VANCOUVER, BC, April 11,
2022 /CNW/ - TAG Oil Ltd. ("TAG Oil" or the
"Company") (TSXV: TAO) (OTCQX: TAOIF) is pleased to provide the
following update on its activities to acquire certain assets in
Egypt and the wider Middle East and North Africa ("MENA") region.
TAG Oil is continuing to pursue several acquisition projects in
Egypt and explore other strategic
opportunities in the MENA area. While significant progress has been
made on these efforts by the Company, TAG Oil expects that more
time will be required to complete one or more of these
acquisitions. Further information on these efforts will be provided
by TAG Oil in due course.
Toby Pierce, CEO of TAG Oil,
commented "With travel restrictions largely behind us, our
management team will continue to spend a significant amount of time
on the ground in Egypt, and the
broader MENA area, meeting with the appropriate government and
industry representatives to advance our discussions. We look
forward to concluding our acquisitions and aggressively growing our
business. Finally, TAG Oil would like to thank our shareholders for
their patience throughout this process, which has been longer than
anticipated, but we believe will be worth it."
About TAG Oil Ltd.
TAG Oil (http://www.tagoil.com/) is a Canadian based
international oil and gas exploration company with a focus on
opportunities in the Middle East
and North Africa.
Neither the TSX-V nor its Regulation Services Provider (as
that term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Statements
Certain of the statements made and information contained
herein is considered "forward-looking information" within the
meaning of applicable Canadian securities laws, including
statements with regard to the Company's operations and potential
strategic opportunities. These statements address future events and
conditions and are reliant on assumptions made by the Company's
management, and so involve inherent risks and uncertainties, as
disclosed in the Company's periodic filings with Canadian
securities regulators. As a result of these risks and
uncertainties, and the assumptions underlying the forward-looking
information, actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement, except as required by applicable
law.
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SOURCE TAG Oil Ltd.