Tap Oil, an independent oil and gas exploration company from Australia, has provided the following update of the Bianchi-1 gas appraisal well in Retention Lease WA-49-R, located off Western Australia. During the period from 0600 hours (AWST) on 15 April 2013 to 0600 hours (AWST) on 23 April 2013, the Bianchi-1 well drilled to a [...]
April 23, 2013 | Posted in
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Australia’s independent oil and gas exploration company Tap Oil Limited has announced that the Company and Troy Hayden (the Company’s Managing Director and Chief Executive Officer) have agreed to a variation of Hayden’s existing employment agreement, including and the renewal of his contract beyond the current contract term of December 2013 and a revised remuneration [...]
Australia’s Tap Oil Limited announces that at 0630 hours (AWST) on 15 April 2013 the Ensco 104 rig commenced drilling the Taunton-5/5H well to appraise the Taunton oil field, located in the TL/2 production license and the TP/7 exploration permit. Taunton-5/5H will be drilled in shallow water as a deviated well in TL/2 to obtain [...]
April 15, 2013 | Posted in
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Australian Tap Oil Limited has announced the award by the Accra Joint Venture of the Drilling Rig Services contract for the drilling of the Starfish prospect to Stena Drilling. The Starfish-1 well will be drilled by the Stena DrillMAX, Dual Derrick Drillship which has recently drilled eight efficient and successful wells in Ghana. Stena Drilling has extensive [...]
April 8, 2013 | Posted in
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Tap Oil Limited has executed a USD $50 million field development facility for the Manora Oil Development in Thailand and a AUD $20 million corporate facility, both with the Commonwealth Bank of Australia. The USD $50 million field development facility will be used solely to fund the Manora Oil Development, in the Gulf of Thailand. The facility has [...]
Tap Oil Limited has announced announce its gross volumetric recoverable gas resource estimate for the WA-351-P portion of the Tallaganda structure. Tap’s studies (which were completed by Tap following its review of the Operator’s preliminary volumetric assessment of the Tallaganda discovery received in December 2012) indicate approximately 500 Bcf of gas in the WA-351-P portion [...]
Tap Oil, an independent oil and gas company based in Australia today commented on the media speculation in today’s The Australian Financial Review regarding the potential sale of some or all of Tap’s interest in the Zola and Tallaganda gas fields. The company said:”Tap is focused on commercialising its portfolio of exploration and development assets. [...]
Rialto Energy Limited it has received Ministerial and Ghana National Petroleum Corporation (GNPC) approval to acquire a 12.5% participating interest in the Offshore Accra Contract Area, Ghana, West Africa (the “Accra Block”). The Company is acquiring its interest alongside fellow new entrants Ophir Ghana (Accra) Limited (“Ophir”, 20%) and Vitol Upstream (Accra) Limited (30%), joining [...]
Tap Oil Limited’s subsidiary, Tap (Shelfal) Pty Ltd, has entered into an agreement with a subsidiary of Apache Corporation (Apache) to exchange a 13.555% interest in Exploration Permit WA-320-P for a corresponding 13.555% interest in the Part II Area of Exploration Permit WA-155-P (Part II) offshore Western Australia. Apache will be operator of both permits. [...]
Australia’s independent oil an gas firm, Tap Oil, today announced that the Kinnaree-1 ST1 exploration well, in the Gulf of Thailand, on October 31, 2012, reached final total depth of 2,694 metres MDRT. Based on the preliminary data obtained while drilling, there are no significant indications of hydrocarbons. Tap Oil will now run wire line [...]
