Company for assuming 100% of the capital
Slide 12: Comparison Summary of BED-1 ARF in Egypt with Eagle Ford in Texas
Comparison Summary of BED-1 ARF in Egypt with Eagle Ford in Texas Avg Avg Avg Avg Avg Asset Location Formation Age Depth Thickness Porosity Avg Perm Sw TOC Pressure Temp Oil Quality Lithology Environment Organic dolomitic Shallow BED-1 Early Nanodarcy Egypt ARF 10,000' 130 - 165' 5-9% 5% 2.30% 6,200
Slide 13: Reserves Summary Highlights - BED-1
RESERVES SUMMARY HIGHLIGHTS - BED-1 ! RPS estimates the ARF OIIP P50 Volumes to be 531.5 ! RPS best estimate for Contingent Resources volumes (2C million barrels over the BED-1 concession area and Development Pending) is 27.0 million barrels gross with Mean Volumes to be 536.6 million barrels. The 1
Slide 14: Reserves Summary Highlights - New Zealand
RESERVES SUMMARY HIGHLIGHTS - NEW ZEALAND ! Independent reserves report associated with TAG’s royalty interests within Petroleum Mining Permit (“PMP”) 38156 (Cheal A/B), PMP 60291 (Cheal E) and PMP 53803 (Sidewinder) (collectively the “Permits”), onshore New Zealand, dated November 7, 2022, prepared
Slide 15: Egypt and Gulf Area Acquisition Opportunities
EGYPT AND GULF AREA ACQUISITION OPPORTUNITIES D E SLI INE R EF ! TAG has been and continues to evaluate new acquisitions and joint venture opportunities in Egypt and the Arabian Gulf area, specifically Bahrain and Oman in order to expand and find the right fit for the Company’s portfolio ©2022 TAG O
Slide 16: Why TAG Oil?
WHY TAG OIL? ! Experienced exploration, development and operations team ! Strategic holdings in stable, secure country with very good fiscal terms ! Targeting long life production with potential resources upside ! 100% working interest and operatorship ! Pursuing other opportunities in Egypt and the
Slide 17: Chris Beltgens
TSXV : TAO | OTCQX : TAOIF Chris Beltgens VP, Corporate Development [email protected] 1-604-282-6372 Suite 1710, 1050 West Pender Street Vancouver, BC V6E 3S7, Canada www.tagoil.com ©2022 TAG OIL Ltd., www.tagoil.com 17