Apache Logs Pay with Zephyrus-1 Exploration Well

Tap Oil reports that the Zephyrus-1 well, located approximately 2.5km south east of the Agincourt platform, has drilled to a planned total depth of 3,720 meters. The well encountered a 9 meter gross oil column in excellent quality Double Island Sandstone. The well is being cased and completed for production from the Agincourt Platform.

The Zephyrus-1 exploration well was drilled from the existing Agincourt Platform as a deviated well. The well discovered oil in a small four-way dip closed depositional mound. Tap estimates the initial well production rate, commencing early next week via the Varanus Production Hub, to be around 4,000 BOPD.

TL 1,5,6,8,9 Joint Venture participants are Tap (Harriet) Pty Ltd with 12.2229%; Apache Northwest Pty Ltd as operator with 68.5%; and Kufpec Australia Pty Ltd with 19.2771%.

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