TAP 0.00% 7.8¢ tap oil limited

Fellow lovers of small cap oilers

  1. 673 Posts.
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    Fellow lovers of small cap oilers,

    Been watching Tap over past couple of days. Moving averages suggest some renewed interest in this one, but volumes are small (approx 270K average). Will continue to monitor through to next week as drilling program results come to the markets attention.

    The following excerpt taken from todays announcement from Tap Oil:

    "DRILL PROGRAMME: Two prospects in the newly acquired acreage are scheduled for drilling in the near term. The Ceres-1 well in WA-261-P is anticipated to spud in the next 24 hours and is planned to reach its target within 5 days. The Altostratus-1 well is anticipated to spud in March 2003 following the drilling of Crackling South-1.

    Both the Ceres and Altostratus prospects have similar seismic attributes to the Stag Oil Field. Like Stag, the target horizon is the M Australis Sandstone which is anticipated to lie at depths of approximately 800 metres."

    As I write this England now 3 out and Bickel just dropped another caught and bowled chance!

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Currently unlisted public company.

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