Ok. Found this Environmental Plan Summary which outlines that Zola follow up appraisal is known as Bianchi-1 which TAP holds 10% interest in. As well as Olympus-1 which we haveno interest other than that well being located 13km away frmo Bianchi-1. These wells must be due to commence drilling shortly according to the report was due to commence December 2012.
Points of Interest: - Completion of drilling activity (both wells) by May 2013 - Drilling using Ocean America Semi Submersible (currently drilling for Woodside in Australia according to Rigzone). - Due to commence drilling the Olympus-1 appraisal well first commencing very soon. - Results from this well will be crucial for Zola as Chevron’s Gorgon development is under construction and is also located approximately 28 km NE of the drilling location. Olympus-1 and Bianchi-1 are approximately 13 km apart.
Report can be found at http://www.nopsema.gov.au/assets/epsummaries/Olympus-1-and-Bianchi-1-Environment-Plan-Summary.pdf
TAP Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held