Tap Oil Spuds South Simpson-2 Well

Tap Oil reports that the South Simpson-2 appraisal well spudded this week. The well is located in TL/1 offshore Australia. The South Simpson-2 well has drilled to a depth of 1,584 meters measured depth and will continue to drill ahead to the planned total depth of around 2,000 meters.

The South Simpson-2 appraisal well is being drilled from the Simpson Bravo platform, as a sidetrack from South Simpson-1, to intersect a mapped southeasterly extension of the Simpson Oil Field. The well is expected to take 2 days to reach its prognosed total depth. If successful the well will be immediately brought onto production.

Harriet Joint Venture Participants are Apache Energy with 68.5%; Tap Oil as operator with 12.2229%; Kufpec Australia with 19.2771%.