News Articles for Tap Oil

Board Moves October 23, 2019

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Our daily board moves wrap includes Timothy Cotton, Louis Calvarin, Kevin Dundo, Winnie Lai Hadad, Victor Rajasooriar, Govert van Ek, Peter McMorrow, and Matthew Blake.

Corporate finance deals Sep 9 to 13 2019

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A summary of last week's smaller deals that did not get included in our daily news coverage.

Board Moves October 15, 2018

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Atlas Iron has appointed Spiro Pappas, Professor Ian Plimer, Tad Watroba and Stephen Wood as non-executive directors with Mr Pappas being elected as chair.

Risco ups Tap offer to $39m

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil major shareholder Risco Energy Investments has increased its takeover offer for the oil and gas company to $38.7 million on the back of BDO's independent expert valuation.

Tap rejects $30m Risco bid

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has urged shareholders to reject a $29.8 million takeover bid from major shareholder Risco Energy Investments, after independent expert BDO valued the company well above the offer price.

Board Moves May 29, 2018

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Yitzchac (Issy) Livian has resigned as executive director of HearMeOut.

Tap board rejects $30m takeover

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The board of Tap Oil has recommended shareholders reject a $29.8 million takeover from major shareholder Risco Energy Investments, saying the proposal is opportunistic and undervalues the company.

Risco plans $30m Tap Oil takeover

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

After overhauling Tap Oil's board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.

Board Moves February 23, 2018

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Scott Waddell has resigned as chief financial officer and company secretary of Metro Mining.

Tap loses four directors

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has announced the resignation of four of the company's directors, including executive chairman James Menzies and Peter Mansell, with two nominations from major shareholder Risco Energy Investments appointed as replacements.

Panel rejects Tap application

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The Takeovers Panel has rejected an application by Tap Oil claiming its two biggest shareholders had become associated, with the panel refusing to make a declaration of unacceptable circumstances.

Tap takes action over major shareholders

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has submitted an application to the Takeovers Panel requesting the disclosure of details surrounding major shareholders Risco Energy Investments and Chatchai Yenbamroong, and for the pair to be restrained from voting at the company's annual meeting.

Risco seeks board overhaul at Tap Oil

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil major shareholder Risco Energy Investments has notified the company of its intention to overhaul the company's board at the next planned annual meeting in February.

Board Moves December 15, 2016

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has appointed current independent non-executive director, James Menzies, as executive chair. Mr Menzies succeeds Doug Bailey, who will retire from the board.

Tap names new chairman

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Oil and gas play Tap Oil has confirmed James Menzies as its new chairman, after he joined the board in May as a director and was earmarked as Doug Bailey's successor.

Tap mends fences with dissident shareholder

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Perth-based Tap Oil has settled its outstanding disputes with its second-largest shareholder, days before the matters were to hit the courts in Singapore.

Thai firm bids for ailing miner Kingsgate

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A Thai petroleum millionaire has launched a low-ball offer for ailing Australian gold miner Kingsgate Consolidated as its future teeters on the brink.

Tap calls truce with dissident shareholder

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil says it expects to resolve outstanding disputes with a dissident shareholder after announcing a major restructure that will see the current chairman retire and three new directors join the board.

Chief out as Tap Oil restructures

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Troy Hayden will step down from the helm of Tap Oil as the company swings the axe on jobs and operations so it can meet its now-restructured debt repayment obligations.

Tap Oil to raise cash, flags cost cuts

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has flagged a range of cost-cutting strategies while announcing a $6.75 million capital raising to pay back debt, after final terms of a refinancing deal with Macquarie Bank fell through.

Big protest vote at Tap meeting

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil shareholders have lodged a big protest vote, with more than 35 per cent of votes cast against three resolutions at today's annual meeting, with dissident shareholder Chatchai Yenbamroong accounting for a large share of the opposition.

