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                    [Title] => Aussie firm to launch $10-M oil search venture in Mindanao
                    [Summary] => 





Australian oil and gas exploration firm Tap Oil Ltd. will spend about $10 million (P480 million) for the development of Service Contract (SC) 41 in Sandakan Basin in Mindanao, a top company official said.


Paul Underwood, the company’s managing director, said they are actively pursuing opportunities in Southeast Asia.


"We are scheduled to start a $10-million seismic acquisition program in SC 41 toward the end of this month designed to assist in maturing prospects for drilling in this area in 2008," he said. 


                    [DatePublished] => 2007-04-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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PAUL UNDERWOOD

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                    [ArticleID] => 394567
                    [Title] => Aussie firm to launch $10-M oil search venture in Mindanao
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Australian oil and gas exploration firm Tap Oil Ltd. will spend about $10 million (P480 million) for the development of Service Contract (SC) 41 in Sandakan Basin in Mindanao, a top company official said.


Paul Underwood, the company’s managing director, said they are actively pursuing opportunities in Southeast Asia.


"We are scheduled to start a $10-million seismic acquisition program in SC 41 toward the end of this month designed to assist in maturing prospects for drilling in this area in 2008," he said. 


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                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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Aussie firm to launch $10-M oil search venture in Mindanao

By Donnabelle L. Gatdula | April 15, 2007 - 12:00am

Australian oil and gas exploration firm Tap Oil Ltd. will spend about $10 million (P480 million) for the development of Service Contract (SC) 41 in Sandakan Basin in Mindanao, a top company official said. Paul...

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