Tap Oil Limited ("Tap") provides the following information on the Maitland-2 and-3H wells which spudded on 6th September 2007.

The Maitland-2, 3H appraisal wells are located in permit WA-33-R at a surface location of latitude 20°32'34.59"S and longitude 115°09'47.19"E in the Barrow Sub-basin, approximately 40 kilometres north-west of Barrow Island and 5 kilometres south-east of the John Brookes field. Maitland-3H is a horizontal side track drilled from the Maitland-2 location.

As of Friday 12th October testing operations of Maitland-3H had re-commenced, following remedial work to address problems associated with water influx. The Maitland-3H production test is currently in initial clean up phase with gas flow to surface and associated clean up liquids as per expectation. A stabilized production rate has not yet been established. The production test, including buildup period, is expected to take approximately one week. The well will then be plugged and abandoned as planned.

Tap is very pleased that the flow of gas to surface has confirmed the extent of the Maitland field. Initial flow performance is within expectations at this stage. The production test results will be used to establish development production rates for the field.