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AUSTRALIA

Tap seeks farm-out of Bass Basin block

TAP Oil is on the hunt for a farm-out partner for T/47P in Bass Basin and expects to drill a well targeting the Craigow prospect in the permit in January 2011.

The company is conducting a farm-out exercise and would consider a partial reduction of its 75% equity in the permit if it received an acceptable proposal. It added that the drill date for Craigow, which...

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