Tap Oil Limited announced that independent Non-executive Director, Mr. Damon Neaves, has been appointed as Chairman of the company, effective immediately. The company notes that former Chairman, Mr. Chris Newton, ceased as a Director at the close of the company's Annual General Meeting on 25 May 2018. Pursuant to the terms of Mr. Newton's Consultancy Agreement announced on 2 May 2018, Mr. Newton's consultancy automatically terminated on 25 May 2018, with an additional 90 days' consulting fee payable.