Investor Presentation 8 August 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…
TAP OVERVIEW August 2011 174652.2 3
Company Snapshot Established Production and Gas Contracts Two producing assets (Harriet & Woollybutt) Ongoing third party gas sales of A30M p.a.1 Engines for Growth Gulf of Thailand Development of Manora field on schedule…
2011 Second Half Outlook Gulf of Thailand - Tap to book 6 mmbbls of 2P reserves at Manora before year end - more than triple Taps total reserves Independent third party volumetric assessment of the Greater Zola Structure to verify…
Resource Outlook Reserves/Resource Size (mmboe) Timing (to 2P reserves) Proved & Probable Reserves (2P) 23 2.3 At 30 June 2011 Contingent Resources (2C) Manora development 6 H2 2011 Finucane / Fletcher 1.27 H2 2011 Manora…
Established Production & Gas Contracts Contracted Third Party Gas Tap 100% Harriet Joint Venture Tap 12.22% Spread of multiple fields and wells with track record d off reserves replenishment l i h t Average production rates (net…
ENGINES FOR GROWTH August 2011 174652.1 8
1. Thailand: Manora Development, Exploration (Tap 30%) Prolific oil and gas province, stable regulatory and fiscal regime Operated p by y experienced p operator, p , Pearl Energy More than triple Taps reserves by the end of 2011…
1. Thailand: Manora Development (Tap 30%) Development concept and schedule aligned with our acquisition assumptions Concept C t selection l ti expected t dbby Q4 2011 Deck Likely development concept is a Central Production &…
2a. WA-351-P: Highly Prospective Acreage (Tap 20%) Commercial transactions generated a profit of US25m while maintaining a 20% equity q y interest Success of the commercial transactions supports view of highly prospective acreage…
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, Greater Zola area resources potentially at upper end of Taps Tap s pre pre-drill drill estimate of 1-2 1 2 Tcf Large tilted Triassic fault block…
2c. WA-191-P: Finucane/Fletcher Oil Development ((Tap p 8.2%)) Finucane South-1 oil discovery in May 2011. 18.5 m of excellent quality net oil pay in the Late Jurassic Angel formation When combined with the nearby Fletcher field…
3. Ghana: Accra Contract Area ((Tap p 36%,, Operator) p ) Financially and politically stable regime Early results from interpretation of fast fast- Water depths 50 m to 2,500 m track data are encouraging and will be used to…
NEAR TERM ACTIVITY August 2011 174652.2 16
Plenty of Near Term Activity Gross Indicative Timing Tap Unrisked Project Share Mean Potential Q3 Q4 Q1 Q2 Q3 Q4 Australia Carnarvon Basin FID plus Reserves Independent Booked WA-191-P 8.2% Volumetrics drilling WA-290-P 10% 1-2…
CONCLUDING REMARKS August 2011 174652.2 18
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 FID Q2…
Tap Oil: Building for Growth 1. Focus on three core areas: Thailand, Manora Development Carnarvon Basin, (WA-351-P, Zola,WA-191-P, WA-320-P) Ghana, Accra Block 2. Exploration and pre-development costs funded by cash at bank and…
APPENDIX 1 August 2011 174652.2 21
Capital Structure Top 20 Shareholders as at 1 August 2011 Name Shares % Listed on the ASX since 1996 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 56,587,667 23.48 NATIONAL NOMINEES LIMITED 21,193,247 8.80 241 million shares on issue…
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…
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