Tap Oil Limited Announces the Appointment of Chris Newton as Chairman

Tap Oil Limited is an oil and gas exploration and production company. The Company's principal activities include oil and gas exploration, development and production and gas marketing. The Company's segments include oil & gas production and development; oil & gas exploration, and Third party gas. The oil & gas production and development segment includes the assets moved from the exploration phase to the development phase. This segment also includes producing assets, such as The Manora (G1/48). The oil & gas exploration segment includes all the areas of interest still in their exploration phase. The Third party gas segment includes the purchases and sale of gas. The gas purchases are based on contracted quantities and sales are done through agreements with customers or in certain instances through market sales. The Company has interest in Manora Oil field, Block M-07 Moatamma Basin, WA-351-P, WA-290-P and WA-49-R, WA-320-P and WA-155-P (Part II), TL/2 and TP/7, and Vic/P67-Otway Basin.