TSX : TAO OTCQX : TAOIF People + Assets + Execution = Results New Zealands Pure Play July 2014
Be the 1 Oil & Gas Producer in New Zealand Core Purpose: Core Values: Unlock New Zealands People Matter Most Potential TAG Lives Safely Our Community Counts Have a Will-Do Attitude Work Hard & Celebrate Success 2014 Tag…
Executive Summary Executive & Key Technical Team Executive & Key Technical Team North American Expertise New Zealand Knowledge Garth Johnson 17 years of international oil and gas experience in Austral-Asia with a significant focus on…
Executive Summary Executive & Key Technical Team Foundation for Growth As of March 31st F2014 F2013 F2012 F2011 Production Revenue 57,546,899 44,591,201 42,908,655 13,088,423 Operating Profit 37,481,174 30,550,658 27,295,058 6,533,061…
Executive Summary Foundation for Success* Capital Structure 64.1 million shares o/s; 67.68 million fully diluted Working Capital 42 million in cash at July 2014, no debt, fully funded 60 million exploration program Proven & Probable…
Executive Summary 2.8 Million Acres of Opportunity Low-Risk Shallow Development Drilling success began in 2010 Years more low-risk development drilling High net back light oil production High-Impact Deep Exploration Undiscovered…
Taranaki Basin 2014 Tag Oil Ltd., www.tagoil.com 7
Taranaki Basin North Island: West Coast Taranaki Basin Overview At a Glance Proven under-explored basin: 600 million barrels of oil and 7 TCF of gas reserves* Current daily production: 55,000 bbls oil & 460 mmcf gas* Significant…
Taranaki Basin Taranaki Foundation for Success Taranaki Basin Discoveries and Production Cheal (100%), Sidewinder (100%), Greater Cheal (70% & 50%) Shallow Drilling 3 million wells (drilled and completed) 30 wells drilled in past…
Taranaki Basin Taranaki Foundation for Success Taranaki Basin Deep Prospects are Drill Ready Cardiff, Heatseeker and Hellfire (100%) Undiscovered Resource Potential Assessments total 476 Bcf + 18.17 mmbls cond. (p50)(1)(2) Gas price…
Taranaki Basin Taranaki Foundation for Success Taranaki Basin Shallow Offshore Prospect Kaheru Drilling Prospect (40%) 77,039 gross offshore acreage (Partners: 35% NZOG, 25% Beach Petroleum) Operated by NZOG (partner in Tui & Kupe,…
East Coast Basin 2014 Tag Oil Ltd., www.tagoil.com 12
East Coast Basin High Impact: Fractured Source Rock Play Multi Billion Barrel Potential Widespread and thick oil and gas seeps identified over millions of acres 39.8 billion bbls of OOIP (p10), 12.65 billion bbls of OOIP (p50), and…
East Coast Basin Success = Development Development Potential Capex of 4.7 billion, 2017 to 2025 5 rigs / 60 wells per year 8 years to get to 100,000 boe/d Decades of development Potentially shift NZs economy 100 per barrel of…
East Coast Basin Ngapaeruru-1, Drilled April 2013 The East Coast Basins First Source rock 293 meters thick, highly fractured, and each fracture zone Ever Unconventional Test Well correlates well with elevated oil and gas Reservoir…
East Coast Basin Upcoming East Coast Basin Wells Waitangi Valley-1 Oil Seeps Waitangi-Valley-1 Punawai-1 Spud July/Aug 2014 near historic shallow Waitangi-1 well, with 50 degree API oil 3,600 meter depth provides deeper basinal…
Canterbury Basin Canterbury: An Emerging Frontier Basin 1.2 million acres of conventional and unconventional targets in proven hydrocarbon system Seeps and offset wells confirm active hydrocarbon system Prospect is interpreted as…
Drilling Program 2014 Tag Oil Ltd., www.tagoil.com
Drilling Program Disclaimer Taranaki Funds High-Impact Opportunities Undiscovered Resource Potential Targeted (net to TAG)*(1)(2) Prospect name Gas (Bcf) Oil/Condensate (MMbbls) P90 P50 P10 P90 P50 P10 Cheal-PMP - - - 0.45 1.64…
Drilling Program Disclaimer Convert Potential to Reserves Catalysts* (1)(2) Gas Oil / cond Prospect name Bcf Mmbls Operation Anticipated P50 P50 Timing Cheal-B9 & B10 - 1.04 Drill 2 wells Testing Waitangi-Valley-1 TBD TBD Drill 1…
Drilling Program Disclaimer Anticipated Work Program and Capex Potential* April 1 2014 Area of Focus to March 2015 Details Taranaki Shallow 34 million 8 wells, seismic & optimization Taranaki Offshore** 5 million Prepare to drill 1…
Thank You TAG Oil Ltd. 885 West Georgia Street, Suite 2040 Vancouver, BC V6C 3E8 Canada 1-604-682-6496 www.tagoil.com
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