Australia

Tap has interests in multiple exploration permits and retention leases in the Carnarvon Basin, north west Western Australia.

Tap holds a 10% interest in WA-49-R and WA-290-P permits containing three gas discoveries located directly south of the Gorgon LNG field development in the northern Carnarvon Basin. Tap also has interests in Maitland and Prometheus/Rubicon gas discoveries located in WA-33R and WA-34-R retention leases.

Tap has a 20% in the WA-72-R permit, which contains the Tallaganda gas discovery. The Tallaganda-1 well was a new field gas discovery in the Triassic Mungaroo Formation.

Tap owns 20% of WA-8-L located in the Dampier sub-basin (Carnarvon Basin) and contains the Talisman and Amulet oil fields under production license until November 2031. The Amulet field lies approximately 30 kilometres south of the Santos operated Finucane South and Fletcher oil field FPSO facility.

The WA-25-L production license is operated by Eni Australia Ltd and is located off the northwest coast of Western Australia, approximately 80 kilometres north of the town of Onslow, and lies in 100 metres water depth. The Woollybutt oil field was discovered in 1997 and development of the field started in 2003. The field included subsea wells producing to a floating production, storage and offloading facility (FPSO). The field ceased production in May 2012 and the joint venture parties are at the planning stage to decommission the field.

Tap has a 10% and 12.47% interest respectively in the TL/2 production licence and TP/7 exploration permit, located in shallow water approximately 40 kilometres north-northeast of Onslow, Western Australia.

Tap holds 100% of WA-515-P and WA-516-P exploration permits located in the northern Carnarvon Basin in shallow water.

Tap has sought to manage its Australian portfolio through minimising holding costs and deferring operational activities where possible.

Australia