TAP 0.00% 7.8¢ tap oil limited

small but nice

  1. 9,081 Posts.
    Better than a poke in the eye with a blunt stick:

    "Tap Oil reports 6m gross oil column at Harriet-A11
    By RWE Australian Business News, 02 May 2005
    Sydney - Monday - May 2: (RWE Australian Business News) -
    Tap Oil Ltd (TAP) reports its 12.2pc-owned Harriet-A11 development well
    (in Harriet Joint Venture permit TL/1) has reached the planned total
    depth of 2582 metres.
    A 6-metre gross oil column was intersected at the top of the
    objective Flag sandstone reservoir.

    Tap commented that the Harriet-A11 oil development well was
    planned to intersect a small attic of oil on the southeastern edge of
    the Harriet oilfield not drained by the existing production wells.

    "The well confirms the presence of a small accumulation of
    incremental oil in this part of the field and will now be completed as
    an oil producer tied into Varanus Island on the Harriet Alpha platform,"
    the company said.

    "The A11 well was drilled on the new seismic reprocessing within
    the HJV licence and provides confidence that further discoveries may be
    made based on these data."



 
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