An anonymous director reports

TAG OIL COMPLETES DRILLING STAGE OF BED4-T100 HORIZONTAL WELL

TAG Oil Ltd. has achieved a significant milestone in its continuing exploration and development efforts within the Badr oil field (BED-1) with the successful completion of the drilling phase for the BED4-T100 (T100) horizontal well in the Abu Roash F limestone formation (ARF).

The well has penetrated an overpressured reservoir with regions of exceptional porosity and permeability. During drilling operations, there have been clear signs of free oil flowing into the wellbore and to surface, accompanied by consistently elevated gas readings across the ARF formation. The high pressure and potentially high gas to oil ratio in the ARF zone are projected to enhance the T100 well's production capabilities.

Given the notably higher reservoir pressure and gas readings observed during drilling, TAG Oil has made the pro-active decision to adjust the lateral length to 308 metres (1,000 feet) as a safety measure. The company is now optimizing the multistage hydraulic fracture completion design, poised to maximize the stimulated reservoir volume of the wellbore. The exceptional quality of the encountered reservoir section presents an exciting prospect, offering the potential for robust oil production performance following the hydraulic fracture stimulation of the ARF horizontal well.

Preparations for the completion stage, necessary to commence fracture stimulation, are well under way. The 4.5-inch liner with the packers assembly required for the completion has been installed and the drilling rig is in the process of being released. The completion surface equipment and personnel will be mobilized to the T100 well location and the company expects to start stimulating the well by the middle of April. TAG Oil will continue to provide further updates, as necessary.

About TAG Oil Ltd.

TAG Oil is a Canadian-based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

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