TAP tap oil limited
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News: Tap wins new exploration permits

  1. FNN News
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    09/03/15
    09:40
    Post #: 14880891
    .

    Tap Oil Limited (ASX:TAP) has won two new exploration permits on the North West Shelf off Western Australia. 
     
    The explorer has been awarded 100 per cent of the block in a Barrow and Dampier sub-basins of the shelf. 
     
    Tap will undergo a three year work programme of seismic testing to run until the 5th March 2018. 
     
    Tap Oil recently announced a strategic review aimed at reducing debt. 
     
    Tap Oil reported a net loss of $52.1 million for the year ending 31 December 2014. 
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