Tap Says Progress at Linda Gas Field on Schedule

Tap Oil says the development of the Linda Gas/Condensate Field located offshore Australia is progressing on schedule, with platform installation due by first quarter 2004, followed by development well drilling and production start-up by the second quarter of 2004.

The development will consist of a multi-slot platform to allow production from the Linda Gas/Condensate Field via two to three wells. The platform is also positioned to allow tie-in developments of the Rose and Lee Gas/Condensate Fields and other future exploration successes in the area. The Linda platform will be connected to the Campbell pipeline with ultimate processing at Varanus Island.

Apache is the operator of the field and Tap Oil holds a 12.22% stake.