Investor Presentation 22 March 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 business…
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…
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. Carnarvon Basin Gas a) WA-351-P, LNG gas exploration b) WA-290-P, Zola-1 Discovery 3. Ghana, Accra Block - large scale…
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…
2a. WA-351-P: Major equity in LNG gas exploration (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 Hess have made 13…
2a. WA-351-P: Tallaganda (Tap 45%) 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 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 gas…
3. Ghana: Accra Contract Area (Tap 36%, Operator) Prospectivity analogous to major recent discoveries, such as Jubilee Two leads identified to date, in conventional water depths, with 100 mmbbl potential 2011 program: 3D seismic…
NEAR TERM ACTIVITY 159816.1 11
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 WA-351-P 45% 2 Tcf drilling seismic HJV…
CONCLUDING REMARKS 159816.1 13
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 resources1) Thailand Oil Woollybutt JV Rossukon…
Tap Oil: Building for Growth 1. Focus on three core areas: Thailand, Manora Development Carnarvon Basin, (WA-351-P, Zola) Ghana 2. Exploration and pre-development costs funded by cash at bank and producing/gas assets Monetise…
Investor Presentation 22 March 2011 APPENDIX 1 159816.1 16
Capital Structure Top 20 Shareholders as at 18 March 2011 Name Shares % Listed on the ASX since 1996 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 55,182,454 22.90 NATIONAL NOMINEES LIMITED 20,529,257 8.52 241 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 2Q 2011 Along trend from Fletcher, Tap estimates it could contain 8 to 23 mmbbl1 Fletcher recoverable volumes are 6-17 mmbbl1…
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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