Euroz Presentation September 2012 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…
CORPORATE PROFILE Tap Oil Profile Tap Price / Volume Chart 1.2 1 Tap Oil (ASX: TAP) is an independent oil and 0.8 gas exploration and production company, 0.6 headquartered in Perth, Western Australia. 0.4 0.2 The Company is focused…
CORE FOCUS AREAS SOME OF THE WORLDS MOST PROLIFIC OIL AND GAS PROVINCES Carnarvon Basin, Western Australia WA-351-P, Tallaganda-1 gas discovery (2012) WA-290-P, Zola-1 gas discovery (2011) Onshore SPA-18 & 21 targeting shale oil…
EASTERN GHANA ..... WHERE THERE MIGHT BE GIANTS September 2012 213298.3 5
OFFSHORE GHANA Tap Oil (Ghana) Limited 40% (gross) 36% (net) (Operator) Afex Oil (Ghana) Limited 30% 27% Challenger Minerals 30% 27% (Ghana) Limited Ghana National - 10% Petroleum Company OFFSHORE GHANA: OIL IS WHERE YOU…
OFFSHORE ACCRA CONTRACT AREA HIGHLIGHTS A world class oil exploration opportunity in a politically stable country with favorable terms Potential Company making equity position - 40% of a large (2,000 km2) frontier Contract Area in…
GHANA TIMELINE Tap entered Ghana in early 2010 after several years of negotiating Western Ghana only confirmed oil prolific in 2007, by the giant Jubilee Discovery The prolific Jubilee play remains untested in Eastern Ghana…
OFFSHORE GHANA - A TALE OF TWO BASINS GHANA PLATFORM TANO BASIN A PROVEN GIANT KETA BASIN EVALUATION PENDING Similar petroleum systems Giant fields in Tano Basin potential for giants in Keta KETA BASIN TANO BASIN Basin A…
HISTORICALLY, NO FOCUS ON THE PROLIFIC DEEP WATER, LATE CRETACEOUS (Jubilee style) PLAY IN EASTERN GHANA UNTESTED FAIRWAY FOR LATE CRETACEOUS JUBILEE-STYLE PLAY PROPOSED STARFISH-1 September 2012 213298.3 10
TWO MAIN PLAY TYPES DEVELOPED ON BLOCK - WITH PROVEN ALBIAN AND LATE CRETACEOUS ANALOGUES Source: Tullow Oil plc Interim Results 2007 September 2012 213298.3 11
KETA BASIN PETROLEUM SYSTEM Reservoir Upper Albian to Turonian deepwater fan sands (deep water) Secondary-Pre-breakup Albian marine sands (inboard) Trap Stratigraphic on-lapping fans in deepwater setting Rotated Albian fault…
ACTIVE PETROLEUM SYSTEM INDICATED BY VARIOUS PHYSICAL HYDROCARBON INDICATIONS Numerous small fields and good shows inboard of Upper Cretaceous deepwater fan play Oil filled Oil filled fluidfluid inclusions inclusions…
WE HAVE BEEN ACTIVE.CONTRACT AREA IS NOW COVERED BY MODERN 3D SEISMIC DATA AND IS NOW DRILL READY Activity Completed 2010: Contract effective 24 March 2010: Reprocess 886 km2 3D Seismic 2011: Acquire 1,200 km2 3D Seismic…
JUBILEE COMPARISON JUBILEE (STARFISH ANALOGUE) STARFISH..... ANOTHER JUBILEE MAHOGANY-1 Trap: Stratigraphic onlap of slope fan (Jubilee Field Discovery Well) sands, Class II/III AVO positive seismic indicators Trap has…
EASTERN GHANA .....THERE JUST MIGHT BE GIANTS 12 month extension granted Farm down equity (pending approval) Confirm well location (pending approval) Drilling Starfish-1 (aiming for Q2 2013) September 2012 213298.3 16
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