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TAG Oil Ltd (TAO) investor relations material
TAG Oil Ltd Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Report covers unaudited results for the three months ended March 31, 2025, with a focus on oil and gas exploration in the Middle East and North Africa.
Financial statements prepared on a going concern basis, but material uncertainties exist regarding future funding.
Financial highlights
Net loss of $2,297 thousand for Q1 2025, compared to $783 thousand in Q1 2024.
Revenue from oil sales was $325 thousand for Q1 2025.
Cash and cash equivalents decreased to $3,152 thousand at March 31, 2025, from $6,574 thousand at December 31, 2024.
Working capital at March 31, 2025, was $5.0 million.
Share capital increased to $262,441 thousand due to share issuance for an employment severance package.
Outlook and guidance
Ability to continue as a going concern depends on generating positive cash flow or securing additional financing.
Management is monitoring economic and industry conditions and may consider equity or debt financing if needed.
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