Search results for: Tap Oil

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A list of search results

  • 13 September 2019
    Business & Finance

    Tap Oil has completed the sale and purchase agreement with Kensington Energy and has sold its residual Australian and New Zealand portfolio to Kensington.

  • 9 September 2019
    Business & Finance

    Tap Oil has signed a sale and purchase agreement (SPA) with Kensington Energy, a privately-owned Australian oil and gas investment company, to sell its residual Australian and New Zealand portfolio. The transaction involves Tap selling a 20% participating interest in the BHP-operated WA-72-R, which contains the Tallaganda gas discovery and for which Tap has booked […]

  • 30 November 2018
    Business & Finance

    Tap Oil has entered into a sale and purchase agreement for the sale of its non-operated interest in WA-33-R, in the offshore Carnarvon basin of Western Australia. 

  • 17 August 2018

    Australia’s Tap Oil has dismissed the takeover offer made by Northern Gulf Petroleum Holdings Limited, and has recommended shareholders accept offer previously made by Risco.

  • 25 July 2018

    Tap Oil has identified 32 leads in the G1/48 concession, which contains the Manora oil field, located in the Northern Gulf of Thailand. 

  • 23 February 2018
    Business & Finance

    Australia’s oil and gas company Tap Oil has appointed one of its non-executive directors to the position of chairman.

  • 7 February 2018
    Business & Finance

    Australia’s oil and gas company Tap Oil has appointed a new non-executive director of the company.

  • 14 June 2017
    Business & Finance

    Australia’s oil and gas exploration and production company Tap Oil has agreed to sell an interest in a permit off W. Australia to a private E&P company. Tap Oil said on Wednesday it was going to sell its 20 percent interest in permit WA-8-L as a part of its strategy to realize value from its non-core […]

  • 12 June 2017
    Business & Finance

    Trinity Exploration and Production, an oil and gas explorer with assets in Trinidad and Tobago, has appointed James Menzies as a non-executive director, effective June 23. According to Trinity’s statement on Monday, Menzies will serve as chairman of the Remuneration Committee and also serve as a member of the Audit Committee of the board. Angus […]

  • 14 March 2017
    Business & Finance

    Australia’s oil and gas E&P company Tap Oil has named Pantapom Panyarporn as alternate director to Frank Sakda Sreesangkom, effective Tuesday, March 14.  According to information provided on the Australian Securities & Investments Commission (ASIC) website, a company director can appoint someone to act as an alternate director for a set period of time and can […]

  • 5 December 2016
    Business & Finance

    Independent oil and gas company Tap Oil has appointed non-executive director James Menzies to the position of executive chairman effective from December 15, 2016. To remind, Menzies joined the Tap Oil board in May 2016 replacing Mike Sandy as an independent non-executive director. Tap Oil said on Monday that Menzies would succeed current chairman Doug Bailey, […]

  • 30 June 2016
    Business & Finance

    Australia’s oil and gas exploration and production company Tap Oil has announced that its Chief Financial Officer (CFO), David Rich, is leaving the company and that a new CFO and Company Secretary has been named. Tap Oil said on Thursday that Chris Bath was named the as new company’s CFO and Company Secretary. The company noted […]

  • 24 May 2016
    Business & Finance

    Australia’s oil and gas exploration and production company, Tap Oil, has announced the appointment of Frank Sakda Sreesangkom, James Menzies and Peter Mansell as directors of the company. According to Tap Oil’s press release on Tuesday, the board changes come as a part of a board renewal plan where the company plans to structure the […]

  • 15 January 2016

    Tap Oil Limited has reached a deal with the operator of the Manora oil development in Thailand, Mubadala Petroleum, for the settlement of the final capital costs of the Manora field facilities. On March 2, 2015, Tap announced an unexpected capital expenditure increase of $28 million ($8.4 million Tap share) for the construction of the Manora oil facilities […]

  • 23 December 2015

    Tap Oil and Quadrant Northwest (formerly Apache Northwest) have reached a settlement in a financial dispute regarding a licence in the Carnarvon Basin, offshore Australia.  Tap Oil has reached a settlement with Quadrant Northwest on the basis that Apache’s claim against Tap is dismissed with Apache paying Tap costs of A$50,000 ($36,190), Tap said on Wednesday. On September 1, 2014, Tap […]

  • 31 August 2015

    Australia’s Tap Oil will not be selling a share in what it describes as its flagship asset, the Manora field in the Gulf of Thailand. In a statement on Monday, Tap Oil said it had completed a strategic review of its business and asset base, initiated earlier in 2015 in response to the significant change in […]

  • 27 August 2015
    Business & Finance

    Tap Oil Limited has formalised its entry into Myanmar following the signing of the Production Sharing Contract (PSC) for the shallow water Block M-7 in the Moattama Basin, offshore Myanmar.  Tap holds a 95% participating interest in the M-7 Block and has assumed operatorship. Tap Energy (M7) Pte. Ltd, and its local joint venture participant, Smart E&P […]

  • 9 March 2015

    Australia’s Tap Oil has been awarded 100% of Blocks W14-7 and W14-16 in the prospective Barrow and Dampier sub-basins on the North West Shelf offered under the 2014 Offshore Petroleum Exploration Acreage Release. W14-07, now Petroleum Exploration Permit WA-515-P, is located on the Rankin Platform in water depths ranging from less than 100 metres to […]

  • 6 March 2015
    Business & Finance

    Tap Oil Limited has informed it is reviewing its business and asset base in order to “respond to the recent change in market conditions in the oil and gas sector and to maximise value for all shareholders”. Namely, the receipt of the proposal from Chatchai Yenbamroong (a Thai entrepreneur and substantial Tap shareholder) to replace three […]

  • 11 February 2015
    Business & Finance

    Tap Oil Limited has elected not to exercise its option to acquire 10% of the VIC/P67 permit, located offshore Australia.  To remind, Tap Oil announced on September 18, 2013 that it had executed an agreement with WHL Energy Limited for an option to acquire an initial 10% interest in exploration permit Vic/P67 in the Otway Basin, […]

  • 12 January 2015
    Project & Tenders

    Tap Oil Limited today provided an update on the Manora project in the Gulf of Thailand, which started production in November 2014 with two wells, MNA- 01 and MNA-02, initially flowing at a combined rate of 2,200 barrels per day (gross). Manora is now producing from five wells, MNA-01, MNA-02, MNA-03, MNA-05 and MNA-07. As of 11 January 2015, […]

  • 29 April 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Tap Oil Limited announces that it has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$20 million corporate facility executed with Commonwealth Bank of Australia, as announced on 15 March 2013. There are no […]

  • 28 April 2014
    Business & Finance

    Tap Oil Limited has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million.

  • 27 March 2014
    Business & Finance

    Tap Oil Limited has been notified by the Myanmar Ministry of Energy of the successful award of a Production Sharing Contract for shallow water Block M07 in the Moattama basin, offshore Myanmar. The PSC award is subject to finalisation of terms with the MOE; and Tap will hold a 35.625% interest with Roc Oil Company […]

  • 26 February 2014

    Tap Oil Limited provided update of contingent resources in the WA-49-R retention lease in the offshore Carnarvon Basin, including the Zola, Antiope and Bianchi-1 discoveries. This follows the successful Bianchi-1 discovery in July 2013 with analysis now confirming the Contingent Resources. Tap estimates gross 2C contingent resources of 638 PJ within the retention lease and a net resource to […]