Harriet JV Spuds Monet-2 Development Well



Tap Oil reports that the Monet-2 development well was spud earlier this week. The well is located in TL/1, and will be drilled from the Simpson Bravo Platform.

The Monet-2 well will be drilled as a production well in the Flag Sandstone of the Monet Field which is approximately 3.5 kilometers northeast of the Simpson Bravo Platform. The discovery well, Monet-1, intersected a 20 meter gross oil column.

The Monet-2 well is expected to take approximately one week to reach its prognosed total depth. Upon successful completion, production from the Monet-2 well is expected to commence in the following two weeks at a rate of around 2,000 bopd.

The small Monet Oil Field , which was discovered nine weeks ago, has robust economics due to the existing HJV production infrastructure and rapid development timeframe.

Harriet Joint Venture Participants are Apache Energy Limited (Operator) 68.5%; Kufpec Australia Pty Ltd 19.2771%; and Tap Oil Limited 12.2229%
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