Business Services Industry

Underwood steps down from Tap board after turbulent years.

Australasian Business Intelligence, June, 2009

Byline: Kate Emery

Jun 23, 2009 (The West Australian - ABIX via COMTEX) -- Tap Oil has lost the services as a director of ex-CEO Paul Underwood, who is resigning from the board about a year and a half after also making room for successor Peter Strickland in the lead role. Underwood was recently appointed a director of Western Power, and during his time at Tap fended off various moves to unseat him. He also was in charge of the ultimately failed merger bid for Arc Energy. On 22 June 2009 Tap stock closed $A0.025 lower at $A1.15.

Publication Date: 23 June 2009

TAP OIL LIMITED - ASX TAP

ARC ENERGY LIMITED

AUSTRALIAN WORLDWIDE EXPLORATION NL - ASX AWE

WESTERN POWER DISTRIBUTION LIMITED

WYLLIE GROUP PTY LTD

OTTO...

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