Singapore Petroleum Acquires Stake in Tap

Tap Oil Limited said that Singapore Petroleum Company Limited (SPC) has acquired a beneficial interest in a significant number of Tap shares.

Tap's share registry has confirmed that as at 21 February 2007, SPC held a beneficial interest in approximately 7.3 million ordinary shares through nominee holders, representing approximately 4.7% of the issued ordinary capital of company.

Tap will be seeking discussions with SPC as to its intentions with respect of this shareholding.