News: TAP Tap Oil Signs Sale And Purchase Agreement With Kensington Energy

Sept 9 (Reuters) - Tap Oil Ltd (TAP) :

• SIGNED A SALE AND PURCHASE AGREEMENT (SPA) WITH KENSINGTON ENERGY PTY LTD.
• TRANSACTION WILL RESULT IN TAP BOOKING A PROFIT ON SALE OF US$2.58 MILLION AFTER TAX
• TRANSACTION INVOLVES CO SELLING 20% PARTICIPATING INTEREST IN BHP OPERATED WA-72-R & 15% PARTICIPATING INTEREST IN ENI OPERATED WA-25-L