AUSTRALIA

Exploration writedowns impact Tap results

TAP Oil has posted a $61.4 million net loss after tax for the 2010 year due to $79.6 million in exploration writedowns and impairments.

Exploration writedowns impact Tap results

The net loss result compares to a $6.7 million profit achieved in the 2009 year and comes due to exploration writedowns and impairments relating to Block M, Brunei, SC 41 in the Philippines, and T/47P...

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