A little info on the neighbors in Thailand:Tap Oil, Mubadala...

A little info on the neighbors in Thailand:

Tap Oil, Mubadala Petroleum make new oil find offshore Thailand
Monday, December 02, 2013 by Proactive Investors


Tap Oil has made a new oil discovery in the G1/48 concession offshore Thailand.
Tap Oil (ASX: TAP) and Mubadala Petroleum have made a new oil discovery with their Malida-1 in the G1/48 concession offshore Thailand and are preparing to drill a sidetrack to test a separate structure.

Notably, the discovery enhances the exploration potential of a fairway between the Manora oil field and Malida-1 for further drilling.

A number of leads and prospects are already recognised in this area on 3D seismic data and depending on further successful drilling to aggregate additional resource volumes, there is potential to tie discoveries back to the Manora facility.

Wireline logs confirmed that Malida-1 intersected 9.5 metres of net oil pay in reservoir quality sandstone within the primary target.

This is supported by the recovery of several oil samples taken on wireline testing over this interval.

The joint venture will plug and abandon Malida-1 and conduct a sidetrack well, Malida-1 ST1(A) in order to test a separate structure adjacent to the structure tested by Malida-1. If successful, these volumes will form part of the aggregation strategy.

Tap has a 30% interest in G1/48.