Permit List

Permit Region Acreage km2 Tap Interest
ACCRA Keta Basin Ghana 2,000 17.50%+
G1/48 Gulf of Thailand 4,394 30.00%
G3/48* Gulf of Thailand 2,918 30.00%
TL/2 Aust NWS - North Carnarvon 399 10.00%
TP/7 Aust NWS - North Carnarvon 719 12.474%
WA-8-L Aust NWS - North Carnarvon 162 20.00%
WA-22-L (Woollybutt) Aust NWS - North Carnarvon 80 15.00%
WA-25-L (Woollybutt) Aust NWS - North Carnarvon 398 15.00%
WA-33-R Aust NWS - North Carnarvon 319 22.47%
WA-34-R Aust N Bonaparte 416 12.00%
WA-290-P Aust NWS - North Carnarvon 319 10.00%
WA-320-P Aust NWS - North Carnarvon 310 9.778%
WA-351-P Aust NWS - North Carnarvon 1,915 20.00%
WA-49-R Aust NWS - North Carnarvon 159 10.00%
WA-155-P (Part II) Aust NWS - North Carnarvon 80 6.555%

* Tap Oil holds an indirect 75% interest in Northern Gulf Petroleum Pte Ltd which has a 40% interest in G3/48 in the Gulf of Thailand

+ The Ghana National Petroleum Corporation (GNPC) has a free carried interest of 10% apportioned between the contractor group. Tap's interest is post-GNPC carry is 15.75%. GNPC has the option of increasing its interest in the event of a commercial discovery