Tap Oil Limited provide the following update of contingent resources in the WA-49-R retention lease in the offshore Carnarvon Basin, including the Zola, Antiope and Bianchi-1 discoveries. This follows the successful Bianchi-1 discovery in July 2013 with analysis now confirming the Contingent Resources. Tap estimates gross 2C contingent resources of 638 PJ within the retention lease and a net resource to Tap of 64 PJ.
Tap will book an additional 16 PJ of net 2C contingent resource in the WA-49-R retention lease for the Bianchi-1 discovery. Tap has booked 48 PJ of net 2C contingent resource for the Zola and Antiope discoveries in WA-49-R (46 PJ as per the 2012 Tap annual report with an upwards revision of 2 PJ in 2013).