OPERATIONS

Tap to book reserves in next quarter

TAP Oil will look to book reserves from Thailand and Western Australia in the next quarter, with the company holding no debt and $53 million in cash on the back of an almost 30% lift in quarterly sales revenue.

James McGrath

While production was down 2% quarter on quarter to 227,429 barrels of oil equivalent, the company bagged $13.3 million in oil and gas revenue. The Finucane South-1-A well at WA-191-P was drilled during...

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