Investor Presentation January 2013 ASX Code TAP This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain by the nature of the business and no…
Corporate Profile Board of Directors Tap Price / Volume Chart Douglas Bailey 0.90 Chairman (Non-Executive) 0.80 Troy Hayden 0.70 Managing Director/CEO Michael Sandy 0.60 Non-Executive Director 0.50 Douglas Schwebel 0.40 Non-Executive…
Corporate Profile Tap Oil Profile Market Data Tap Oil (ASX: TAP) is an independent oil Current Share Price A0.65 and gas exploration and production company, Shares On Issue 242 million headquartered in Perth, Western Australia. The…
Investment Case Revitalised company now primed for growth Production to commence from the Manora Oil Development in early 2014 11 year field life Production expected to ramp up to peak rate of 15,000 barrels of oil per day (gross)…
Revitalisation of the Company Managing Director/CEO, Troy Hayden began at Tap in December 2010 Since commencement, major initiatives have been taken to reshape Tap: Rejuvenated Board and Management Strict commercial culture…
Achievements and Future Milestones 2011 2012 2013 2014 Exit from Brunei Sale of interest in Finucane Manora Oil Development Tallaganda-1 volumetrics Fletcher JV first production WA-351-P Debt financing for pre-emption and resale Sale…
Diverse and Balanced Asset Portfolio Appraisal/ Production Exploration Development & Revenue Broad Portfolio Broad Portfolio WA Gas WA Gas & Oil Manora Oil Development Third Party Gas contracts FID July 2012 A30 million revenue WA…
Active portfolio management delivering results Commercial transactions have bolstered funding and added value Commercial transactions Increased funding and value add Sold interest in Harriet JV to Apache for All liabilities relating…
Core Focus Areas some of the worlds most prolific oil and gas provinces Northern Gulf of Thailand Manora Oil Development FID reached July 2012 Up to three exploration wells are expected to be drilled in 2013 Carnarvon Basin, Western…
Thailand: Manora Development & Exploration Development with Exploration Upside Located in Northern Gulf of Thailand Prospective Resources significantly increased since acquisition in October 2010 Current 2P Reserves of 20.2 mmbbls…
Manora Oil Development Concept Total project cost estimated at US246 million (excluding abandonment). Taps share of cost is US74 million plus NGP carry US13 million Main components of the Manora Oil Field Development are: - Single…
Manora Oil Development Progress Indicative Manora Oil Development Project Phasing 2011 2012 2013 2014 Field Development Plan Final Investment Decision Award drill rig contract Development drilling Concept selection Award Engineering,…
Thailand: Exploration Near-Term Exploration Activity The 2012 exploration drilling program is now complete Two exploration wells have been drilled in the G1/48 concession and one in the G3/48 concession Manora-5 and Kinnaree-1 ST1…
Carnarvon Basin: WA-290-P & WA-49-R Zola-1 Major Gas Discovery Located on trend and immediately south of the giant Gorgon gas field RPS independently confirmed 378 Bcf of Contingent Resources sales gas (mean gross) and up to 584…
Carnarvon Basin: WA-351-P Tallaganda-1 Gas Discovery Tallaganda-1 was the first Triassic well in WA- 351-P and was drilled early in 2012 The discovery straddles WA-351-P and WA-335-P Comprehensive suite of wire line logs Tap…
Carnarvon Basin: WA-320-P & WA-155-P (Part II) WA-320-P & WA-155-P (Part II) Gas Prospect Located south of the Zola-1 discovery in a similar geological setting The Palmerston gas prospect straddles WA-320-P and the adjacent…
Carnarvon Basin: Onshore SPA 5 AO & SPA 6 AO Targeting Shale Oil and Gas Rusa Resources holds full equity ownership in two special prospecting authorities (SPA) with acreage options (AO) The SPAs were granted to Rusa in December…
Carnarvon Basin: TL/2 and TP/7 Appraisal well targeting Mardie Greensand TL/2 production license and TP/7 exploration permit are located in the offshore Carnarvon Basin, approx 40km NNE of Onslow The Taunton oil field was…
Ghana: Offshore Accra Contract Area Tap has reduced its interest from 40% to 17.5% and transferred operatorship to Ophir Ophir is a successful, African focused upstream oil and gas company with significant deepwater West African…
Significant Activity Ahead Near-Term Catalysts Project Tap Share 2013 2014 Q1 Q2 Q3 Q4 Q1 Drilling of WA-49-R Australia, Carnarvon Basin appraisal well, Bianchi-1 WA-290-P / 49 - R 10% Bianchi-1 appraisal well Drilling of TL/2 and…
Investment Case Revitalised company now primed for growth Production to commence from the Manora Oil Development in early 2014 11 year field life Production expected to ramp up to peak rate of 15,000 barrels of oil per day (gross)…
Appendix www.tapoil.com.au ASX Code TAP This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain by the nature of the business and no assurance…
Thailand: Manora Oil Development Source: Mubadala Petroleum - Thailand 24
Capital Structure Top 20 Shareholders as at 23 January 2013 Name Shares % HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 50,201,722 20.78 CITICORP NOMINEES PTY LIMITED 22,584,834 9.35 NATIONAL NOMINEES LIMITED 19,164,344 7.93 J P MORGAN…
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