Tap Oil announces Pathum-1 exploration well

Tuesday, Dec 11, 2012

Tap Oil Limited (ASX: TAP) provides the following update on the Pathum-1 exploration well. The Pathum-1 exploration well is the third and final well in the Thailand 2012 exploration drilling campaign for Tap.Location/Proposed Depth The Pathum prospect is located in the G3/48 concession within the southern Sattakut Basin, some 41 kilometres north west of the existing Manora field. The Pathum-1 exploration well will test the petroleum potential of the fluvial section as the primary target in the southern Sattakut Basin and is a commitment well.

The Pathum-1 exploration well is being drilled in shallow water and has an expected total depth of approximately 2,642 metres measured depth rotary table (MDRT). The well will target a prospective resource of around 5 mmbbls (PMean).

Progress

The drilling rig is on location.

Forward Plan

The well is expected to reach target depth of approximately 2,642 metres MDRT within 11 days (trouble free). Weekly updates will be provided during drilling operations.

Source: Tap Oil

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