Harriet JV Begins Bambra East Drilling Campaign

Tap Oil reports that the Bambra East drilling campaign commenced on December 20, 2006. The Bambra East Gas Field is located in Production License TL/1, and will be appraised by two deviated wells; Bambra East-1 and Bambra East-2 drilled from a common surface location. The objectives for the two wells are approximately 1 kilometer north and south respectively from the surface location.

To date, the Bambra East-1 has drilled ahead to 365 meters measured depth and will continue to drill to a total depth of approximately 2,600 meters measured depth (2,100 meters true vertical depth).

The Bambra East-1 and Bambra East-2 wells are designed to appraise the Bambra East Gas Field which is located to the east of the producing Bambra Field. The Bambra East Gas Field was discovered by the Bambra-1 well. Bambra East-1 is expected to take 8 days to reach total depth, while Bambra East-2 is expected to take a further 5 days to reach total depth.

The Bambra East appraisal project will determine the resource potential of the field and enable subsequent development planning to be undertaken.

Harriet Joint Venture participants are Apache Northwest Pty Lty as operator with 68.5%; Kufpec Australia Pty Ltd. with 19.2771; and Tap (Harriet) Pty Ltd with 12.2229%.

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