Tap Oil Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: T51441B8152BEN
BAC Reports

Abstracts

Tap Oil Ltd. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Tap Oil Ltd. and its competitors. This provides our Clients with a clear understanding of Tap Oil Ltd. position in the Energy Industry.

• The report contains detailed information about Tap Oil Ltd. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Tap Oil Ltd.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Tap Oil Ltd. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Tap Oil Ltd. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Tap Oil Ltd. business.

About Tap Oil Ltd.

Tap Oil Limited (Tap or the company) is an oil and gas exploration and production company with interests on the North West Shelf of offshore Western Australia and New Zealand. Tap's main production assets at this stage is its 12.22% interest in the Harriet Group of oil and gas fields and a 15% interest in the Woollybutt oil field both located offshore in the Carnarvon Basin. These oil and gas fields are centered around the Varanus Island production infrastructure hub, an important strategic facility to Tap. The Varanus hub comprises substantial facilities to process both oil and gas for export.

The Harriet group of fields oil production is piped to the island, processed, stored and then offloaded into tankers on a regular basis.

Gas produced by the Harriet Group of fields is also piped to the island, processed through two gas trains and then exported to industrial and domestic customers via two pipelines to Compressor Station #1. CS1 is located at the juncture of the Dampier to Bunbury Natural Gas Pipeline and the Goldfields Gas Transmission Pipeline. Harriet gas is exported down both of these pipelines.

In addition, Tap has participated in the following discoveries since listing; A 100% interest in the Cyrano Oil and Gas Field in EP 364 in the Carnarvon Basin; A 10% interest in the Corvus Gas Field in WA-246-P in the Carnarvon Basin; A 10% interest in the Tusk Oil Field in WA-246-P in the Carnarvon Basin; A 12% interest in the Prometheus, Saratoga and Rubicon Gas Fields in the Bonaparte Basin; and a 30% interest in the Kahili Gas and Condensate Field in the Taranaki Basin of New Zealand.

The Taranaki Basin

Drilling activity in the Taranaki Basin has been historically low with an average of 5 wells per year since 1996. This compares to 57 wells per year for the Carnarvon Basin over the same period (of which 14 wells per year are in various Tap joint ventures). Notwithstanding the low drilling activity in the Taranaki basin its prospectivity speaks for itself with around 455 mmbbls of oil and condensate and 7TCF of gas reserves having been discovered to date.

Drilling

The first well in Tap's New Zealand exploration programme has now been completed. Kahili-1A was drilled to a measured depth of 2,962m, however, the well penetrated the east-bounding thrust fault immediately above the top Tariki sandstone reservoir target. Kahili-1B was then sidetracked towards the southwest and penetrated the Tariki sandstone at a measured depth of 2,817m MD (2,465m vertical depth subsea). A gross 210m of sandstone and minor siltstones were penetrated before intersecting the bounding fault at a depth of 3,027.5m MD (2,868m vertical depth). Elevated gas readings were recorded throughout this interval.

The Wawiri-1 and Bluff-1 wells have been approved for drilling in the 3rd quarter 2003, in the PEP38753 and PEP38746 blocks. They involve testing shallow Mt.Messenger sand targets with strong seismic amplitude anomalies. Wawiri-1 is favourably located being 10 Kilometres to the north-northeast of the Waihapa oil production facilities, and Bluff-1 is located in the South of the permit on 3D seismic that extends over the adjacent McKee oil field.

Offshore Canterbury Basin

Tap has been awarded a 50% interest and operatorship of new exploration permit PEP 38259. The permit is located in the Canterbury Basin, offshore from Dunedin on the east coast of South Island.

PEP 38259 is a large offshore permit, compromising an area of approximately 6,648 square kilometres. The Canterbury Basin has been lightly explored although the Galleon-1 well, drilled within the permit area in 1985, encountered a 21 metre gas condensate column that flowed at rates up to 10 million cubic feet of gas per day, with associated condensate of 2,240 barrels per day. Other larger prospects have been mapped nearby to the Galleon-1 well, which have the potential for substantial gas/condensate and oil discoveries.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. TAP OIL LTD. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. TAP OIL LTD. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. TAP OIL LTD. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. TAP OIL LTD. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. TAP OIL LTD. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Tap Oil Ltd. Direct Competitors
5.2. Comparison of Tap Oil Ltd. and Direct Competitors Financial Ratios
5.3. Comparison of Tap Oil Ltd. and Direct Competitors Stock Charts
5.4. Tap Oil Ltd. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Tap Oil Ltd. Industry Position Analysis

6. TAP OIL LTD. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. TAP OIL LTD. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. TAP OIL LTD. ENHANCED SWOT ANALYSIS²

9. AUSTRALIA PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. TAP OIL LTD. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. TAP OIL LTD. PORTER FIVE FORCES ANALYSIS²

12. TAP OIL LTD. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Tap Oil Ltd. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Tap Oil Ltd. 1-year Stock Charts
Tap Oil Ltd. 5-year Stock Charts
Tap Oil Ltd. vs. Main Indexes 1-year Stock Chart
Tap Oil Ltd. vs. Direct Competitors 1-year Stock Charts
Tap Oil Ltd. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Tap Oil Ltd. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Tap Oil Ltd. Key Executives
Tap Oil Ltd. Major Shareholders
Tap Oil Ltd. History
Tap Oil Ltd. Products
Revenues by Segment
Revenues by Region
Tap Oil Ltd. Offices and Representations
Tap Oil Ltd. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Tap Oil Ltd. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Tap Oil Ltd. Capital Market Snapshot
Tap Oil Ltd. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Tap Oil Ltd. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Tap Oil Ltd. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?