T/47P 2D seismic survey under way

CGGVeritas' M/V Pacific Titan is acquiring some 530 km (329 mi) of full-fold seismic data in the Molson 2D Marine Seismic Survey which began this week.

Offshore staff

WEST PERTH, Australia –CGGVeritas' M/V Pacific Titan is acquiring some 530 km (329 mi) of full-fold seismic data in the Molson 2D Marine Seismic Survey which began this week.

The survey, for Tap Oil Ltd., is in the Bass basin between Victoria and Tasmania and is part of Tap's assessment of the T/47P area which includes the 2007 3D Labatt seismic survey.

Both of these surveys will be used for prospect definition leading to the planned two well program planned for 2009. Rig slots have been secured in preparation for this program.

Tap (Shelfal) Pty Ltd. is operator with 40%. SPC Bass Pty Ltd. holds 35% and Jubilant Energy Ltd. holds 25%.

03/14/2008

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