Mr. Abdel Badwi reports

TAG OIL T-200 WELL DRILLING UPDATE

TAG Oil Ltd. has provided the following drilling operations update at its T-200 vertical well at the Badr oil field (BED-1) in Egypt's Western Desert.

The T-200 well, targeting the Abu Roash F (ARF) formation, has successfully reached a depth of 4,102 metres, intersecting the top of the targeted ARF reservoir at 4,100 metres, in line with geological forecast and budgeted drilling costs to date. The company will start running the seven-inch liner casing string, after which drilling will resume through the entire ARF section to projected total depth of approximately 4,200 metres. Upon reaching total depth, completion and testing operations will start with initial production test results expected in late October, 2026.

The company will continue to provide additional updates as drilling progresses and will report results following completion and testing of the well.

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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