tap oil operating revenue 31.8m in sept quarter

Tap Oil operating revenue $31.8m in Sept quarter
08:38, Friday, 27 October 2006

Sydney - Friday - October 27: (RWE Aust Business News) - Tap Oil
(ASX:TAP) has reported operating revenue of $31.8 million in the
September quarter against $25.9m in the June quarter.

Production of liquids was 219,847 barrels against 246,960 in the
June quarter.

Oil sales totalled 298,907 barrels in the quarter with an average
realised price of $97 per barrel (down 2pc).

Oil production was 441,785 boe, a fall of 8pc over the prior
quarter.

The Harriet JV liquids production decreased this quarter through
natural field decline and an active exploration programme is currently
being carried out to arrest this decline.

The Woollybutt oil production in the quarter approximated the
previous quarter's production with approximately five days down
time.

Tap shares were last traded at $1.63.

ENDS