Investor Roadshow Presentation April 2014 ABN 80 072 964 179
Tangiers Investment Proposition High impact TAO-1 exploration well to be drilled in Q2 2014 TAO-1 Net Prospective Resource 190 MMbbl* (unrisked Best Estimate) Material 25% Net Working Interest Shallow water (100m) and excellent…
New Board and Management Mr Michael Evans Non-Executive Chairman Dr Stephen Staley Non-Executive Director Extensive executive and Board level experience with 30 years of energy management and technical experience publicly listed…
Morocco Tarfaya Offshore Block Tangiers 25%, Galp (Operator) 50%, ONHYM 25% (carried through exploration phase) Comprises 8 permits 11,282 km Water depth < 200 m Under-explored block; only 4 wells drilled, all with oil shows TAO-1…
Tarfaya Offshore Block Prospective Resources Prospective Oil Resources - Unrisked (MMBBL) * Jurassic carbonate play fairway Probabilistic Estimates Gross (100%) Net (25%) targeted as key play type in Low Best High Best Prospect/…
Tarfaya Offshore Block TAO-1 Exploration Well TAO-1 well designed to intersect three TAO-1, Trident Target stacked Jurassic targets: Bathonian-5 horizon 1. Trident (primary objective) 2. Assaka (secondary objective) 3. TMA…
Tarfaya Offshore Block TAO-1 vs Juby Maritime (Cap Juby) Juby Maritime-1 (JM-1, Cairn 2014): Heavy / biodegraded oil in Upper Jurassic at Cap Juby structure explained by the combination of Oligocene uplift, erosion and salt…
TAO-1 Seismic Inversion Results TAO -1 Offset stacked objectives in order of penetration Assaka TAO-1 Trident TMA contingent Primary objective Trident at Mid Jurassic level targeting light oil Reservoir risk mitigated by…
Additional Prospectivity La Dam Prospect KIMM-5 BT-5 TO-7 Three stacked Jurassic carbonate targets: Structural & stratigraphic, extending 8-69 km2 Target Depth 3000-5500m Prospective Oil Resources - Unrisked (MMBBL) *…
Offshore Tarfaya Additional Prospectivity Widespread play types to be further evaluated Tertiary clastics Potential fan play pinchouts onto the Tarfaya shelf Rotated fault blocks Cretaceous Tan Tan Formation: Marine and deltaic…
Tangiers Moroccan Strategy First mover advantage Secured high impact Tarfaya Offshore Block in 2009 Low entry cost Defined prospective portfolio on 2D seismic, matured on 2012 3D Since 2012 Morocco has become a global hotspot:…
Indicative Forward Program Additional 15
New Venture Strategy African centric (but not limited to) where existing strong relationships / knowledge can be leveraged Opportunistic outlook including acreage awards, farm-in opportunities and/or corporate transactions…
Tangiers Investment Proposition High impact TAO-1 exploration well to be drilled in Q2 2014 TAO-1 Net Prospective Resource 190 MMbbl* (unrisked Best Estimate) Material 25% Net Working Interest Shallow water (100m) and excellent…
TAO 1 Countdown to spud (indicative) Ralph Coffman Jack-up rig Under Contract Mobilise mid May Arrive Morocco early-mid June Shake down in port 7 days Indicative spud mid-late June 2014 18
Corporate Information Registered Office Share Registry Level 2, 5 Ord Street, Perth WA 6005 ASX: Computershare Investor Services Pty Ltd Postal Address ASX: TPT PO Box 1674, West Perth WA 6872 Telephone: +61 8 9485 0990 AIM:…
Why Morocco Under explored and highly prospective acreage Only 11 wells drilled since 2000 Multiple working petroleum systems World class fiscal terms: Top quartile globally 10% royalty on oil…
Atlantic Conjugate Margins Morocco analogous to Nova Scotia Jurassic source rock Nova Scotian Conjugate Margin believed to be extensive Jurassic Carbonate platforms during early stages of Abenaki Fm, Sable, Panuke Gas rifting…
Tarfaya Offshore Block Summary of work obligations Tarfaya Block includes eight permits and was awarded by the Office National des Hydrocarbures et des Mines (ONHYM) effective December 3, 2009, for an eight-year term and is divided into…
Morocco Fiscal Regime Morocco has an attractive fiscal regime relative to other North African oil and gas producing countries Tax: 30% Corporate Tax Taxable income determined after deduction of royalties, lease rentals, bonuses,…
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