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 % 156,486 million shares on issue ANZ Nominees Limited * 23,226,499 14.84 National Nominees Limited * 20,923,721 13.37 Citicorp…
Tap Oil: Strong Value Proposition Value of Tap Assets 0.79 per share value 4.00 from just cash and value of locked in 3rd 3.50 party gas contracts (as at 31 Dec 2008) 3.00 Taps diversified production portfolio, 2.50 Value per…
Tap Oil Cash Flow: Multiple assets, multiple product streams Cash Flow Per Barrel of Oil Equivalent 60% of production (boe) is gas generated Assets robustly cash flow positive in current oil price environment 7/04/2009 100910.2…
Tap Contracted Third Party Gas Tap Third Party Gas Revenues Tap secured 33PJ of gas in 2005 from the John Brookes JV (JBJV) Taps JBJV sales contracts commenced in September 2007 at domestic market rates substantially higher than…
Woollybutt Oil Field (Tap 15%) Woollybutt Production commenced in May 2003 with recovery initially WESTERN estimated to be 25 MMbbls AUSTRALIA over 5 years (from 2 wells) 30 MMbbls produced by January 2009 and total ultimate…
Harriet Joint Venture - Oil and Gas Producing Assets (Tap 12.22%) MAP Montebello Islands Production resumed following June 2008 LOCATION Campbell Varanus Island incident : WESTERN Taps 3rd party gas from John Brookes AUSTRALIA…
Harriet Joint Venture Area: Infrastructure Enhanced Development & Exploration Opportunities Montebello Islands Established HJV infrastructure Kultarr potential and strategic position rapid gas development Linda North-1 gas field…
Poised for Growth Tap has: to achieve solid Growth Solid cash reserves and no debt Production assets generating positive balanced cash flow Building cash to: Weather the storm with no external funding required Deliver high…
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) Taps equity interest in Fletcher-3 & 4 WA-26-L WA-191-P was 10.9333% Potential further Fletcher-3 successfully intersected high appraisal locations quality reservoir sands with 20…
Potential LNG Projects on North West Shelf Thebe (BHP 100%) Woodside Pluto I Development Kentish Knock 2-3 Tcf 5 development wells in progress (Chevron/Shell) Completing: Q3, 2009 Now Drilling Io/Jansz Wheatstone 20+ Tcf 4.5 Tcf NWSV…
WA-351-P: LNG Potential (Tap 25%, BHP 55% Operator) Thebe (BHP 100%) Wheatstone/Iago 4.5 Tcf Triassic gas fairway found in WA-351-P 2-3 Tcf has demonstrated many large discoveries Possible Floating in adjacent permits LNG plant…
WA-351-P: Example of Seismic Evidence of Gas 2D Seismic Line Near Stack Large horst closure at Top Triassic 7/04/2009 100910.2 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 around 50% for…
WA-290-P: Zola High Impact Gas Exploration Well (Tap 20%) John Brookes MAP AREA Campbell Moderate risk: WESTERN Gorgon Wonnich Proven Triassic play type AUSTRALIA 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 Dec 07 over key leads with significant oil potential B A S…
South East Asia Building a Circum-Borneo Portfolio Borneo basins have yielded billions of barrels Sabah Delta Sandakan Delta 1.5 BB Oil 0.1 BB Oil 3 TCF Gas 0.5 TCF Gas Tap has a multi-national strategy Rajang Delta SC41…
Brunei Block M (Tap 39%, Operator) Tap awarded 39% and operator role of Block MAP M in October 2007 LOCATION BRUNEI DARUSSALAM Bandar Seri 3,011km2 onshore block located in the Bagawan prolific Baram Delta Tap plans aggressive…
Brunei Block M: Belait Appraisal (Tap 39%, Operator) Offset Producing Fields Fairley 2 Tcf & 200 mmbls Ampa 12 Tcf &1000 mmbls Seria 1.6 Tcf &1100 mmbls Belait Field 10km Block M Contingent Resource range up to 50mmboe SERIA…
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; A53 million cash, no debt Focused on delivering value and growth Maintenance and enhancement of core production…
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