Source: www.gulfoilandgas.com 10/26/2007, Location: Not categorized
Tap Oil Limited advises that it has entered into a new gas sale agreement with a Western Australian customer. This agreement is expected to generate revenues of in excess of $96M over the period commencing late 2013 and ending early 2017. These revenues are in addition to the forecast revenues from the gas sale agreements announced on 21 September and 8 October 2007, bringing the forecast total gas sales revenues from these three agreements to around $243 million over the period to 2017. Subject to ongoing exploration and appraisal activities, Tap has no further gas to contract at this stage.