Annual General Meeting 18 May 2011 www tapoil com au www.tapoil.com.au This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain by the nature…
Welcome Chairman of Meeting Quorum Notice of meeting Meeting procedures AGM 18 May 2011 163472-1 2
Introduction to Board of Directors Dr Neale Taylor Mr Troy Hayden Mr Peter Lane Chairman Managing Director/CEO Non-Executive Director Mr Michael Sandy Mr Douglas Bailey Non-Executive Director Non-Executive Director AGM 18…
Chairmans Report p 18 May 2011 Neale Taylor www tapoil com au www.tapoil.com.au This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain…
2010 Financial Performance 2010 2009 % million million Change Oil and gas production (mmboe) 1.1 0.9 22% Sales revenue 73 6 73.6 58 0 58.0 27% Gross profit (incl depreciation) 14.7 9.6 52% EBITDAX 20.3 32.8 -38% Exploration…
2010 Scorecard 2010 Goals Outcomes New gas contracts announced in April Significant increase oil and gas production/sales from WBT recommenced production in 1Q 2010 Boost Revenue HJV, WBJV & 3rd party yg gas Higher g e ooil p…
2011 2014 Outlook Goals Actions Harriet development well, optimise third party Maximise production and sales gas Manage legal disputes Progress court cases Manage Core Business Divest non-core assets Carnarvon (minor interests) and…
Managing g g Directors Report p 18 May 2011 Troy Hayden www tapoil com au www.tapoil.com.au This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These…
Company Snapshot Established Production and Gas Contracts Two producing assets (Harriet & Woollybutt) Ongoing third party gas sales of A33M p.a.1 Engines for Growth Major gas discovery at Zola-1, Carnarvon Basin Pre-empted Roc…
Oil and Gas Producing Assets Contracted Third Party Gas Tap 100% Harriet Joint Venture Tap 12.22% Spread p of multiple p fields and wells with track record of reserves replenishment Average production rates (gross) for the March…
Corporate Strategy Focus on Three Core Asset Areas 1. Thailand - Manora oil development and exploration 2. Carnarvon Basin Gas a) WA-351-P, LNG gas exploration b) WA WA-290-P, 290 P, Zola Zola-1 1 Discovery 3. Ghana, Accra…
1. Thailand: Manora Development, Exploration Prolific oil and gas province, stable regulatory and fiscal regime Partnership with experienced operator, Pearl Up to 4 wells to be drilled in Thailand over next 18 months 24 mmbbl1…
2a. WA-351-P: The Deal Tap pre-emption of Roc 20% increased equity to 45% for US15.75M in March T Tap announced d the th sale l off a 25% interest to MIMI on 4 May for US30.154M (Net US26M cash) MIMI will also pay Taps share of…
2a. WA-351-P: Tallaganda ((Tap p 20%)) Strong seismic amplitudes within closure and AVO support in the Tallaganda Fault Block- are indicative of reservoir and gas Tallaganda high graded as attractive prospect and potential early…
2b. WA-290-P: Zola-1 Major Gas Discovery ((Tap p 10%)) Zola-1 major gas discovery, potentially at upper end of Taps pre-drill estimate of 1-2 Tcf Large tilted Triassic fault block on trend and immediately south of the giant Gorgon…
3. Ghana: Accra Contract Area ((Tap p 36%,, Operator) p ) Prospectivity analogous to major recent discoveries, such as Jubilee Two T leads l d id identified tifi d tto d date, t iin conventional ti l water t d depths, th…
NEAR TERM ACTIVITY AGM 18 May 2011 163472-2 19
Plenty of Near Term Activity Gross Indicative Timing Tap Unrisked Project Share Mean Potential Q2 Q3 Q4 Q1 Q2 Q3 Australia Carnarvon Basin Finucane Sth-1 10% 7.5 mmbbl drilling g seismic WA-290-P 10% 1 Tcf WA-351-P 20% 2 Tcf…
CONCLUDING REMARKS AGM 18 May 2011 163472-2 21
Taps Assets : Balanced Portfolio Appraisal / Production / Exploration p Development Sales Broad Portfolio Thailand Oil WA Oil & Gas WA Gas Manora oil field Harriet JV (7+ mmbbl net resources1) Thailand Oil Woollybutt JV…
Tap Oil: Building for Growth 1. Focus on three core areas: Thailand, Manora Development Carnarvon Basin Basin, (WA (WA-351-P, 351 P Zola) Ghana 2 Exploration and pre-development 2. pre development costs funded by cash at bank…
APPENDIX 1 AGM 18 May 2011 163472-2 24
WA-191-P: Finucane South Oil Prospect ((Tap p 8.2% in permit) p ) Drilling has commenced on the Finucane South-1 exploration well Along trend from Fletcher, Tap estimates it could contain 8-23 mmbbl1 Fletcher recoverable volumes…
Indonesia: Rangkas PSC ((Tap p 24%)) Early entry exploration block with potential to control new play Evidence of oil play from seeps and previous exploration Gas discoveries can also be commercialised Last wells drilled in 1991…
Accounts for year to 31 December 2010 Accounts in 2010 Annual Report - Receive - Consider any y questions q or comments AGM 18 May 2011 163472-2 27
Resolution 1 Adoption p of Remuneration Report p That, for the purpose of section 250R(2) of the Corporations Act and f allll other for th purposes, approvall iis given i ffor th the adoption d ti off th the remuneration…
Resolution 2 Re-election of Mr Peter Lane That, Mr Peter Lane, for the purposes of Article 6.3 of the Companys C Constitution tit ti and d for f allll other th purposes, retires ti by b rotation t ti iin accordance with…
Resolution 3 Grant of Share Rights to Mr Troy Hayden on his appointment as Chief Executive Officer/Managing Director That, for the purposes of ASX Listing Rule 10.14 and for all other purposes the th shareholders h h ld off th…
Resolution 4 Approval of potential post employment benefits to Mr Troy Hayden That, for the purposes of Section 200B and 200E of the Corporations A t and Act d for f allll other th purposes, th the shareholders h h ld off th…
Resolution 5 Ratification of Prior Issue - Shares That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, shareholders h h ld ratify tif th the allotment ll t t and d iissue off 30 30,205,801 205 801…
Loading...
