Maitland-2 Appraisal Well to be Sidetracked

Tap Oil reports that the Maitland-2 appraisal well, located in permit WA-33-R offshore Australia, has been drilled to its total depth intersecting the Maitland reservoir section on prognosis. Hydrocarbon shows were observed through the reservoir interval and wireline logging operations are currently underway.

Preliminary analysis indicates that the reservoir is gas charged. After the completion of wireline operations Maitland-2 is planned to be sidetracked in order to collect conventional core over the reservoir interval. A horizontal sidetrack, Maitland-3H, will then be drilled and flow tested to establish potential development production rates. The flow testing program is expected to commence in around two weeks time.

Partners in the well are Tap (Shelfal) Pty Ltd with 22.474%; Apache Oil Aust. Pty. Ltd with 28.815%; Pan Pacific Petroleum NL with 10%; and Santos (BOL) Pty Ltd. with 18.711%.

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