Tap Oil (TAP)

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Tap Oil (TAP) is an independent oil and gas explorer and producer, with operations held in Australia, New Zealand and Asia. Tap Oil listed on the ASX on 17th September, 1996. TAP acquired a 12.2229% interest in the Harriet oil and gas fields offshore Western Australia from Marubeni Oil. The principal assets of the Company are Harriet and Woollybutt. TAP commissioned Woollybutt in 2003 and to date its production is around 29 million barrels of oil. The Company’s head office is situated in Perth Western Australia. The principal activities of Tap during the end of year 2007 were the completion of drilling operations at seven exploration and appraisal wells, the acquisition of more than 1,200 square kilometers of three dimensional (3D) seismic, discovery of a new oil resource at Fletcher and discovery of one gas resource at Wonnich Deep-1. During 2007, the Company acquired a 3D seismic survey of around 750 square kilometers in SC-41 in Philippines. It also acquired the interest in the 3D seismic in the new T/47P block of approximately 525 square kilometers in the Bass Basin. TAP announced the completion of the acquisition of the Molson two dimensional (2D) Marine seismic survey in March 2008. Tap Oil aims to increase the value for its shareholders through acquiring exploration portfolio, offering moderate risk and high quality exploration opportunities. At the core of Company’s success is its highly experienced team of oil finders in addition to the use of the best available technology. Tap is also seeking for opportunities in South East Asia region.

Tap Oil History

Tap was created on 14 March 1995, with a focus on oil and gas exploration, when Marubeni of Japan sold its interests held in the Harriet oil and gas fields to the TAP corporate entity.

Tap Oil (TAP) Products and Services

  • Crude oil and natural gas
  • Condensate

Tap Oil Competitors

  • Woodside NW Shelf joint venture
  • Apache/Santos's John Brooks field

Tap Oil (TAP) Locations and Subsidiaries

Tap Oil Head Office
Level 1, 47 Colin Street, West Perth
WA, Australia, 6005
Phone: (08) 9485 1000
Fax: (08) 9485 1060

Tap Oil Subsidiaries

Tap (Harriet) Pty Ltd
Tap (Shelfal) Pty Ltd
Tap West Pty Ltd
Tap (New Zealand) Pty Ltd
Tap (Philippines) Pty Ltd
Tap Energy (Borneo) Pty Ltd

Trading Names

Tap Oil Limited

Other Tap Oil Details

Tap Oil Year Established: 1995
ACN: 068 572 341
D-U-N-S: 752766147
ABN: 89068572341
Previous Company Names: Tap Oil NL

Tap Oil (TAP) Share Price

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Submitted by ASX Listed Company on 25 November, 2008 - 22:27

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