Tap shareholder battle taken up a notch

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Chatchai Yenbamroong has fired another round into his dispute with Tap Oil, with a letter to the company's shareholders calling for their support in his proposed board spill.

Tap partner served $35m default notice

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

A dispute between Tap Oil and one of its substantial shareholders has escalated after the operator of the company's flagship Manora oil development served joint operator Northern Gulf Petroleum with a $35 million default notice.

Tap flags company sale amid takeover threat

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Perth-based oil and gas company Tap Oil has launched a strategic review process that includes the possible sale of the business, after one of its substantial shareholders proposed a board shake-up.

Neon to merge with MEO

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Neon Energy may be leaving its Perth headquarters after entering into a merger implementation agreement with MEO Australia, which would create a combined entity based in Melbourne.

Pay renegotiation pressure point

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

FEATURE: Salaries have come under huge pressure during the past year as widespread cost cutting takes its toll on executives' take-home pay.

Apache and partners announce Bianchi gas discovery in Carnarvon Basin

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Apache Northwest, Santos and Tap Oil announced today that drilling at the Bianchi-1 natural gas well co-owned by the three companies had confirmed a gas discovery, the second for the companies' offshore Carnarvon Basin joint exploration projects. Bianchi is located in the WA-49-R retention lease, around 60km north-west of Onslow and west of Barrow Island, and approximately 21km south of the Gorgon gas field. It is the second confirmed gas discovery in the retention lease, after the Zola-1 well, owned by the same companies and located about 6.4km south-west of the Bianchi site, tested positive in April 2011.

OTOC chief bucks tight pay trend

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

In the second of this year's quarterly series on executive remuneration, we find one conspicuous exception to the tighter salary packages on offer.

Tap Oil MD signs new deal

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil managing director Troy Hayden has signed a new contract that offers lower cash income but more incentives linked to the company's share price performance.

Tap secures financing for Thai oil project

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has secured more than $68 million in debt finance to fund the development of its Manora oil project in Thailand.

Jurien family claims ruling left it high and dry

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

PERTH businessman Paul Underwood says a prolonged dispute with the Department of Water over compulsorily acquired freehold land has burdened his family with extensive legal costs and left them with

Tap Oil sells out of Harriet JV

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has washed its hands of any exposure to legal action surrounding the Harriet gas joint venture, selling its 12.2 per cent stake to a subsidiary of Apache Corporation for $10 million.

Santos approves $490m Fletcher Finucane oil project

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Santos today announced the final approval of the $490 million Fletcher Finucane oil project in the Carnarvon Basin, offshore Western Australia, and an increase in its equity interest after buy

Tap waits for Burrup call

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil says it expects any bidders for Burrup Fertilisers will have to contact it, as the legal and contractual disputes over its gas supply deal with Burrup escalate.

Former Woodside executive joins Tap Oil

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

West Perth-based Tap Oil has appointed former Woodside Petroleum executive Troy Hayden as the company's new chief executive officer and managing director.

Tap raising $82m for acquisition

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

West Perth-based Tap Oil plans to raise $82 million to fund the acquisition and evaluation of oil assets in the Gulf of Thailand.

West Perth building value as the state’s premier resources company destination

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

The success of West Perth as a natural resources hub is all about its ability to adapt.

Tap's Strickland gives notice

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil announced today that managing director Peter Stickland has given notice to the board that due to family reasons he does not intend to renew his employment agreement.

Tap Oil's $4.9m loss due to Varanus

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil has posted a loss of $4.9 million in its half year results to June 30 after the explosion at Varanus Island impacted upon production levels and, in turn, affected sales.

Tap Oil cuts exploration spend by 65%

Bookmark

Save articles for future reference.

Subscribe to BN Log In

Share to

• Facebook
• X
• LinkedIn

Tap Oil says it will farm-out interests in some of its projects in order to boost its forward cash flow while it cuts its 2009 exploration expenditure by 65 per cent on the back of lower oil prices.