Jacala-1 Exploration Well Spud

Tap Oil says that the Jacala-1 exploration well commenced drilling Thursday morning and will drill ahead to a planned total depth of 2322 meters.

Jacala-1 is located in the center of permit WA-351-P in the deepwater Carnarvon Basin, offshore northwestern Australia. It is on the Exmouth Sub-basin approximately 200 kilometers west of Barrow Island and 100 kilometers northwest of the Laverda, Vincent, and Enfield field complex.

The exploratory well is located in approximately 1060 meters of water and is targeting a large four-way dip structure. It is expected to take approximately 18 days to drill and log. The reservoir is interpreted to be in Barrow Sandstones at a depth of 2,106 meters.

Joint-venture participants in WA-351-P include Tap (25 percent), BHP Billiton (55 percent), and Roc Oil (20 percent).

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