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Tap Oil gets time to acquire stake in permit VIC/P67


Published Dec 30, 2014
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WHL Energy Limited

Australian energy company WHL Energy Limited has agreed to grant an extension to Tap Oil Ltd (TAP) for the election date of the seismic option to acquire a 10 percent interest in exploration permit VIC/P67 in Otway Basin offshore Australia, until the close of business Feb. 13, 2015.

During October, WHL Energy Limited commenced a farm-out process for VIC/P67 to seek partners through the exploration drilling phase while retaining meaningful exposure to the permit.

A data room was opened and strong interest was received from a number of pre-qualified companies, the Company remains in discussions with several companies regarding a potential farmin.

Tags: Tap Oil Limited, WHL Energy Limited




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