Mubadala to Drill Sri Trang-1 Well in Thailand's Offshore Block G1/48 Soon - See more at: http://www

Tap Oil Limited, an Australian oil and gas exploration and production company, provided Monday the following Funding and Exploration drilling update.

As announced March 31, Tap has now executed an Amended Facility Agreement with BNP Paribas and Siam Commercial Bank (BNP Facility).

The current outstanding balance of the BNP Facility is $25 million. At current oil prices (Brent forward as at April 7), Tap expects the outstanding balance of the BNP Facility at Dec. 31, ember to be $9 million and the cash position to be approximately $7 millio

- See more at: http://www.rigzone.com/news/oil_gas/a/143924/Mubadala_to_Drill_Sri_Trang1_Well_in_Thailands_Offshore_Block_G148_Soon#sthash.xOxpc4dT.dpuf