Tap Oil Limited provides the following update on its commercial relations with Mr Chatchai Yenbamroong and his Northern Gulf companies.

Since January 2015, Mr Yenbamroong and his Bermudan company, Northern Gulf Petroleum Holdings Ltd (NGPH), have increased their voting power in Tap from approximately 6% to 19.98% of Tap's total issued capital through various on-market trades.

Mr Yenbamroong has advised Tap of his intention to call a general meeting of Tap shareholders to consider his proposal to replace all but one of Tap's existing directors with his own nominees.

Tags: Tap Oil Limited