Investor Presentation 1 February 2011 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…
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 A100M cash and no debt (as at 31 Dec 2010) Appraisal/development…
Oil and Gas Producing Assets Contracted Third Party Gas Tap 100% Harriet Joint Venture Tap 12.22% Spread of multiple fields and wells with track record of reserves replenishment Average production rates for the Dec Qtr Gas 109…
Corporate Strategy Focus on Three Core Asset Areas 1. Thailand - Manora oil development and exploration 2. WA-351-P - LNG scale gas exploration 3. Ghana, Accra Block - large scale oil exploration To be a successful E&P…
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 24mmbbl1…
2. WA-351-P: Building equity position (Tap 45%) Success-case permit potential of 2-3 Tcf (gross) in a proven province 10+ leads defined on 3D seismic Chance of success over 50% for a number of targets Potential drilling in 2011…
3. Ghana: Accra Contract Area (Tap 36%, Operator) Prospectivity analogous to major recent discoveries Two leads identified to date, in conventional water depths, with 100 mmbbl potential 2011 program: 3D seismic acquisition (in…
NEAR TERM ACTIVITY 151083.3 9
WA-290-P: Zola-1 Drilling (Tap 10%) Zola targeting 1.0-2.0 Tcf1 (Gross UR) Proven province, immediately south of Gorgon field Robust structure defined on 3D seismic Antiope 120 Bcf stranded shallow gas resource could be aggregated…
Plenty of Near Term Activity Net Indicative Timing Tap Unrisked Project Share Mean Potential Q1 Q2 Q3 Q4 Q1 Q2 Australia Carnarvon Basin Zola-1 10% 100 Bcf drilling Finucane Sth-1 10% 0.6 mmbbl drilling WA-351-P 45% 0.5 Tcf…
CONCLUDING REMARKS 151083.3 12
Taps Assets : Balanced Portfolio Appraisal / Production / Exploration Development Sales Broad Portfolio Thailand Oil WA Oil & Gas WA Gas Manora oil field Harriet JV (7+ mmbbl net Thailand resources1) Woollybutt JV Ghana Oil…
Tap Oil: Building for Growth 1. Focus on three core areas: Thailand, Manora Development WA-351-P Ghana 2. Exploration and pre-development costs funded by 100 million cash at bank and producing/gas assets Monetise non-core…
Investor Presentation 1 February 2011 APPENDIX 1 151083.3 15
Capital Structure Top 20 Shareholders as at 18 January 2011 Name Shares % Listed on the ASX since 1996 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 52,837,564 21.93 NATIONAL NOMINEES LIMITED 16,761,804 6.96 241 million shares on issue HSBC…
Tap Board & Management Strength Tap Oil operates with a strong independent board & experienced management team focused on building a growing, sustainable oil company Neale Taylor Doug Bailey Peter Lane Michael Sandy Chairman (Non…
WA-191-P: Finucane South Oil Prospect (Tap 8.2% in permit) Operator has proposed a well for drilling in 2H 2011 Along trend from Fletcher and Tap estimates it could contain 8 to 23 mmbbl1 Fletcher recoverable volumes are 6-17…
Brunei Block M (Tap 39%, Operator) Prolific oil and gas province Initial 2 well program completed Mawar-1 encountered gas and oil Markisa-1 encountered oil Post well evaluation underway Significant exploration potential deeper…
Indonesia: Rangkas PSC (Tap 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 New…
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