London Investor Investor Briefing Update February 2011 August 2011
Investment Highlights A balanced portfolio of 2 potentially world class oil and gas projects Geographical spread in Morocco and Australia and a broad range of play types Significant equities in all projects (75%-100%)…
Company Overview KEY STATISTICS ASX Code: TPT Total Ordinary Shares: 82.03m Total Listed Options: 44.96m Total Unlisted Options: 1.20m Number of Shareholders: 849 Top 20 Shareholders 48.36% Price at 03/08/2011: A0.245…
Board and Management Mr Mark Ceglinski Mr Brent Villemarette Chairman Executive Director Mr Ceglinski is a corporate finance executive and Company Director. Mr Villemarette is a petroleum engineer with more than 29 years experience in…
Overview of Key Assets Tarfaya Offshore Block WA-442-P and NT/P81 Multiple prospects and leads Known oil discoveries Turtle Unrisked best estimate 867 million barrels of Barnett oil (high side of 4,959 million barrels of oil) on…
Tarfaya 8 permits covering 15,000 km, with water depth…
Tarfaya Morocco Morocco is a net importer of both oil and gas Circle Oil KSR-11 Morocco pays parity price for oil Gas Discovery 2011 Morocco encourages foreign investment and has excellent fiscal terms An Under-explored Past…
Tarfaya Multiple Objectives and Play Types Contains all the elements necessary for successful hydrocarbon fields (source, trap, seal, migration, reservoir) 4 prospects identified in the Upper, Middle, and Lower Jurassic…
Tarfaya Multiple Objectives and Play Types Multiple seismic leads identified within the shallower Cretaceous intervals currently being mapped by Schlumberger (WesternGeco) Early assessment indicates the Cretaceous intervals may…
Tarfaya Stratigraphy Zeus Assaka Trident TMA/La Dam 11
Tarfaya Multiple Hydro-carbon Indicators Onshore oil shale mine Oil and gas seeps visible on seismic Cap Juby Oil Field Oil See p Oil Shale Mine 12
Tarfaya Jurassic Prospects Netherland, Sewell & Associates Inc. conducted an independent report on the initial prospects La Dam, Assaka, TMA and Trident Trident Prospect Assaka Prospect Unrisked Prospective Oil Unrisked Prospective…
Tarfaya Jurassic Prospects NW Line 04TS-178 SE NW Line 04TS-178 SE Top Jurassic Top Jurassic Assaka Middle JurassIc Upper Jurassic Upper Jurassic Trident Middle Jurassic Middle Jurassic Lower Jurassic Lower Jurassic NW…
Tarfaya Top Jurassic - Zeus Prospects New play concept at Top Jurassic Fractured dolomite reservoir Large upside potential Little Zeus Area 50 km2 CI 20 ms Crest 1.2 ms Closure 30ms NW Line 04TS-214 SE Zeus Prospect Area…
Tarfaya Cretaceous Leads As mapped by Shell (1992) Stacked sand units with upwards of 25% porosity Majority of Tarfaya Block yet to be evaluated Mapping of initial seismic leads to be completed by September 2011 Prospective…
Tarfaya Seismic Program The Tarfaya Basin has an extensive seismic grid 12,500 km of 2D Seismic 580 km of 3D Seismic 3D seismic covers one of the primary prospects La Dam Data Reprocessed by Fugro 2,209 km 2D seismic…
WA-442-P, NT/P81 Overview Located in the Southern Bonaparte Basin offshore Australia, 250 km south west of Darwin Total Area 90% TPT (and operator) 3,900 km2 Turtle / Barnett Oil discoveries in 1984-85 Milligans Fan Existing gas…
WA-442-P, NT/P81 Turtle Barnett Multiple oil bearing reservoirs intersected on the Turtle Barnett structures Produced 792-920 BOPD (38 API) on drill stem test Additional structures and horizons have been recognized within the…
WA-442-P, NT/P81 Super Novas Deep Gas Play Schlumberger (WesternGeco) mapped 2 horizons below the Top Bonaparte Formation resulting in 2 substantial Nova prospects, Nova and Super Nova Schlumberger probabilistic estimate of…
WA-442-P, NT/P81 Super Nova Prospect B2 Depth Horizon Super Nova Crest: 6085 metres Spill: 8200 metres Vertical relief: 2115 metres Area: 232 square kilometres Unrisked Gas-In-Place (Tcf) P90: 38.2 P50: 60.1 P10: 80.6…
WA-442-P and NT/P81 Stratigraphy Milligans Deep Nova Fan Play Bonaparte Super Nova Deep Gas Play 23
WA-442-P and NT/P81 Seismic Program Data Being Reprocessed by Quantum Geophysics 3,200 km 2D Seismic 64 km2 3D Seismic Expected completion Q3 2011 WA-442-P NT/P81 Proposed 3D Survey 320 km2 24
WA-442-P and NT/P81 Seismic Reprocessing (1 August 2011) Improvements in seismic quality are: Better reflection continuity and fault definition Better resolution of deep structures Better resolution of horizons and sedimentary…
Activities 2011 2012 Quarter 3 Quarter 4 Morocco Finalise Finalise 3D acquisition Tarfaya Seismic Farm-out 2 wells reprocessing plan seismic and Mapping of Zeus / well campaigns Little Zeus Mapping of Cretaceous leads and…
Investment Summary Major equities in 2 world class opportunities Balanced portfolio Geographically Oil and gas Play types Step change value events over the coming months and year High impact drilling and seismic planned for…
Corporate Information Registered Office Level 1 681 Murray Street West Perth WA 6005 Postal Address PO Box 389 West Perth WA 6005 Telephone: +61 8 9322 2700 Facsimile: +61 8 9322 7211 Web: www.tangierspetroleum.com…
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