From the TAP annc: Open Briefing®. Tap Oil. Strategy for Growth Just out 14:39
Tap is very well positioned to benefit from the improved gas prices in WA.
Being an existing gas producer, we’ve got value possibilities all along the
value chain. We’ve recently marketed 33 PJ of gas that we had under contract
from the John Brookes JV. This is not our own reserves, but this is gas that we
had contracted and on-sold to generate nearly $250 million of revenue per
annum over 10 years. The Maitland Field is an appraisal opportunity located
about 40km west of the Varanus Island gas processing facilities. We
commenced appraisal of this field late last year with two successful wells and
we’re going through the engineering and assessment phase of that appraisal
program now. If that continues to look positive we will drill again later this
year.
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