TAG Oil (TAO) Q3 2024 earnings summary

Executive summary

• Reported interim financial results for fiscal Q3 2024, ending September 30, 2024.

• Focus remains on oil and gas exploration in the Middle East and North Africa.

Financial highlights

• Cash and cash equivalents stood at C$4.4 million as of September 30, 2024, down from C$7.7 million on June 30, 2024.

• Working capital was C$2.3 million, compared to C$7.3 million at the end of the previous quarter.

• No debt reported as of the end of the quarter.

Outlook and guidance

• Public offering of units at $0.17 per unit expected to close during the week of December 2, 2024, subject to customary conditions.

• Forward-looking statements highlight plans for operational development and strategic opportunities.