Near T N Term Events E t TTo Provide Catalysts for Growth 3 October 2011 www tapoil com au www.tapoil.com.au This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and…
Corporate Profile Tap Oil Profile Tap Price / Volume Chart 120 Tap Oil (ASX: TAP) is an independent oil and gas 100 00 exploration and production company, 80 headquartered in Perth, WA, with a broad 60 40 portfolio of…
Investment proposition Established Production and Gas Contracts Two producing assets (Harriet & Woollybutt) Ongoing third party gas sales of A30 million per annum Significant 2P reserve uplift imminent Booking 6 mmbbls of 2P…
Core Focus Areas Carnarvon Basin WA WA-290-P 290 P, Zola Zola-1 1 gas discovery WA-191-P, Finucane South-1 oil discovery WA-351-P, LNG g gas exploration p Thailand - Manora oil development and exploration Ghana, Accra Block…
Balanced Asset Portfolio Appraisal / Production / Exploration p Development Sales Broad Portfolio Thailand Oil WA Oil & Gas WA Gas M Manora oilil fi field ld Harriet JV (7+ mmbbl net resources1) Thailand Oil Woollybutt JV…
Production Harriet Joint Venture Tap 12.2229% Spread of multiple fields and wells with track record of reserves replenishment Average production rates (net to Tap) for the June Quarter Gas 10.7 TJ/d Oil 439 bopd Large scale seismic…
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 pre-drill estimate of 1-2 Tcf. Competent Persons Report due in coming weeks Large…
WA-191-P: Finucane/Fletcher Oil Development ((Tap p 8.2%)) Finucane South oil discovery in May 2011 Approx 18.5 m of excellent quality net oil pay in the Late Jurassic Angel formation When combined with the nearby Fletcher…
WA-351-P: Highly Prospective Acreage (Tap 20%) Commercial transactions generated a profit of approximately US25 million while maintaining a 20% equity interest Success of the commercial transactions supports view of highly…
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…
Thailand (Tap 30%) Prolific oil and gas province. Stable regulatory and fiscal regime Operated by experienced operator, operator Pearl Energy Significant increase to Taps reserves by the end of 2011 (book 6 mmbbls net to Tap)…
Thailand: Manora Development (Tap 30%) Development concept and schedule aligned with acquisition assumptions Concept selection expected this quarter Deck Likely development concept is a Central Production & Processing Complex…
Ghana: Accra Contract Area ((Tap p 40.5%,, Operator) p ) Financially and politically stable regime Water depths 50 m to 2,500 m Prospectivity analogous to major recent discoveries,, such as Jubilee 3D seismic survey over…
Reserves / Resource Outlook Reserves/Resource Size (mmboe) Timing (to 2P reserves) Proved & Probable Reserves ((2P)) 2.3 At 30 June 2011 Third Party Gas* 4.1 At 30 June 2011 Contingent Resources (2C) Manora development 6 H2 2011…
Plenty of Near Term Activity Gross Indicative Timing Tap Unrisked Project Share Mean Potential Q4 Q1 Q2 Q3 Q4 Australia Carnarvon Basin FID plus Reserves WA-191-P 8.2% Booked Drilling Independent WA-290-P 10% 1-2 Tcf…
6 Month Outlook Many catalysts, minimal capital outlay Independent third party volumetric assessment of the Greater Zola Structure to verify that the potential is at the upper end of the pre-drill estimate of 1-2 Tcf Gulf of…
Tap Oil: Building for Growth Focus on three core areas: Carnarvon Basin, (WA-351-P, Zola, WA-191-P and WA-320-P) Thailand, Manora Development Ghana, Accra Block Year ahead - lots of activity and significant 2P reserve increases…
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…
Capital Structure Top 20 Shareholders as at 28 September 2011 Top 20 shareholders 65% Name Shares % HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 52,459,278 52 459 278 21.77 21 77 Institutional holders NATIONAL NOMINEES LIMITED…