Tap Oil Limited says that the Labatt 3D Marine Seismic Survey, within Bass Basin permit T/47P, was completed on 1 January 2008. A total of 524.6 square kilometres of full-fold prime 3D data were acquired.

The primary aim of the Labatt 3D Seismic Survey is to mature leads in the vicinity of the Cormorant-1 well (which encountered oil in 1970) into drillable prospects. Several leads have been identified from existing 2D seismic data in this area, approximately 45 km northwest of the Yolla oil and gas field in the adjoining permit.

Final seismic volumes from the survey will be available for interpretation/analysis in the second quarter of 2008 and a rig has already been secured for two wells to be drilled on the defined prospects early in 2009.

Tap is very pleased to be rapidly progressing the work programme of T/47P, which was only awarded in March 2007.

Tags: Tap Oil Limited