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TAG Oil ( (TSE:TAO) ) has provided an update.
TAG Oil Ltd. has reported its financial results for the quarter ending June 30, 2025, showing an increase in cash and cash equivalents to C$5.3 million and maintaining a working capital of C$4.9 million, with no debt. The company produced an average of 110 barrels of oil per day from its Badr Oil Field wells, with sales averaging 91 barrels per day. TAG Oil is actively participating in a bid for strategic asset acquisition in Egypt and is seeking industry partners to accelerate drilling efforts at the BED-1 field, with expressions of interest due by September 30, 2025.
Spark’s Take on TSE:TAO Stock
According to Spark, TipRanks’ AI Analyst, TSE:TAO is a Underperform.
TAG Oil’s overall stock score is low, primarily due to significant financial challenges, including negative profitability and cash flow issues. While technical indicators offer some neutral signals, the negative valuation metrics further weigh down the score, reflecting a cautious outlook for investors.
To see Spark’s full report on TSE:TAO stock, click here.
More about TAG Oil
TAG Oil is a Canadian-based international oil and gas exploration company focusing on operations and opportunities in the Middle East and North Africa.
Average Trading Volume: 292,036
Technical Sentiment Signal: Sell
Current Market Cap: C$33.97M
Learn more about TAO stock on TipRanks’ Stock Analysis page.