Harriet JV Drills Duster with Kadinsky-1 Well

Tap Oil reports that the Kadinsky-1 exploration well, located in TL/1 offshore Australia, has been plugged and abandoned after failing to find hydrocarbons.

Due to the success of Monet-1, a second sidetrack is being drilled to address another prospect (Gauguin) some 1.2 kilometers to the north-northeast of Monet-1.

The Gauguin-1 well was spud on April 25, 2004 using the Ensco 56 and is expected to reach total depth within the next four days.

Due to the success of Monet, development options are being reviewed to ensure early oil production.

Harriet Joint Venture participants are Apache as operator with 68.5%; Kufpec with 19.2771% and Tap Oil with 12.2229%.