Tap Oil provided the following update on its Manora Oil Development in the Gulf of Thailand.

Tap's Managing Director/CEO Troy Hayden said, "The Manora development is a highly significant project for Tap. It is expected to more than triple our existing reserves toward the end of 2011 and deliver production and revenue in early 2014.

While much of our current focus in Thailand is on the Manora development, we also see significant exploration potential in the Kra, Hua-Hin and Sattakut basins. These exploration opportunities are being actively pursued with substantial resources committed over the next six to 18 months to define and drill them."

Tags: Tap Oil Limited