TAG Oil Provides T-200 Well Drilling Update at Badr Oil Field, Egypt

10:34 AM EDT, 10/02/2026 (MT Newswires) -- TAG Oil's (TAO.V) T-200 vertical well at the Badr Oil Field (BED-1) in Egypt's Western Desert successfully reached a depth of 4,102 metres, it said in a statement on Friday. The T-200 well, targeting the Abu Roash "F" (ARF) formation, intersected the top of the targeted ARF reservoir at 4,100 metres in line with geological forecast and budgeted drilling costs to date, it said. The company will start running the seven-inch liner casing string. Drilling will resume through the entire ARF section to projected total depth of about 4,200 metres, the company said. Upon reaching total depth, completion and testing operations will start with initial production test results expected in late October 2026, it added. Shares of the company were last seen unchanged at CA$0.085 on the TSX Venture Exchange.