Tap Oil Limited Investor Presentation December 2008 www.tapoil.com.au This presentation contains some references to forward looking assumptions, representations, estimates budgets and outcomes. These are uncertain by 1the nature…
The Tap Oil Story Tap Oil is an ASX listed Oil and Gas Company with strong cash balance, established production and quality exploration opportunities in Australasia Key Strengths Established Asset base with: Developed Reserves -…
Tap Oil: Strong Value Proposition 4.00 Value of Tap Assets 30% premium to the 3.50 current Tap share price Value per share 3.00 from just cash and value of locked in 3rd party gas 2.50 contracts 2.00 1.50 1.00 Taps…
Tap Oil Cash Flow: Multiple assets, multiple product streams Cash Flow Streams on a barrel of oil equivalent basis Woollybutt JV Oil 18% Harriet JV Liquids 27% Harriet JV Gas 21% 3rd Party Gas Contracts 34% 60% of…
Tap Contracted Third Party Gas Tap secured 33PJ of gas in 2005 Tap Third Party Gas Revenues from the John Brookes JV (JBJV) Taps JBJV sales contracts commenced September 2007 at domestic market rates substantially higher than…
Woollybutt Oil Field Stable Oil Production (Tap 15%) Woollybutt commenced production in May 2003 on the basis of 25 MMbbls reserves and a 5 year reserve life (from 2 wells) Produced (to end 2007) 29 MMbbls with Expected Total…
Harriet Joint Venture - Oil and Gas Producing Assets (Tap 12.22%) Production being restored after Varanus Island incident (3rd June): Taps 3rd party gas from John Brookes resumed in August Oil production recommenced Oct, Sinbad…
Harriet Joint Venture Area: Infrastructure Enhanced Development & Exploration Opportunities Kultarr potential gas Established HJV infrastructure development Linda North-1 gas and strategic position rapid appraisal/ development…
Poised for Growth Tap has: Financial Means Opportunities People & Knowhow to achieve solid Growth Solid cash reserves and no debt Production assets generating positive balanced cash flow Building cash to: Weather the…
Tap Oil: Exploration Assets Summary Brunei Block M Oil & gas redevelopment & exploration Drilling & seismic 2009 Philippines SC 41 Refined targets incorporating Lumba Lumba results Discretionary drilling 2010/11 WA Oil…
WA-191-P: Fletcher-3 Appraisal Well (Tap 10.93%) Taps equity interest has increased Fletcher-3 from 8.2% to 10.9333% Fletcher-1 & 2 location Fletcher has been remapped after Fletcher-1 & 2 discoveries and the resulting extension…
Potential LNG Projects on North West Shelf Io/Jansz 20+Tcf Woodside Pluto I Wheatstone (Developing) 4.5Tcf Thebe (BHP 100%) 2-3Tcf NWSV Existing Development (30+ Tcf) Scarborough (BHP 50%) Multinationals 6+Tcf dominate…
WA-351-P: Gas Exploration Hot Spot LNG Potential (Tap 25%, BHP 55% Operator) WA-351-P contains prolific Triassic gas Thebe (BHP) 2-3Tcf fairway with known potential for large gas accumulations Possible Floating LNG plant Over…
WA-351-P: Example of Seismic Evidence of Gas 2D Seismic Line Near Stack Large horst closure at Top Triassic 19/12/08 93207.2 14
WA-351-P: Example of Seismic Evidence of Gas 2D Seismic Line Far Stack Bright Far Stack indicates presence of gas Large horst closure at Top Triassic Historical success rate around 50% for drilling prospects on 3D…
WA-290-P: Zola High Impact Gas Exploration Well (Tap 20%) Moderate risk: Proven Triassic play type Immediately south of Gorgon field Zola prospect High potential: 1 Tcf recoverable gas Undergoing final prospect assessment…
Bass Basin T/47P: Overlooked Oil Potential (Tap 40%, Operator) Fast track 3D seismic Volume Section Timeslice North Cormorant lead Oil discovered on block at Cormorant-1 (1970) Labatt 3D seismic survey acquired Dec 07…
South East Asia - Building a Circum-Borneo Portfolio Borneo basins have yielded billions of barrels Tap has a multi-national strategy capturing under-explored areas or overlooked resources SC 41 (Tap 50% & operator). Very high…
Brunei Block M (Tap 39%, Operator) Taps strategy in action: high equity, operatorship in proven basins Tap awarded 39% operated role in Block M in October 2007 3,100km2 onshore block located in the prolific Baram Delta Tap plans…
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 Block M 10km Contingent Resource range up to 50mmboe SERIA…
Tap Oil Summary Key Strengths Multiple assets producing a balance of oil and gas Strong financial position; 60 million cash, no debt Focused on delivering value and growth Maintenance and enhancement of core production…
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