Tap Oil provided the following information on the Hannah-1 commitment well, offshore Carnarvon Basin, Western Australia.

The Hannah-1 well is located in permit TP/8, approximately 18km east of Barrow Island. The well will be drilled in water depth of 16m by the jackup rig Ensco 104 (375' ILC).

The well will test a stratigraphic oil play in the lower Cretaceous Barrow Group. The primary target is expected to be intersected at approximately 1,200m. Hannah-1 is expected, on a trouble free basis, to take 10 days to reach a final total depth of 1,368m.

Progress

As at 6am AWST Nov. 16, the Hannah-1 well was at a depth of 918m. A 7” liner has been set to 948m.

Forward Plan

Drill out cement plug and drill ahead to primary target at approximately 1,200m.

TP/8 Joint Venture Participants

•Apache Northwest Pty Ltd 68.5000% •Kufpec Australia Pty Ltd 19.2771% •Tap (Harriet) Pty Ltd 12.2229%

Tags: Tap Oil Limited