Tap Oil Limited provides the following update on the Manora Oil Development in the Northern Gulf of Thailand (TAP 30% interest).

Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that at 10.00 (AWST) the Atwood Orca jackup drilling unit spudded the first of 15 planned development wells, MNA-02.

The MNA-01 and MNA-02 wells will be batch drilled to final total depths of 2,104 m and 2,441 m measured depth respectively and shall be completed with electric submersible pumps (ESPs) ahead of handover to Production. Drilling and completion of both wells is planned to take 24 days on a trouble free basis.

Both wells are required ahead of introduction of hydrocarbons to the Manora production facility. Production is expected to occur shortly after the completion of the MNA-01 and MNA-02 wells.

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