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Myanmar, Award of Shallow Water Exploration Block M07

Tap Oil Limited is pleased to advise that it has been notified by the Myanmar Ministry of Energy of the successful award of a Production Sharing Contract for shallow water Block M07 in the Moattama basin, offshore Myanmar.

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Strategy

Tap's goal is to create value for its shareholders by capturing and drilling a balanced portfolio of moderate risk, high impact exploration opportunities. Tap has assembled the people, the processes, and the permits to deliver growth and retains the capital backing to fund operations and acquisitions. The company has an excellent team of experienced oil finders, who are equipped with the best available technology. Tap rigorously reviews its prospects to ensure they are consistent with its exacting standards. Recent strategic initiatives are designed to ensure that Tap's exploration program is a business, not a gamble.

Tap's Vision

Our vision is to deliver sustained growth in shareholder returns and become a leading independent oil and gas company with global reach.