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TSX-V: TPN

Last Price: 0.25  |  Change: 0.00  |  Percent: 0.00%  |  Volume: 36201

TSX-V: TAIPF

World-class Oil & Gas Team & Assets


Taipan Resources is the fourth largest acreage holder onshore Kenya (6.8 million acres/27,712 square kilometers) with multiple exploration plays in multiple basins, and estimated total net mean prospective resources of 768 million barrels of oil equivalent. Management has a track record of repeated exploration success, having discovered over 3.75 billion barrels of oil equivalent in frontier regions.


TAIPAN RESOURCES FARMS DOWN TO TOWER RESOURCES PLC


Taipan Resources announces farm out of 15% to Tower Resources in exchange for cash, Tower shares and contingent payment on spud of second well.

Taipan holds a 30% equity interest in Block 2B and is the Operator. The Block covers an area of 5,458 square kilometres is located at the most southeasterly extension of the NW-SE trending Anza Basin, near the juncture with both the Mandera-Lugh and Mochesa Basins.


UPCOMING DRILLING ACTIVITY IN KENYA


Africa Oil continues operations on the Sala well and Afren have plans to drill on Block 1 in the next 12 months.

Taipan anticipates drilling its first well on Block 2B in Q4 2014. In addition Afren plc (LSE: AFR), Taipan’s partner on Block 1, also has plans to drill on Block -1 in H2 2015.


CORPORATE PRESENTATION



ABOUT KENYA



Shareholders' Letter



INVESTOR RELATIONS CONTACT

+1 – 604 – 684 – 6730 | +1 – 866 – 684 – 6730
TPN@kincommunications.com