Dec 14 (Reuters) - Tap Oil Ltd (TAP) :
- ANNOUNCES MANORA CRUDE OFFTAKE AGREEMENT
- OFFTAKE AGREEMENT HAS BEEN SIGNED IN RELATION TO MARKETING OF CRUDE FROM MANORA OIL FIELD
- MANORA CRUDE OFFTAKE AGREEMENT SIGNED AT A SLIGHTLY IMPROVED PRICE PREMIUM TO CURRENT ARRANGEMENTS
- OFFTAKE WILL BE UP TO A MAXIMUM, AT SELLER'S DISCRETION OF 300,000 BARRELS IN EACH MONTH OF LIFTING AT A PRICE OF PLATTS DUBAI PLUS A PREMIUM
- AGREEMENT WILL TAKE EFFECT FROM 1 JANUARY 2019 AND HAS A 12 MONTH TERM
- MANORA OIL FIELD OPERATOR & UNIT SECURED AGREEMENT WITH PTT PUBLIC COMPANY LTD & PTT INTL TRADING PTE LTD FOR 100% OF SELLER'S ENTITLEMENT
