Tap Oil Limited Investor Presentation May 2009 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 Tap Oil Story Tap Oil is an upstream Oil and Gas Company with a strong balance sheet, established production and quality exploration opportunities with a focus on Australia and South East Asia Key Strengths Established asset…
Tap Oil: Capital Structure Top 20 Shareholders as at 31/12/08 Listed on the ASX since 1996 Name Shares % ANZ Nominees Limited 23,226,499 14.84 156.5 million shares on issue National Nominees Limited 20,923,721 13.37 Citicorp…
Tap Oil: Strong Value Proposition Value of Tap Assets 0.79 per share value from 4.00 just cash and value of locked in 3rd party gas contracts 3.50 (as at 31 Dec 2008) 3.00 Taps diversified production portfolio, producing oil,…
Tap Oil Cash Flow: Multiple assets, multiple product streams Cash Flow Per Barrel of Oil Equivalent 60% of production (boe) is gas generated 18% Assets robustly cash flow positive 27% in current oil price environment 21%…
Tap Contracted Third Party Gas Third Party Gas Revenues Tap secured 33PJ of gas in 2005 30 from the John Brookes JV (JBJV) 25 A Million 20 Taps JBJV sales contracts 15 commenced in September 2007 at 10 domestic market rates…
Woollybutt Oil Field (Tap 15%) Production commenced in May 2003 Woollybutt with recovery initially estimated to be WESTERN 25 MMbbls over 5 years (from 2 wells) AUSTRALIA Woollybutt South commenced in July 2008, enhancing…
Harriet Joint Venture - Oil and Gas Producing Assets (Tap 12.22%) MAP AREA Montebello Islands Oil and gas production substantially Campbell restored. Full onshore plant capacity WESTERN expected to be achieved in early June…
Harriet Joint Venture Area: Infrastructure Enhanced Development & Exploration Opportunities Montebello Islands MAP AREA Established HJV infrastructure and strategic position rapid field Kultarr potential WESTERN development gas…
Poised for Growth Tap has Solid cash reserves and no debt Financial Means + Production assets generating positive balanced cash flow Opportunities + Building cash to: Weather the storm with no external funding required…
Tap Oil: Exploration Assets Summary Brunei Block M Philippines SC41 Oil and gas redevelopment & Refined targets incorporating exploration Lumba Lumba results 3D Seismic in 2009 Offset drilling of 1 well by Appraisal drilling in 2010…
WA-191-P: Fletcher Remapping (Tap 8.2% in permit) MAP AREA Taps equity interest in Fletcher-3 & 4 WA-191-P was 10.9333% WESTERN AUSTRALIA Potential further Fletcher-3 successfully intersected appraisal locations high quality…
Potential LNG Projects on North West Shelf Thebe & Jupiter Kentich Knock Woodside Pluto I Development (BHP 100%) 2-3 Tcf (Chevron/Shell) 5 development wells in progress Now Drilling Completing: Q3, 2009 Io/Jansz Wheatstone 20+ Tcf 4.5…
WA-351-P: LNG Potential (Tap 25%, BHP 55% Operator) Thebe & Jupiter Wheatstone/ago (BHP 100%) 2-3 Tcf 4.5 Tcf Triassic gas fairway found in WA-351-P has demonstrated many large discoveries Possible floating in adjacent permits LNG…
WA-351-P: Example of Seismic Evidence of Gas 2D Seismic Line Near Stack Large horst closure at Top Triassic 25/05/2009 102783.4 15
WA-351-P: Example of Seismic Evidence of Gas 2D Seismic Line Far Stack Direct Hydrocarbon Indicator Bright far stack indicates the presence of gas Large horst closure at Top Triassic Historical success rate in this region…
WA-290-P: Zola High Impact Gas Exploration Well (Tap 20%) John Brookes MAP AREA Campbell Moderate risk: WESTERN Wonnich Proven Triassic play type AUSTRALIA Gorgon Immediately south of Spar Gorgon field Maitland Harriet High…
Bass Basin T/47P: Overlooked Oil Potential (Tap 40%, Operator) Melbourne V I C T O R I A Oil discovered on block at Cormorant-1 (1970) Labatt 3D seismic survey acquired December 2007 over key leads with significant oil potential…
South East Asia Building a Circum-Borneo Portfolio Borneo basins have yielded billions Map Area of barrels Sabah Delta 1.5 BB Oil 3 TCF Gas Sandakan Delta Tap has a multi-national strategy 0.1 BB Oil 0.5 TCF Gas capturing…
Brunei Block M (Tap 39%, Operator) Tap awarded 39% and operator role of Map Block M in October 2007 Location BRUNEI 3,011km2 onshore block located in the DARUSSALAM Bandar Seri prolific Baram Delta Bagawan Tap plans aggressive…
Brunei Block M: Belait Appraisal (Tap 39%, Operator) Fairley Ampa Seria Bandas Belait Mulu Api 1000mmbls 12 Tcf 1100mmbls 2Tcf 1000mmbls 1.6 Tcf Belait Field Contingent Resource range up to Block M 50mmboe SERIA BELAIT…
Tap Forward Drilling Schedule 2009 2010 2011 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Australia Linda North -1 Harriet JV WA-351-P Zola-1 WA-351-P Carnarvon Basin T/47P Bass Basin Brunei Block M Expl. & Appr. Philippines SC41…
Tap Oil Summary Key Strengths Multiple assets producing a balance of oil and gas Strong financial position; A52 million cash, no debt Focused on delivering value and growth Maintenance and enhancement of core production…
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