Offshore staff

WEST PERTH, Australia --Tap Oil Ltd. has completed a 3D seismic survey on its SC 41 Alpine block offshore in the Sulu Sea. Data processing has begun and interpretation is expected by the end of 3Q 2007.

Based on existing 2D seismic data, the SC41 holds several leads which are interpreted to have the potential for 50 to 150 MMbbl of oil along trend from the Wildebeest -1 exploration well, which discovered 40o API oil in 2000.

Further exploration drilling in SC41 is anticipated in mid 2008.

07/12/2007