(AETAP) Tap Oil well is above target reservoir RWE News...

(AETAP) Tap Oil well is above target reservoir
RWE News
13:17:020 29/12/2005
Sydney - Thursday - Dec 29: (RWE Australian Business News) -
Tap Oil (TAP) reports Woollybutt-5 is at 2,495 metres measured depth and
is in the process of cementing 9 5/8-inch casing immediately above the
target reservoir and preparing to drill ahead to the planned total depth
of 2,875 metres.
The drilling operations are proceeding according to the revised
plan and the well is expected to take three more days to reach total
depth.
The Scalybutt-1H Tie-in well to the Woollybutt production
facilities is complete and the well has commenced flowing.
Initial flow rates are in line with expectation.
The Scalybutt and Woollybutt production wells will be test
flowed to determine optimised production rates before the expected
return to operational flowing conditions from all three wells, namely
Woollybutt-1H, 2H and Scalybutt-1H, next week.
ENDS
!END