TAG Oil provides 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.  

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.”

KeyFacts Energy: Acquisitions & Mergers news