Tap Oil Limited provides the following information for the Simpson 10 development well.

Simpson-10 has successfully intersected the reservoir objective. Logging over the Flag sandstone indicates an approximate 15 metre gross intersection of oil bearing reservoir. Current operations involve installing the 178mm liner and completion of the well. The Ensco 106 rig will then be moved back to Simpson 9 to run the completion after which both wells will be tied in for production.

The Simpson-10 objective is located in permit TL/6, part of the Harriet Joint Venture, within the Barrow sub-basin. The Simpson-10 prospect is approximately 2.5 km south of Varanus Island and is being drilled from the Simpson Bravo Platform using the Ensco 106 jack-up rig.

Tap is pleased with operations on Simpson-10 progressing ahead of schedule and the discovery of an oil bearing interval at the Flag sandstone objective although it is at the lower end of our pre-drill expectations. Production from Simpson-10 is expected to commence in December in line with the repairs to the Harriet Joint Venture processing facilities on Varanus Island.

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