March 2016
Oil price slump claims Tap Oil CEO and half of staff under restructuring
Tap Oil will lose its CEO and more than half its staff in an overhaul forced by plunging prices that means its major Asian shareholders will boost control of the junior producer.
- Angela Macdonald-Smith
September 2015
Tap Oil needing support
The next two months will be critical for the company to address its debt issues.
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- Elise Shaw
March 2015
Tap Oil a ‘sell’ at UBS
UBS has a “sell” recommendation on Tap Oil and a 12-month price target of 34¢.
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- Elise Shaw
November 2014
Tap Oil (TAP)
Hartleys Research has maintained a “speculative buy” on Tap Oil (TAP) and a 12-month target price of 74¢ a share after announcing production has commenced at the Manora Development offshore Gulf of Thailand.
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- Elise Shaw
Oil slump toughens choices for juniors
After two years of struggle, cost overruns and delays for its Thai oil project, it was rough for Tap Oil’s return to the ranks of petroleum producers to be met with the lowest prices for more than four years.
- Angela Macdonald-Smith
Tap Oil gets boost from Thai start-up
Tap Oil has rejoined the ranks of oil producers with the start-up of the $US300 million Manora project in the Gulf of Thailand, ending a two-year period where it was reliant on sales of third party oil and gas for revenues.
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- Angela Macdonald-Smith
March 2014
Collaboration key for new BCA president Catherine Livingstone
The message from the Business Council of Australia’s new president, Catherine Livingstone, is clear: youth unemployment is one of her big concerns and she wants greater engagement between business and young people to improve work experience programs and foster the skills needed in the digital age to give Australia a leg-up on the global stage.
- Michael Smith
Woodside picks up new Myanmar blocks
Woodside Petroleum has won four new exploration permits in the Rakhine basin off the west coast of Myanmar in partnership with UK gas major BG Group.
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- Angela Macdonald-Smith
July 2013
UBS boosts Tap Oil to ‘buy’ after Ghana find
Tap Oil’s exploration upside makes it look attractive, but also in the interim the company’s Manora oilfield development in Thailand is on track to commence production in 2014. It has an economic field life in the vicinity of 11 years, and is expected to produce 15,000 barrels of oil a day of which 30 per cent is attributable to Tap.
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- Trevor Hoey
June 2013
Apache, Santos hit gas in Carnarvon Basin
Apache and its partners in the Zola gas discovery off the West Australian coast look to have come up trumps, finding more gas at an appraisal well drilled nearby, according to junior partner Tap Oil.
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- Angela Macdonald-Smith
December 2012
CEOs: It’s more than survival of the fittest
Being a boss in Australia has never been tougher. Increased scrutiny on performance from investors jaded by profit warnings and write-downs, combined with the perils of navigating a rapidly changing global economy means chief executives who don’t perform are quickly shipped out.
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- Jenny Wiggins
Tap Oil bides its time on gas sales
Tap Oil may have gone quiet on the sale of its stakes in the Zola and Tallaganda gas fields in the Carnarvon Basin but there’s plenty happening behind the scenes.
- Sarah Thompson and Anthony Macdonald
July 2012
Company briefs
Customer satisfaction with the big four banks fell for the fifth consecutive month in June, down 0.20 of a percentage point to 76 per cent. Roy Morgan research director Norman Morris said: “Although each of the big four has shown some decline since January, it has been the ANZ that clearly has had the biggest fall over this period, going down by 5.4 percentage points, due mainly to a 10.1 percentage point drop in the satisfaction level of their home loan customers.”
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April 2012
The Good Oil: Time to step up to the plate
Oil exploration has never been for the faint-hearted. But the risk in Australia is there will be fewer and fewer companies prepared to accept the challenge.
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- Angela Macdonald-Smith
February 2012
Tap Oil slips out of sticky situation
Tap Oil has sold its stake in the Harriet joint venture in Western Australia and pocketed $10 million from the deal.
- Sarah Thompson, Christine Lacy and Stephen Shore
January 2012
Likely higher oil price sparks output interest
Oil companies will be in focus this week as a number of large caps are due to release their production updates for the December quarter.
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- Bianca Hartge-Hazelman
December 2011
Tap seeks to scrap Burrup gas contract
Tap said on Friday that it considers that Burrup, through its receivers and managers, had breached confidentiality terms included in the gas contract.
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- Angela Macdonald-Smith
Company briefs
Former senior ACP Magazines executive Pat Ingram has been appointed editorial director of Fairfax Media’s Sunday Life magazine.
November 2011
Afternoon resources round-up
White Energy Company, Tap Oil, Cooper Energy, Austin Exploration, Orocobre, Talga Gold, Blackthorn Resources, Ampella Mining, Investigator Resources, Geodynamics, Origin Energy, Alcyone Resources, Jatenergy, Cobar Consolidated Resources, Southern Cross Goldfields, Avonlea Minerals, Black Ridge Mining, Carpentaria Exploration, Carbine Resources, Amex Resources, Celamin Holdings
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October 2011
Afternoon resources round-up
CGA Mining, Tap Oil, AWE, Troy Resources, Golden Gate Petroleum, Enerji, Cockatoo Coal, Pacific Energy, Gippsland, Syrah Resources, Corazon Mining.
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