Inactive Instrument

Tap Oil Limited

Equities

TAP

AU000000TAP1

Tap Oil Limited Enters into Further Commodity Hedge Contracts with BP Singapore Pte Limited

August 16, 2020 at 06:28 pm EDT

Tap Oil Limited advised that it has entered into further commodity hedge contracts with BP Singapore Pte Limited ("BPS") to cover the scheduled November 2020 Manora crude oil lifting. Details regarding the 45,000 barrels of contracted November 2020 hedges with BPS are as: 27,000 bbls of swaps at a fixed Dubai crude oil price of $43.90/bbl; 18,000 bbls of buy puts at Dubai $41.00/bbl; 18,000 bbls of sell calls at a strike price of Dubai $48.00/bbl; Tap has previously hedged 45,000 bbls to be lifted in September 2020 and a further 45,000 barrels to be lifted in October 2020.

Latest news about Tap Oil Limited

Tap Oil Limited Reports Earnings Results for the Full Year Ended December 31, 2020	21-05-04	CI
Tranche Update on Tap Oil Limited's Equity Buyback Plan announced on September 29, 2020.	20-12-15	CI
Tap Oil Limited's Equity Buyback announced on September 29, 2020, has expired with 170,730,090 shares, representing 40.34% for AUD 13.32 million.	20-12-13	CI
Tap Oil Limited's Equity Buyback Plan Extended till December 14, 2020.	20-12-02	CI
Tap Oil Limited announces an Equity Buyback for 230,000,000 shares, representing 53.75% for AUD 17.94 million.	20-09-28	CI
Tap Oil Limited authorizes a Buyback Plan.	20-09-28	CI
Tap Oil Limited Reports Earnings Results for the Half Year Ended June 30, 2020	20-08-31	CI
Tap Oil Limited Enters into Further Commodity Hedge Contracts with BP Singapore Pte Limited	20-08-16	CI
Tap Oil Limited Updates on Manora 2020 Development Drilling	20-07-13	CI
Tap Oil Limited Provides Updated Information in Relation to the Ongoing Manora 2020 Development Drilling Campaign	20-06-15	CI
Tap Oil Limited Provides Update Information in Relation to the Manora 2020 Development Drilling Campaign	20-05-13	CI
Tap Oil Limited Reports Operating Results for the Year Ended 31 December 2019	20-03-30	CI
Tap Oil Limited Reports Earnings Results for the Full Year Ended December 31, 2019	20-03-01	CI
Tap Oil Limited Announces Special Dividend, Payable on December 31, 2019	19-12-05	CI
Tap Oil Limited Provides the Update on the Yothaka East-1 Exploration Well Drilled in the G1/48 Concession Manora Production License	19-12-05	CI
Tap Oil Limited Provides Update on the Inthanin-1 Exploration	19-11-27	CI
Tap Oil Limited Provides Manora Oil Field 3 Well Exploration Campaign Commences	19-11-20	CI
Tap Oil Limited Announces Manora 2019 Exploration Drilling Program	19-10-29	CI
Tap Oil Limited Announces the Resignation of Govert van Ek as Director	19-10-22	CI
Tap Oil Limited Announces Prospective Resource Estimates for Manora	19-09-29	CI
Kensington Energy Pty Ltd completed the acquisition of 20% participating interest in WA-72-R and 15% participating interest in WA-25-L from Tap Oil Limited.	19-09-12	CI
Kensington Energy Pty Ltd agreed to acquire 20% participating interest in WA-72-R and 15% participating interest in WA-25-L from Tap Oil Limited.	19-09-08	CI
Tap Oil Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019	19-08-26	CI
Tap Oil Limited Announces Completion of Development Drilling Program	19-08-20	CI
Tranche Update on Tap Oil Limited's Equity Buyback Plan announced on June 13, 2019.	19-08-06	CI

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Company Profile

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.

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