Mar. 2013 - Tap Oil secured a $50 million field development facility with the Commonwealth Bank of Australia for the Manora oil field in block G1/48 in the Gulf of Thailand. The facility has a tenor of 4 years and is expected to be repaid within the first 24 months of production, which is scheduled for early 2014. Key contracts have been issued and construction of the platform and FSO has already begun. Manora will be developed with ten production and five injection wells. Recoverable reserves are estimated at 31.1 million barrels and production is expected to peak at a rate of 15,000 bopd. Pearl Energy operates the field with a 60% stake while Tap carries the remaining 40%.

Sep. 2012 - The Pearl Energy-led joint venture has awarded Clough and TL Offshore the platform procurement construction installation and commissioning contract. Clough will be responsible for the procurement, construction and commissioning portion of the work while TL Offshore will be responsible for offshore transporation and installation. Work is expected to commence in September 2012. Completion is anticipated in early 2014.

Sep. 2012 - The Pearl Energy-led joint venture has awarded Tanker Pacific Offshore Terminals the contract to carry out the conversion of the FSO to be used on the Manora field with work taking place in Singapore. Installation of the FSO is scheduled or early 2014.

Jul. 2012 - The Manora oil development is scheduled to proceed after its joint venture partners reached a final investment decision. The $246 million project will see a single wellhead platform linked to a floating, storage and offtake unit and the drilling of 15 development wells consisting of 10 production and five injection wells. Tap said that several prospects are being finalized based on recently acquired 3D seismic. The project has also secured a rig to dill up to three wells later this year, and drilling is scheduled to start in the second half of this year. First oil from Manora is being targeted for early 2014 with output expected to peak at about 15,000 barrels per day. The Manora oil development consist of two offshore concessions - G1/48 and G3/48 - sited in the northern Gulf of Thailand. The two concessions could contain up to 31 million barrels of recoverable oil resources.

Oct. 2011 - Pearl Energy has defined the field development concept and is finalizing development plans for the Manora field in Thailand. The concept selected includes a wellhead processing platform with water injection facilities and an FSO. Tap Oil, a partner in the field, has booked proved and probable (2P) reserves of 6.1 MMbbl of oil for the Manora field. The development concept means that the project has now progressed to the point where 6.1MMbbl of oil net to Tap fall within the 2P reserves. The addition of 6.1 million barrels increases Tap's 2P reserve position by more than three times to 8.2 million barrels. The company now estimates production from the field will expand to 31.1 million barrels of oil gross from the initial 24 million barrels of oil expected. This is from the main pay sequence that is the focus of the Field Development Plan (FDP) and two other oil pay sequences. Tap estimates that production will commence in early 2014, and reach a peak rate of about 15,000 bopd from 10 production wells and five injection wells in the main reservoir sequence. Manora lies in concession area G1/48 in the Gulf of Thailand. Pearl Energy operates the license, owning a 60 percent interest.

Jul. 2011 - Tap Oil, a partner in the Manora field, announced that a field development plan is scheduled for completion in the third quarter 2011. As the project moves toward Final Investment Decision, the joint venture will present the contracts to build the facilities. Under this timetable, first production is expected in early 2014. Manora lies in concession area G1/48 in the Gulf of Thailand. Pearl Energy operates the license, owning a 60% interest.

Jun. 2011 - Pear Energy said a field development plan for the Manora project is expected in mid-2011, which will lead to the booking of reserves. The consortium will submit a final investment decision for Manora in the first half of 2012 with the development phase lasting less than two years. Production will commence in 2014 with a forecast of 15,000 bopd. Manora lies in concession area G1/48 in the Gulf of Thailand. Pearl Energy operates the license, owning a 60% interest.

Nov. 2010 - The Manora-4 appraisal well was directionally drilled to a bottom hole location beyond the operator's current field limits at a measured depth of 11,401 feet (3,475 meters) and a true vertical depth of 9,997 feet (3,047 meters). Wireline logging was completed, and while the deeper section provided useful data, hydrocarbons weren't encountered. The well will be plugged and abandoned. The Manora-4 appraisal well is located in concession area G1/48 in the Gulf of Thailand. Pearl Energy operates the license, owning a 60% interest; Northern Gulf Petroleum owns 40%.

Oct. 2010 - Tap Oil, on behalf of Pearl Energy, announced that the Manora-4 appraisal well encountered a good reservoir, but the well is water wet. This confirms the operator's pre-drill interpretation that the primary reservoir target of the well is in a separate area beyond the known field limits. The Manora-4 well is at a current depth of 8,901 feet (2,713 meters) where wireline logging operations are now in progress. About 259 feet (79 meters) of core was removed through the reservoir sands, which will provide reservoir data for the field development plan. Drilling will continue until the final depth is met. The Manora-4 appraisal well is located in concession area G1/48 in the Gulf of Thailand. Pearl Energy operates the license, owning a 60% interest; Northern Gulf Petroleum owns 40%.

Oct. 2010 - Drilling has commenced on the Manora-4 appraisal well in concession area G1/48 in the Gulf of Thailand. The Manora-4 well is a stepout well targeting an area adjacent to the Manora field, and will be directionally drilled to a bottom hole location beyond current field limits at a measured depth of nearly 11,877 feet (3,620 meters) and a true vertical depth of about 10,105 feet (3,080 meters). The well is planned to penetrate a deeper interval, which has the potential for deeper oil reservoirs not yet discovered. Pearl Energy operates the license, owning a 60% interest; Northern Gulf Petroleum owns 40%.