Tap Oil Says Scalybutt Tie-in Complete

Tap Oil Says the tie-in of the Scalybutt-1H well to the Woollybutt production facilities is complete and the well has commenced flowing.

Initial flow rates are in line with expectation. The Scalybutt and Woollybutt production wells will be test flowed to determine optimized production rates before the expected return to operational flowing conditions from all three wells, namely Woollybutt-1H, 2H and Scalybutt 1H, next week.

The Woollybutt-5 appraisal well, located in permit WA-25-L and approximately 4 kilometers south of the Woollybutt-3A well, had drilled to 2,495 meters measured depth and is in the process of cementing 9 5/8" casing immediately above the target reservoir and preparing to drill ahead to the planned total depth of 2,875 meters.

The drilling operations are proceeding according to the revised plan and the well is expected to take approximately three more days to reach total depth.

WA-25-L Joint Venture participants are Eni Australia Ltd as operator with 65%; Tap West Pty Ltd with 15.00% and Mobil Australia Resource Co Pty Ltd with 20.00%.

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