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TAG Oil Showcases Strong Financial Health
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TAG Oil Showcases Strong Financial Health

TAG Oil (TSE:TAO) has released an update.

TAG Oil Ltd. has announced its financial results for the year ending December 31, 2023, highlighting a solid balance sheet with C$16.4 million in cash, C$12.2 million in working capital, and no debt. The company emphasizes its continued cost management and resource allocation towards business development in Egypt and the broader Middle East and North Africa region. These efforts reflect TAG Oil’s commitment to exploiting opportunities in its focus areas.

For further insights into TSE:TAO stock, check out TipRanks’ Stock Analysis page.

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