Tap evaluating Wonnich Deep-1

Tap Oil Ltd. is evaluating a gas-bearing Upper Jurassic Dupuy sandstone discovered in the Wonnich Deep-1 exploration well in production license TL/8.
March 22, 2007

Offshore staff

PERTH, Australia --Tap Oil Ltd. is evaluating a gas-bearing Upper Jurassic Dupuy sandstone discovered in the Wonnich Deep-1 exploration well in production license TL/8.

The Wonnich Deep-1 prospect is beneath the producing Wonnich Flag gas reservoir.

Tap Oil is a partner in the Harriet Joint Venture Participants through Tap (Harriet) Pty. Ltd., which has 12.2229% stake. The operator is Apache Northwest Pty. Ltd. with 68.5% interest .and Kufpec Australia Pty. Ltd, holds 19.2771%.

3/22/2007

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