Tap Oil Announces Zola-1 Rig On Location

Tap Oil Limited is pleased to advise that the Operator of WA-290-P, Apache Northwest Pty Ltd  has advised that the Stena Clyde semi-submersible drilling rig is currently running anchors at the Zola-1 drilling location and the well is expected to spud in the next 24 hours.
Once commenced, drilling of Zola-1 is planned to take approximately 40-50 days to reach to a final total depth of around 5,000 metres.
Tap’s Managing Director and CEO, Peter Stickland said that Tap is looking forward to commencing the high-impact Zola-1 well.
"Zola is a very large, moderate risk prospect and if successful could deliver a resource several times larger than Tap Oil's current 2P reserves,” Mr Stickland said.
Source: Press release