Tap Oil Raises Ghana Prospectivity

Tap Oil has identified additional potential in the deeper water portion of the Accra block, off Ghana, and plans to acquire a large 3D seismic survey in the area.

The offshore Accra contract area covers an area of 2,000km² in water depths ranging from less than 50m to greater than 2,500m.

A regional 2D seismic from TGS licensed by Tap, has confirmed the presence of a potentially significant structural trend and several stratigraphic-structural features, similar to those explored elsewhere along the West African transform margin.

The firm plans to move directly to acquire 3D seismic data to mature this potential to a drill ready status.

The new 3D will be able to define additional drillable prospects in the area providing the firm with a broad range of alternative targets before drilling in late 2011 or early 2012.