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  1. 9,081 Posts.
    TAP in now involved in two exploration wells that have just spudded:

    Maier 1 - 20km NW of the Woolybutt oilfield targetting some 30mmbbls oil

    Albert 1 - as the first well in the Harriet Joint Venture's 2005 programme.

    Other wells will be drilled in quick succession - overall, over 30 wells a e scheduled for 2005

    TAP will be a high profile oil play for the remainder of 2005 and stands an excellent chance of success in adding considerably to its reserves.

    One good "hit" will send its shareprice strongly north.
 
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