Investor Presentation 15 June 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…
Company Snapshot Established Production and Gas Contracts Two p producing g assets ((Harriet & Woollybutt) y ) Ongoing third party gas sales of A33M p.a.1 Engines for Growth Development of Manora field in Gulf of Thailand…
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 d off reserves replenishment l i h t Average production rates (gross) for the…
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 WA-290-P, 290 P, Zola Zola-1 1 gas Discovery c) WA-191-P,…
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 24 mmbbl1…
2a. WA-351-P: The Deal Tap pre-emption of Roc 20% for US15.75M increasing its equity to 45% in March Tap announced the sale of a 25% interest to MIMI in May for US30.15M plus pay Taps share of next exploration well up to 10M BHP…
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, 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…
2c. WA-191-P: Finucane South-1 Oil Discovery ((Tap p 8.2%)) Finucane South-1 is a new field oil discovery, y, potentially p y at upper pp end of Taps pre-drill estimate of 8mmbbls Logs confirm approximately 18.5m of excellent…
3. Ghana: Accra Contract Area ((Tap p 36%,, Operator) p ) Prospectivity ospec y analogous a a ogous too major ajo recent ece discoveries, d sco e es, suc such as Jub Jubilee ee Two leads identified to date, in conventional…
NEAR TERM ACTIVITY June 2011 170243.2 12
Plenty of Near Term Activity Gross Indicative Timing Tap Unrisked Project Share Mean Potential Q2 Q3 Q4 Q1 Q2 Q3 Australia Carnarvon Basin seismic WA-290-P 10% 1 Tcf WA-351-P 20% 2 Tcf drilling seismic HJV exploration 12.2%…
CONCLUDING REMARKS June 2011 170243.2 14
Taps Assets : Balanced Portfolio Appraisal / Production / Exploration p Development Sales Broad Portfolio Thailand Oil WA Oil & Gas WA Gas G M Manora oilil fifield ld Harriet JV (7+ mmbbl net resources1) Thailand Oil…
Tap Oil: Building for Growth 1. Focus on three core areas: Thailand, Manora Development Carnarvon Basin Basin, (WA (WA-351-P, 351 P Zola,WA-191-P) Zola WA 191 P) Ghana, Accra Block 2 Exploration and pre-development 2. pre…
APPENDIX 1 June 2011 170243.2 17
Capital Structure Top 20 Shareholders as at 16 May 2011 Name Shares % Listed on the ASX since 1996 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 55,727,540 23.13 NATIONAL NOMINEES LIMITED 19,768,599 8.20 241 million shares on issue CITICORP…
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…
Indonesia: Rangkas PSC ((Tap p 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…
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