Overview

Tap Oil Limited is an independent oil & gas exploration and production company with interests in South East Asia and Australia. Headquartered in Perth, Western Australia, Tap was incorporated on 14 March 1995 and subsequently listed on the Australian Securities Exchange (ASX:TAP) in September 1996.

Strategy

Tap believes independent E&P companies can add value by maintaining a geographic focus, combining knowledge of rocks and operating practices with an understanding of host government requirements and regulatory regimes. Monetisation comes from commercialisation, development and production activity of working assets too small for larger IOCs, majors and NOCs. Tap's focus is on low cost, conventional developments located onshore or in shallow waters that offer step out exploration opportunities. Acquisition and divestment activities can also be used to demonstrate value accretion.

Tap holds a 30% interest in the Manora oil field in the Gulf of Thailand and holds a number of exploration and production permits in Australia’s Carnarvon Basin, north west Western Australia.

Thailand

In 2010 Tap acquired a 30% interest in the G1/48 concession in Gulf of Thailand which includes the Manora oil field. The Manora oil field is located offshore in the Gulf of Thailand and is operated by Mubadala Petroleum (Thailand) Ltd. The field is located approximately 80 kilometres offshore of Prachuap Khiri Khan Province. The development of the Manora oil field commenced in 2012 and the first oil was achieved in November 2014.

Australia

Tap has interests in multiple exploration permits and retention leases in the Carnarvon Basin, north west Western Australia. The assets include interests in gas discoveries such as Tallaganda, Maitland and Zola as well as 20% stake in Amulet oil field.