Tap Oil Limited
(ASX:TAP) has won two new exploration permits on the North West Shelf off Western Australia.
The explorer has been awarded 100 per cent of the block in a Barrow and Dampier sub-basins of the shelf.
Tap will undergo a three year work programme of seismic testing to run until the 5th March 2018.
Tap Oil recently announced a strategic review aimed at reducing debt.
Tap Oil reported a net loss of $52.1 million for the year ending 31 December 2014.
