Operations

Below is a summary of current and future activities in which Tap Oil participates either as an operator a JV partner.

Current activities:

Brunei
Rig on site preparing to spud Mawar-1. Block M 2010 3D seismic acquisition commenced.

T/47P
Site survey completed. Rig ETA November 2010.

Forward Drilling Programme:

Last Updated: July 2010

Note: All well timing subject to rig availability, joint venture and regulatory approval.


Well Name Permit no. Tap % Well Type Indicative timing
AUSTRALIA
Bambra-10 HJV

12.22%

Appraisal/Development

3Q - 4Q 2010
1-6 Wells HJV

12.22%

Appraisal/Development

2010
Tolpuddle-1* T/47P

40.00%

Oil Exploration 4Q 2010
1 Well WA-351-P

 25.00%

Oil Exploration

2011

Zola-1 WA-290-P

10.00%^

Gas Exploration

4Q 2010

SOUTH EAST ASIA

Mawar-1* Block M 39.00% Oil/Gas Exploration/Appraisal

3Q 2010

Mawar-2* Block M 39.00% Oil/Gas Exploration/Appraisal 3Q 2010
TBA* Block M 39.00% Oil/Gas Exploration/Appraisal 2011
TBA* SC41 50.00% Gas Exploration 2011

*Denotes Tap operated well.
^Interest after farmout