Operations

Below is a summary of current and future activities in which Tap Oil participates either as an operator a JV partner.

Current activities:

Brunei
Mawar-1 now drilling. Block M 2010 3D seismic acquisition commenced.

T/47P
Site survey completed. Rig ETA November 2010.

Forward Drilling Pr ogramme:

Last Updated: 3 September 2010

Note: All well timing subject to rig availability, joint venture and regulatory approval.


Well Name Permit no. Tap % Well Type Indicative timing
AUSTRALIA
Bambra-10 HJV

12.22%

Appraisal/Development

 1Q 2011
1-4 Wells HJV

12.22%

Appraisal/Development

 2011
Craigow-1* T/47P

75.00%

 Oil Exploration 4Q 2010
1 Well WA-351-P

25.00%

 Oil Exploration

2011

Zola-1 WA-290-P

10.00%^

 Gas Exploration

4Q 2010

SOUTH EAST ASIA

Mawar-1* Block M 39.00% Oil/Gas Exploration/Appraisal

3Q 2010

Markisa-1* Block M 39.00% Oil/Gas Exploration/Appraisal 3Q 2010
TBA* Block M 39.00% Oil/Gas Exploration/Appraisal 2011

WEST AFRICA
1 Well* ACCRA

36.00%

 Oil Exploration 2011/2012

*Denotes Tap operated well.
^Interest after farmout