Tap Oil Provides Tallaganda-1 Exploration Well Update

Perth based Tap Oil in its Tallaganda-1 exploration well update has said that preliminary analysis have confirmed a gas discovery in the Mungaroo Formation. 

The preliminary interpretation of well results confirms that Mungaroo reservoir quality over the gas bearing interval penetrated in the well is variable at this location on the Greater Tallaganda Structure.  Further analysis is required to assess the commercial viability of the project.

Tallaganda-1 will be plugged and abandoned as planned while operator BHP Billiton Petroleum completes its evaluation of the well results.

The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia.  The well was drilled in 1,141 metres of water to a final total depth of 4,365 metres.