From inception, Tap’s primary focus has been the Carnarvon Basin. Previously, the Company’s interests in the Harriet Joint Venture and the Woollybutt Joint Venture provided Tap with 100% of its production. Tap sold its interest in the Harriet Joint Venture in 2012, and production at the Woollybutt field ceased at the end of May 2012. However, the Carnarvon Basin remains an area of focus for the company.
Tap’s interests in the Carnarvon Basin include the WA-351-P permit (Tap share, 20%), which contains the Tallaganda gas discovery drilled during the second quarter of 2012. The Tallaganda-1 well was a new field gas discovery in the Triassic Mungaroo Formation.
Tap also holds the WA-290-P permit (Tap share, 10%) immediately South of the Gorgon field. In early 2011, the joint venture drilled the Zola gas discovery and in August 2012, a retention lease, WA-49-R, was granted over the Zola and Antiope discoveries for a period of 5 years. In July 2013, a gas discovery was confirmed at Bianchi-1 which was drilled in WA-49-R.