Primed for a Return to Production Investor Presentation May 2014 ASX Code TAP This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain by the…
Corporate Profile Tap Share Price / Volume Chart 0.60 7,000,000 Tap Oil (ASX: TAP) is an independent oil 6,000,000 and gas exploration and production company, 0.50 5,000,000 headquartered in Perth, Western Australia. 0.40…
2014 Highlights Refinance of CBA US50 million and A20 million debt facilities with a borrowing base facility with BNP Paribas for up to US90 million Manora project: construction almost complete drilling expected to commence in…
Diverse and Balanced Asset Portfolio Appraisal/ Production Exploration Development & Revenue Broad Portfolio Broad Portfolio WA Gas Australia Thailand Third Party Gas contracts approximately A30 million revenue Manora Oil…
Tap Historical Production vs Share Price Manora first production late Q3 2014 is expected to transition Tap back to being a significant mid-tier producer Forecast Manora Production Source: Factset and Tap quarterly reports 6
Core Focus Areas some of the worlds most prolific oil and gas provinces Northern Gulf of Thailand Manora Oil Development, first production expected late Q3 2014 Further drilling expected in 2014 Myanmar Offshore Block M-07 awarded…
Manora Oil Development: Summary Located in Northern Gulf of Thailand Current 2P Reserves of 6.1 mmbbls net to Tap* Ultimate potential field size increased 30% to 9.3 mmbbls net recoverable (2P & 2C) since acquisition * Taps capex…
Manora Oil Development: Concept The Manora oil development has three key components: - Platform - single well head platform with process facilities and well head equipment - FSO Unit moored, linked to the platform by a pipeline…
Manora Oil Development: Jacket Installation Complete Phase 1 of the Offshore Installation program is now Tap considers that successful completion of the Phase complete 1 program significantly reduces the offshore installation This…
Manora Oil Development: Current Status Component % Complete Status Platform (jacket and 88% complete Jacket load out and installation completed. topsides) Platform topsides installation planned for early July 2014 FSO (leased) 92%…
Thailand: Exploration Near-Term Exploration Activity Oil discovery at Malida-1 with 9.5 metres of net oil pay interpreted Enhanced potential of a fairway between the Manora oil field and the new Malida-1 oil discovery Subject to…
Carnarvon Basin: WA-290-P & WA-49-R Zola-1 and Bianchi-1 Gas Discoveries Located on trend and immediately south of the giant Gorgon gas field Contains three gas discoveries - Zola-1, Bianchi-1 and Antiope have been made on block…
Carnarvon Basin: WA-351-P Tallaganda-1 Gas Discovery Tallaganda-1 was the first Triassic well in WA-351-P and was drilled early in 2012 The greater structure on which the Tallaganda discovery was made straddles WA-351-P and…
Carnarvon Basin: WA-320-P & WA-155-P (Part II) WA-320-P & WA-155-P (Part II) Gas Prospect Located south of the Zola-1 discovery in a similar geological setting Preliminary planning for an exploration well in WA-320-P has commenced…
Carnarvon Basin: TL/2 and TP/7 Appraisal drilling TL/2 production license and TP/7 exploration permit are located in shallow water in the offshore Carnarvon Basin, approx 40 kilometres NNE of Onslow The Taunton oil field was…
Carnarvon Basin: Onshore SPA 5 AO & SPA 6 AO Targeting Shale Oil and Gas Rusa Resources holds full equity ownership in two special prospecting authorities (SPA) with acreage options (AO) Primary exploration targets are Permian shale…
Otway Basin: Vic/P67 Gas discovery and further exploration Located approximately 200km WSW of Melbourne adjacent to existing producing gas fields and infrastructure Tap has an option to acquire a 10% interest by paying up to a…
Myanmar: Offshore Shallow Water Block M-07 Award of Shallow Water Exploration Block Located in the gas and condensate prone Moattama basin, offshore Myanmar The 13,000km2 Block is 160km east of the 6.5Tcf Yadana gas field and 110km…
Near-Term Activity Near-Term Catalysts Manora Oil Development Completion of FSO conversion and arrival at the Manora field Commencement of the platform topsides installation Commencement of the drilling of the production wells…
Achievements and Future Milestones 2011 2012 2013 2014 Exit from Brunei Sale of interest in Finucane Ghana first extension period Tallaganda-1 volumetrics Fletcher JV decision WA-351-P Debt financing for pre-emption and resale Sale…
Appendix www.tapoil.com.au ASX Code TAP This presentation contains some references to forward looking assumptions, representations, estimates, budgets, and outcomes. These are uncertain by the nature of the business and no assurance…
Capital Structure (as at 31 March 2014) Breakdown of Investors by Region Substantial Shareholders Name Shares % Australia M&G Investment Mgt 23,983,178 9.90% UK NGP Holdings 15,276,997 6.31% North America DFA Group 13,295,519…
Contact Details Principal Registered Office Level 1, 47 Colin St, West Perth, WA 6005 T: +61 8 9485 1000 E: infotapoil.com.au ASX Code TAP This presentation contains some references to forward looking assumptions, representations,…
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