Tap Oil

Tap Oil has confirmed it is selling the Zola and Tallaganda discoveries, both off the coast of Western Australia. An internal sales process is underway and expected to take six months to complete. Zola has long been targeted for sale but little news from Tallaganda has been released since drilling earlier in the year. BHP Billiton, the operator at Tallaganda, has been investigating core samples taken from the exploration well and is showing growing confidence about its prospects; it has named Tallaganda its most significant discovery this year. Although flow rates are still unknown and early data suggest less...

Tap Oil has confirmed it is selling the Zola and Tallaganda discoveries, both off the coast of Western Australia. An internal sales process is underway and expected to take six months to complete. Zola has long been targeted for sale but little news from Tallaganda has been released since drilling earlier in the year.

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