Tap Oil Prepares to Drill to Final Total Depth at Manora (Thailand)

Tap Oil Limited provides has announced that during the period from 0600 hours WST on 10 October 2012 to 0600 hours WST on 17 October 2012, the Manora-5 well was drilled directionally to a depth of 2,207 metres true vertical depth.

The forward plan is to drill to final total depth and run wire line logs. Manora-5 is the first of three wells planned in the 2012 exploration drilling campaign.

The Manora-5 exploration well is located in the G1/48 concession in the Gulf of Thailand, three kilometres north of the Manora Oil Development.

The exploration well is being drilled in shallow water and will be drilled to approximately 2,450 metres true vertical depth. It will test a separate geological structure, independent of the Manora field, and target a combined prospective resource of around 12 million barrels (PMean) in the primary and secondary targets.

[mappress]
Press Release, October 17, 2012