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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Tap Farms-Out Interest in Two Carnarvon Basin Permits

Tap Oil JX Nippon Exploration and Production
AnnouncedJun 5, 2013
TypeFarm-In/Farm Out
Announced Date
June 05,2013
Effective Date
January 01,2013
Close Date
June 05,2013
Transaction Type
Farm-In/Farm Out




Snapshot
Asset/Basin:
{"Carnarvon Basin"}
Location
Region
Austral-Asia

Country
Australia


Transaction Details:  Subscribe to see

Tap Oil Limited a is pleased to announce that its wholly owned subsidiary Tap (Shelfal)
Pty Ltd has entered into an agreement with JX Nippon Oil and Gas Exploration (Australia) Pty
Ltd to farmout a portion of its interests in Exploration Permits WA-320-P and WA-155-P (Part II).
The Palmerston gas prospect straddles these two permits and may be drilled as early as the first
quarter of 2014.
Tap will farmout 10% of its interest in WA-320-P and 7% of its interest in WA-155-P (Part II) in
exchange for a 5% carry on the Palmerston well (up to a total well cost of US$70 million).
Following the farmout…

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