TAP 0.00% 7.8¢ tap oil limited

Hi Guys.Yes that is right about the fact they couldn't control...

  1. mpl
    80 Posts.
    Hi Guys.
    Yes that is right about the fact they couldn't control the Pressure from the Gas. They have joint venture partners with them & from memory at the time they could not get the type of rig needed to keep going safely with the excessive pressure they encountered.
    Was a hint in the announcement really, Marley looked likely to be a Hugh success, as gas is what they were looking for so add 2 & 2 together- Excessive gas pressure must under normal rules = a fairly large deposit of Gas. I for one have been waiting for the re-drill to happen.
    MPL
 
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