Tap Signs Major Gas Contract with an Australian Customer

Tap Oil has entered into a new gas sale agreement with a Western Australian customer. This agreement is expected to generate revenues of in excess of $96M over the period commencing late 2013 and ending early 2017.

These revenues are in addition to the forecast revenues from the gas sale agreements announced on September 21 and October 8, 2007, bringing the forecast total gas sales revenues from these three agreements to around $243 million over the period to 2017.

Subject to ongoing exploration and appraisal activities, Tap has no further gas to contract at this stage