Tap Oil reports Simpson-9 well discovery

Tap Oil Limited, an oil and gas exploration and production company with interests in Australia, New Zealand, Brunei and Philippines, announces that the Simpson 9 development well has successfully intersected the reservoir objective.

Logging over the Flag sandstone indicates an approximate 18 metre gross intersection of oil bearing reservoir. Current operations involve the running and cementing of the 178mm liner.

Depending on operational synergies the drilling of Simpson-10 may be brought forward with the completion and tie in of Simpson-9 expected after the operations at Simpson-10.

The Simpson-9 objective is located in permit TL/6, part of the Harriet Joint Venture, at a surface location of latitude 20°40′24.14″S and longitude 115°35′05.61 “E within the Barrow sub-basin. The Simpson-9 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.

The company management is pleased with operations on Simpson-9 progressing ahead of schedule and the discovery of an oil bearing interval at the Flag sandstone objective in line with our pre-drill expectations.

Production from Simpson-9 is expected to commence in December in line with the repairs to the Harriet Joint Venture processing facilities on Varanus Island.