Australian minnow Tap Oil says it is looking to sell at least some of its 10% stake in the WA-290-P permit, where the major Zola gas discovery was made earli- er this year. "It is appropriate for a com- pany of Tap's size and funding capabili- ties to consider monetising an asset like Zola prior to the incurrence of the large scale LNG development costs which are likely required to bring the asset into pro- duction in a time frame of at least five years," Tap said in its quarterly report, adding that it has recently received sever- al enquiries from large overseas industry players about its plans for Zola.
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