TAG Oil has provided an update on drilling operations at the Badr Oil Field ('BED-1') in the Western Desert of Egypt.

For the upcoming T-200 vertical well, the NDC-9 drilling rig is expected to be mobilized to the BED-1 location this month. Surface site preparation is underway, and other regulatory requirements have been secured. Drilling operations are anticipated to start by mid-July.

Designed as a vertical well with a planned total depth of approx. 4,250 metres, T-200 will target the Abu Roash 'F' formation, a naturally fractured reservoir in this area where nearby wells have encountered lighter gravity oil. Drilling and completion activities are expected to take approx. 60 days.

'The T-200 well represents the next step in TAG Oil’s ongoing evaluation of the ARF formation and securing the NDC-9 drilling rig marks an important milestone,' said Abby Badwi, Executive Chairman and CEO of TAG Oil. 'With site preparation and activities progressing as planned, we look forward to commence drilling next month and further evaluating the production potential of this reservoir.'

Additional information on the BED-1 development program and the T-200 well can be found in the Company’s updated June 2026 Corporate Presentation available at www.tagoil.com.

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Source: TAG Oil