The successful result of this well is in line with the pre-drill prognosis. The data will now be reviewed and integrated to determine the quality of the reservoir and quantify the size of the resource. While this is a small discovery, it's potential to be commercially developed will be enhanced by its proximity to infrastructure at Airlie Island and the recently discovered Nasutus Oil Field some 4 kilometers to the northeast.
Tap Oil has a 100% interest in this well. It's partner, Westranch Holdings (10% interest in Permit EP 364) elected not to participate in this well.
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