Tap Oil Spuds Gudrun-2 Well

Tap Oil reports that the Gudrun-2 development well spudded earlier this week. The well is being drilled from the Harriet Alpha Platform in TL/1, offshore Australia, and is planned to intersect the reservoir section within the Gudrun Field at a location 3.4 kilometers to the south.

To date, the Gudrun-2 well had drilled to a depth of 88 meters measured depth. The planned total depth of the well is 4,140 meters measured depth (1,960 meters true vertical depth subsea).

The Gudrun-2 well is planned to intersect the Flag Sandstone reservoir section within the Gudrun oil field updip from the discovery well Gudrun-1 which was drilled in October 2001 and intersected a 5 meter oil column.

The Gudrun-2 well is expected to take 9 days to reach its prognosed total depth.

If successful the well will be completed for immediate production via the Harriet Alpha platform.

TL/1 Harriet Joint Venture Participants are Tap Oil as operator with 12.2229%; Apache with 68.5% and Kufpec Australia with 19.2771%.