Investor Presentation 30 July 2010 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…
The Tap Oil Story Tap Oil is an upstream Oil and Gas Company with substantial opportunities for growth through exploration backed up by a strong balance sheet and established production. Recent Milestones Rig set up on location in…
Exploration Drilling Program Exploration Area Near Term Indicative Drilling Activity & Timing Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 '11 HJV 1 to 4 wells (12.2%) Zola-1 WA-290-P (10%) Targeting incremental reserves Australia, Proven gas…
Impact of Exploration Success Tap Share of Unrisked Multiple of Existing Tap Permit Well/Prospect Risk Resource Potential 2P Reserves WA-290-P - Zola Low-moderate 20-200 Bcf 70 - 700% Brunei Belait Total Low-moderate 3-25 mmbbl -…
Capital Structure Top 20 Shareholders as at 29 July 2010 Listed on the ASX since 1996 Name Shares % HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 33,071,827 21.13 156.5 156 5 million shares on issue HSBC CUSTODY NOMINEES (AUSTRALIA)…
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…
Activities Snapshot Exploration Australia, North West Shelf Australia, Bass Basin (Operator) B Bruneii Block Bl k M (Operator) (O t ) Indonesia, Rangkas PSC Philippines SC41 (Operator) S.E. Asia Ghana Accra Contract…
EXPLORATION DRILLING PROGRAM 30.07.10 126111.4 9
WA-290-P: Zola High Impact Gas Exploration Well ((Tap p 10%)) Zola targeting 0.2-2.0 Tcf (recoverable) Proven Triassic play type, immediately south of Gorgon field Robust structure defined on 3D seismic Farmout to Apache on promoted…
Brunei Block M (Tap 39%, Operator) Prolific oil and gas province Belait field 8 to 64 mmboe (gross recoverable) Drilling commencing in August Low to Moderate risk (Defined on new 3D seismic) Plus significant exploration potential…
Brunei Block M Near Term Drilling at Belait (Tap 39%, Operator) Drilling 2 well program to start mid- BELAIT August 2010 ANTICLINE Mawar-1 first testing up to 9 million barrel recoverable oil compartment 500m subsea Markisa-1 to…
Brunei Block M Mawar-1 Well Site ((Tap p 39%,, Operator) p ) Mawar-1 expected to spud mid August 30.07.10 126111.4 13
Bass Basin T/47P: Exciting Oil Potential ((Tap p 75%, Operator) p ) Craigow 3-42 million barrel recoverable oil potential Simple structure defined on modern 3D seismic Along trend from oil recovery at Cormorant 1 Cormorant-1…
T/47P: Craigow-1 Exciting Oil Potential ((Tap p 75%, Operator) p ) Cormorant-1 Craigow 3-42 million barrel recoverable oil potential Located in shallow water (75m) Shallow Sh ll ttargett d depth th ((1,500m) 1 500 ) improves…
WA-191-P: Fletcher Remapping ((Tap p 8.2% in permit) p ) MAP AREA Fletcher recoverable volumes WA-191-P 5-10 5 10 mmbbl (Tap estimate) WESTERN AUSTRALIA Potential Taps equity interest in Fletcher-3 & 4 is drilling 10.9333%…
MEDIUM TERM EXPLORATION 30.07.10 126111.4 17
WA-351-P Low risk gas exploration for LNG (Tap 25%) Success-case permit potential of 2-3 Tcf (gross) in a proven province 10+ leads defined on 3D seismic Chance of success boosted to over 50% for a number of targets g Permit…
Ghana Offshore Accra Contract Area (Tapp 36%, Operator) p ) Prospectivity analogous to recent discoveries in emerging new West African oil province Two leads identified to date, in conventional water depths, with 100 mmbbl…
Indonesia: Rangkas PSC (Tap 24%) Early entry exploration block with Serang Jakarta potential to control new play Map Area Evidence of oil play from seeps and Serpong Pandelang previous exploration Rangkasbitung Gas…
New Ventures & Exploration A quality drilling program depends on having the right acreage Tap seeks to add 1-2 high quality blocks to its portfolio each year 2 2-3 3 year lead time from acreage capture to drill-ready Maximum…
PRODUCING & GAS ASSETS 30.07.10 126111.4 22
Harriet Joint Venture - Oil and Gas Producing Assets ((Tapp 12.22%)) Montebello Producing since 1986 Islands Campbell Spread of multiple fields and wells with track WA-334-P record of reserves replenishment (Tap 20%) Sinbad HJV…
Woollybutt Oil Field ((Tap p 15%)) Production resumed March 2010 after Woollybutt dryy dock life extension WESTERN AUSTRALIA Production averaged 7,200 barrels/day in June quarter Field commenced in May 2003 with recovery initially…
Contracted Third Party Gas Tap secured 31 Bcf of gas in 2005 from the John Brookes JV (JBJV) at 2005 prices i Taps JBJV sales contracts commenced in September 2007 at d domestici market k rates substantially b i ll higher…
Tap Oils Strategy in Action Robust Performance and Near Term Drilling Strong operating quarter with production up 49% and 55% increase in revenue 66 million of cash and no debt at 30 June 2010 Near term drilling program with…
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