Tapping in to La Bella Vita

TAP Oil has farmed into the La Bella permit in VIC/P67, agreeing to pay up to $US2.95 million to purchase an initial 10% interest.

This follows its previously announced farm-in with AWE Limited, which acquired a 60% interest in the Otway Basin off the southwest of Victoria.

Tap will cover the first $2.95 million in seismic costs.