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 earlier this year. "It is appropriate for a company of Tap's size and funding capabilities 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 production in a time frame of at least five years," Tap said in its quarterly report, adding that it has recently received several enquiries from large overseas industry players about its plans for Zola.
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