VANCOUVER, BC, Aug. 30, 2021 /CNW/ - TAG Oil Ltd. ("TAG
Oil" or the "Company), (TSXV: TAO) (OTCQX: TAOIF) is pleased
to report the filing of its first quarter results for the interim
period ending June 30, 2021. A copy
of TAG Oil's financial statements and management discussion and
analysis for its most recently completed interim period are
available on SEDAR (www.sedar.com) and on the Company's website
(https://tagoil.com/investors/financial-reports/).
Highlights over the period include that the Company had
C$15.6 million (March 31, 2021: C$15.9
million) in cash and cash equivalents and $16.3 million (March 31,
2021: C$17.0 million) in
working capital. The Company has no debt.
TAG Oil continues to manage its costs and allocate the necessary
resources towards its business development efforts to maximize
value for its shareholders. The Company is continuing to pursue
several acquisition projects in Egypt and explore other strategic
opportunities in the Middle East
and North Africa. Further
information on these efforts will be provided by TAG Oil in due
course.
About TAG Oil Ltd.
TAG Oil (http://www.tagoil.com/) is a Canadian based
international oil and gas exploration company.
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.