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TAG Oil talks 2022 cash position, omits P&L from NR
2022-07-25 12:23 ET - News Release
An anonymous director reports
TAG OIL REPORTS FY2022 RESULTS
TAG Oil Ltd. has filed its financial results for the fiscal year ending March 31, 2022. A copy of TAG Oil's financial statements and management discussion and analysis for its most recently completed financial year are available on SEDAR and on the company's website.
Highlights over the period include that the company had $13.3-million (Dec. 31, 2021: $14.1-million) in cash and cash equivalents and $15.4-million (Dec. 31, 2021: $15.8-million) in working capital and has no debt. TAG Oil continues to manage its costs and allocate the necessary resources toward its business development efforts in Egypt and other areas in the Middle East and North Africa region.
As previously announced, the company is continuing to make significant progress on a few key strategic opportunities in Egypt. TAG Oil expects to have an update on the status of one or more of these transactions by the end of calendar Q3.