AI assistant
BHP Group Limited — Capital/Financing Update 2012
Mar 27, 2012
14787_rns_2012-03-27_d78fad06-d430-41ff-b010-d6cf4d425af5.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [89 x 46] intentionally omitted <==
28 March 2012
The Company Announcements Platform Australian Securities Exchange Exchange Centre 20 Bond Street SYDNEY NSW 2000
Tap Oil Limited ABN 89 068 572 341 Level 1, 47 Colin Street West Perth WA 6005 Australia
T: +61 8 9485 1000 F: +61 8 9485 1060 E : [email protected] www.tapoil.com.au
TALLAGANDA-1 WELL DRILLING UPDATE
Tap Oil Limited (ASX Code: TAP) provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia.
Location / Proposed Depth
The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia. The well is being drilled in 1,141 metres of water and the primary Mungaroo Formation target will be intersected at approximately 3,800 metres MDRT. Additional Mungaroo targets will see the well drilled to a depth of approximately 4,280 metres MDRT.
Progress
During the period from 0600 hours WST on 21 March 2012 to 0600 hours WST on 28 March 2012, drilling resumed. The current depth is 3,329 metres MDRT drilling ahead in the 311.15 mm (12¼”) hole section.
Forward Plan
The forward plan is to continue drilling ahead in 311.15 mm (12¼”) hole to the primary target. Following evaluation, the well will be plugged and abandoned in the normal course of offshore operations.
==> picture [224 x 180] intentionally omitted <==
WA-351-P Joint Venture Participants BHP Billiton Petroleum Pty Ltd (Operator) BHP Billiton Petroleum (Northwest Shelf) Pty Ltd 55 % Apache Northwest Pty Ltd 25% Tap (Shelfal) Pty Ltd 20%
Tallaganda-1 Location Map
Enquiries: Troy Hayden Managing Director/CEO David Rich CFO & Investor Relations Telephone: +61 8 9485 1000 Email: [email protected] Website: www.tapoil.com.au
202337_1.DOCX