mean un-risked resource potential to date

Still a lot of value to be unlocked here in potential resources from both blocks using the mean figures from the independent reports.

Currently TPT has potential high side of 17BBls of oil in place(equivalent)with a MEAN un-risked resource potential of 1.67BBls from both blocks

If you look at the prospects that could be elevated to resource potential over the next 12 months, TPT could have more than double these figures taking this to 34+BBLs with a potential recoverable(mean) 3.34bbls. In fact it could also treble to 51BBLS and over 5bbls unrisked with other targets that are currently being worked up.

So what targets are we waiting on:

Morocco - Top Jurassic (Hercules, Appolo and Hermes) and Cretaceous - (Zeus and Little zeus).... Both of these target are very large - as big as ,or bigger than current

In Australia - there is the bottom half of Nova and then SuperNova, being at least twice as big a Nova.

So it could be 3 times the current resource potential in 12 months.


Break down of figures - Morocco

1. Upper Jurassic - Trident, La Dam, TMA and Assaka
High side Potential in place up to 12.3bbls
Mean un-risked - 867mmbls

2. Top Jurrassic - Zeus and Little zeus - to be confirmed

3. Cretaceous - Appolo Hercules and Hermes
Presentation states that this should rival TMA, Assaka and Trident - so use - 12.3bbls - 867mmbls

Australia

1. Turtle barnett 194mmbls - un-risked approx 30mmbls

2. Milligans Fan in place up to 1.5billion barrels - un-risked recoverable 218mmbls

3. Top half Nova 7tcf equivalent of 1 billion barrels - unrisked 500mmbls with bottom half yet to be considered.

4. Super Nova - to be confirmed but could be 14tcf and 1bbls if we work on twice the size.