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.
PPP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
