Tap Oil Says Development Operations On Track at Linda Field

Tap Oil reports that the Linda-3 development well has drilled to the top of the reservoir and the platform has been installed on location. The well will continue drilling ahead to its planned total depth prior to being completed as a production well from the Linda Platform. The Linda Platform is located offshore Australia.

Further development operations are underway to install the necessary pipeline to tie Linda gas and condensate production into Varanus Island. First production is anticipated in mid April 2004.

Harriet Joint Venture Participants are Apache as operator with 68.5%; Kufpec Australia with 19.2771%; Tap Oil with 12.2299%.