Tap Oil gets time to acquire stake in permit VIC/P67 (Scandinavian Oil-Gas Magazine)

Tap Oil gets time to acquire stake in permit VIC/P67

Published Dec 30, 2014

Australian energy company WHL Energy Limited has agreed to grant an extension to Tap Oil Ltd (TAP) for the election date of the seismic option to acquire a 10 percent interest in exploration permit VIC/P67 in Otway Basin offshore Australia, until the close of business Feb. 13, 2015.

During October, WHL Energy Limited commenced a farm-out process for VIC/P67 to seek partners through the exploration drilling phase while retaining meaningful exposure to the permit.

A data room was opened and strong interest was received from a number of pre-qualified companies, the Company remains in discussions with several companies regarding a potential farmin.

Tags: Tap Oil Limited, WHL Energy Limited

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