A balanced portfolio of 2 potentially world class oil and gas projects
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 30/08/2011: A0.50…
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, leads, and play types Known oil discoveries Turtle Unrisked best estimate prospective resource 867 Barnett million barrels of oil (high side of…
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 elements necessary for successful exploration program (source, trap, seal, migration, reservoir) 4 prospects identified in the Upper, Middle, and Lower Jurassic intervals…
Tarfaya Stratigraphy Zeus Assaka Trident TMA/La Dam 11
Tarfaya Multiple Hydrocarbon Indicators Onshore oil shale mine Oil and gas seeps visible on seismic Cap Juby Oil Field Oil See p Oil Shale Mine 12
Tarfaya Upper, Middle, Lower Jurassic Prospects Netherland, Sewell & Associates Inc. conducted an independent evaluation of the initial Upper to Lower Jurassic prospects Assaka, Trident, TMA, and La Dam Assaka Prospect Trident…
Tarfaya Top Jurassic - Zeus Prospects New play concept at Top Jurassic Fractured dolomite reservoir Zeus mapped closure 1030 square kilometres Large upside potential 6 additional prospects identified in this horizon 14
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 by Schlumberger (WesternGeco) to be completed by…
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 2,813 km 2D seismic…
WA-442-P, NT/P81 Overview Located in the Southern Bonaparte Basin offshore Australia, 250 km southwest of Darwin Total Area 3,900 km2 TPT operates with 90% WI Turtle / Barnett Oil discoveries in 1984-85 Milligans Fan Existing…
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 Permits are strategically located in relation to existing and…
WA-442-P, NT/P81 Super Novas Deep Gas Play Schlumberger (WesternGeco) mapped 2 horizons below the Top Bonaparte Formation Nova resulting in 2 substantial prospects, Nova and Super Nova Probabilistic estimate of unrisked…
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 22
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 23
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 Map 6 new top Mapping of Jurassic…
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 2012…
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 Share…
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