Jane-2 Well to be Plugged and Abandoned

Tap Oil reports that the Jane-2 well, located in TL/6 offshore Australia, will be plugged and abandoned as the hydrocarbon column found is too small for commercial development.

The well was drilled to a total depth of 2,550 meters measured depth. Good reservoir sandstones were found in the target Flag Sandstone containing an 11-meter hydrocarbon column comprising 8 meters of gas overlying a 3-metreroil leg.

The next Tap well immediately following the abandonment of Jane-2 will be Kultarr-1 which is located in WA-334-P.

TL/6 Joint Venture participants are Tap Oil Limited with 12.2229%; Apache Northwest Pty Ltd as operator with 68.5%; and Kufpec Australia Pty Ltd with 19.2771%

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