Tap said the 530.5km of data, known as the Molson survey, would help it assess the prospectivity of the central and eastern part of the permit.

Seismic was acquired over the western portion of the permit late last year, specifically targeting the region around the Cormont-1 oil discovery well, and is being interpreted.

The latest survey was designed to partially infill existing 2D seismic and provide seismic coverage where there is currently little data in this part of the permit.

Final seismic volumes from the survey will be available for interpretation in the third quarter.

Both surveys will be used to define prospects in the lead-up to a planned two-well program in 2009.

Rig slots have been secured in preparation for this program.

Tap, as operator, holds a 40% stake in T/47P, along with SPC Bass (35%) and Jubilant Energy (25%).