TAG Oil (TAO) Q1 2026 earnings summary

Executive summary

• Reported interim financial results for the period ending March 31, 2026, highlighting operational progress and financial position.

• Focused on disciplined execution of field development and evaluating growth opportunities in Egypt.

Financial highlights

• Cash balance increased to C$11.5 million as of March 31, 2026, up from C$2.5 million on December 31, 2025.

• Working capital rose to C$11.3 million from C$1.9 million sequentially.

• Completed C$11.5 million equity financing in February 2026.

• No debt reported as of March 31, 2026.

Outlook and guidance

• Secured a drilling rig to drill a 4,250 meter well at BED-1 in Q3-2026.

• Remains focused on field development and pursuing opportunities to enhance long-term shareholder value.