Investor Presentation May 2012 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…
Corporate Profile Tap Price / Volume Chart Tap Oil Profile 1.2 1 Tap p Oil ((ASX: TAP)) is an independent p oil and 0.8 gas exploration and production company, 0.6 0.4 headquartered in Perth, Western Australia. 0.2 The Company is…
Diverse and Balanced Asset Portfolio Appraisal / Production & Exploration p Development Revenue Broad Portfolio Thailand Oil WA Oil & Gas WA Gas & Oil Manora oil field development Third Party Gas contracts (6.1 mmbbl 2P reserves…
Investment Case Diversified portfolio of oil and gas assets Active exploration and development program scheduled for 2012 - FID on Manora development in mid 2012, first production in 2014 - Multiple exploration wells planned in…
Core Focus Areas some of the worlds most prolific oil and gas p g provinces p Carnarvon Basin, Western Australia WA-351-P, Tallaganda-1 gas discovery WA-290-P,, Zola-1 g gas discovery y Onshore SPA18 & 21 targeting shale oil and…
Significant Activity Ahead Indicative Timing Near-Term Catalysts Tap Project Ghana farm-down and Share Q2 Q3 Q4 Q1 Q2 prospectivity update Australia A t li Carnarvon C Basin Manora FID mid-2012 WA-290-P 10% Drilling Up to three…
Revitalisation of the Company Managing Director/CEO, Troy Hayden began at Tap in December 2010. Since commencement,, major j initiatives have been taken to reshape p the Company: p y Rejuvenated Board and Management Strict…
Strong Financial Position Recent commercial transactions have bolstered Taps financial position: Recent Commercial Transactions Strong Financial Position Sold interest in HJV to Apache for All liabilities relating to the HJV…
Primed for Growth Taps Next Phase Tap is entering a new phase with a focus on growth. Strong growth prospects in the existing portfolio include: Manora M d development l t (FID mid-2012, id 2012 fifirstt oilil iin 2014) Thailand…
Thailand: Development with Exploration Upside (Tap 30%) Prolific oil and gas province; stable regulatory and fiscal regime Operated by experienced operator, Pearl Energy 2P reserves of 6.1 mmbbls (Tap share) booked in October 2011…
WA-351-P and Tallaganda-1 Tallaganda-1 was the first Triassic well in WA-351-P and commenced on 1 March 2012 Prospect straddles WA WA-351-P 351 P and WA-335-P WA 335 P Comprehensive suite of wire line logs including formation…
WA-290-P: Zola-1 Major Gas Discovery ((Tap p 10%)) Located on trend and immediately south of the giant Gorgon gas field, Zola-1 major gas discovery independently confirmed to contain a 2C resource of 346 Bcf (and up to 584 Bcf…
New Onshore WA Shale Oil and Gas ((Tap p 20%)) Rusa Resources holds full equity ownership in two special prospecting authority (SPA) applications (STP-SPA-018 and STP-SPA-021) Potential to convert up to 50% of the SPA areas…
New Onshore WA Shale Oil and Gas (continued) ((Tap p 20%)) Early stage exposure to an unconventional play type in Taps Tap s existing focus area of the Carnarvon Basin with a partner experienced in unconventional play types…
Ghana: Offshore Accra Contract Area ((Tap p 40%,, Operator) p ) Financially and politically stable jurisdiction 3D seismic surveyy over deepwater p leads completed in February 2011 Multiple large prospects in both the post rift…
Appendix 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 of the business and no…
Reserves / Resource Outlook Reserves/Resource Size (mmboe) Timing (to 2P reserves) Proved & Probable Reserves ((2P)) 6.1 as at 31 Dec 2011 Third Party Gas* 2.9 as at 31 Dec 2011 Contingent Resources (2C) Zola / Antiope 6.8…
Capital Structure Top 20 Shareholders as at 10 May 2012 Top 20 shareholders 65% Name Shares % HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 43,551,843 18.05 Institutional holders 55% NATIONAL NOMINEES LIMITED 21,178,864 8.78 J P MORGAN…
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