Tap Oil Limited Investor Presentation September 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…
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 E&P…
Tap Oil: Capital Structure Top 20 Shareholders as at 31 December 2008 Listed on the ASX since 1996 Name Shares % 156.5 million shares on issue ANZ Nominees Limited 23,226,499 14.84 National Nominees Limited Citicorp Nominees Pty Limited…
Tap Oil: Strong Value Proposition Value of Tap Assets 4.00 0.72 per share value from just cash and value of locked 3.50 in 3rd party gas contracts (as at 30 June 2009) 3.00 Taps diversified production portfolio, producing oil,…
Tap Oil Cash Flow: Multiple assets, multiple product streams MAP AREA WESTERN AUSTRALIA Harriet JV Multi-Field Production Multi well, multi platform, multi pipeline production area 2 gas export pipelines to mainland Oil…
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 25 WESTERN 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 Montebello Islands Established HJV infrastructure and AREA Bambra development Campbell strategic position rapid field WESTERN well anticipated development…
Poised for Growth Tap has Solid cash reserves and no debt Financial Means + Production assets generating positive diversified cash flow Opportunities + Existing cash reserves enable: Continued operations independent of external…
Tap Oil: Exploration Assets Summary Brunei Block M Philippines SC41 Oil and gas redevelopment & exploration Refined targets incorporating 2D and 3D seismic acquired Lumba Lumba results in 2009 Discretionary drilling 2010/11…
WA-191-P: Fletcher Remapping (Tap 8.2% in permit) MAP AREA Fletcher recoverable volumes 5-10 WA-191-P mmbbl WESTERN AUSTRALIA Potential further Taps equity interest in Fletcher-3 & 4 is appraisal locations 10.9333% MUTINEER…
North West Shelf Home of the Giants Thebe & Jupiter Wheatstone 4.5 Tcf Proven province with Kentish Knock (BHP 100%) 2-3 Tcf Recent gas many large gas fields NWSV fields Discovery Pluto/Xena 5 Tcf 30+ Tcf discovered in this region…
WA-351-P Right time right place Significant existing and planned LNG Possible Scarborough Possible Wheatstone processing capacity in the region; development development NWSV 16.3 Mtpa (existing) Pluto Phase I 4.3 Mtpa…
WA-351-P Four Proven Independent Play Types 2-12 Tcf of prospective resource identified on Upper Cretaceous to recent 2D seismic Lower Cretaceous E.g. Scarborough Initial 3D seismic interpretation indicates four proven play…
WA-351-P: Preliminary 3D seismic interpretation Top Triassic Structural Surface 0 8 WA-351-P Kilometres Next stage of prospectivity assessment due to be completed by end 2009 Potential drilling in 2010 01/09/2009 108957.5 15
WA-290-P: Zola High Impact Gas Exploration Well (Tap 20%) John Brookes Large 1 Tcf target (recoverable) MAP Campbell AREA Moderate risk: WESTERN Wonnich AUSTRALIA Gorgon Proven Triassic play type Spar Immediately south of…
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…
Philippines SC41 (Tap 50%, Operator) Very high potential block with excellent Map Area fiscal terms SC-56 SC56, Exxon drilling Multiple play types remain with drilling 2 wells within 3D anticipated in 2010, e.g. Wahoo 100-200…
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) Bandar Seri Bagawan 8 to 64 mmboe contingent resource BLOCK M Map Area Belait produced oil and gas during 1920/30s BELAIT with 18 wells drilled, 14 drilled without seismic…
Tap Indicative Drilling Schedule 2009 2010 2011 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Australia Harriet JV WA-351-P Zola-1 WA-351-P Carnarvon Basin T/47P Bass Basin Brunei Block M Block M Philippines SC41 Firm well Contingent /…
Why Tap Key Strengths Multiple assets producing a balance of oil and gas Strong financial position; A54 million cash, no debt Focused on delivering value and growth through: Maintenance and enhancement of core production…
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