Dec 16 (Reuters) - Tap Oil Ltd TAP.AX :
* Company update & capital raising TAP.AX
* Outstanding debt balance reduced to US$43.5 million
* Additional funding will be used ensure Tap to continue to meet minimum US$10 million bnp facility liquiity treatment
* Existing debt facility with bnp paribas & siam commercial bank to be retained
* During 2016, a further US$21 million is forecast to be repaid, with remaining debt balance to be repaid by q3 2017
* Source text for Eikon ID:nASX7mjFRC