Annual General Meeting Presentation 20 May 2015 Dublin
Aminex results since 2014 AGM 2014 AGM Achieved Comments Acquired new Ruvuma Seismic 1H 2014 Identify drill ready targets Ntorya-2, Namisange, Likonde Updip, and Sudi Complete CPR on Tanzania LR Senergy, May 2015 assets Dispose…
Asset summary Africa-focused oil and gas company with near term production, development and high impact exploration Well balanced portfolio in Tanzania: Production, near term: Kiliwani North Field (expected mid 2015) Appraisal…
Asset detail: Contingent Resources in Tanzania Senergy finalised a CPR for Aminexs Tanzania assets: Kiliwani North Gas Field: Contingent Resources (Best Est.): 28 BCF (gross) Pmean GIIP (gross): 44 BCF Production (pipeline…
Asset detail: Prospective Resources in Tanzania Senergy finalised a CPR for Aminexs Tanzania assets: Ruvuma PSA: Total Resources: Pmean GIIP (gross): 4.2 TCF Drill ready : 3 TCF Ntorya Updip, Namisange, Likonde Updip, and Sudi…
Kiliwani North Field: Development licence Kiliwani North summary (Operator, 58.5% WI) Expected production date Mid 2015 Expected IP rate 20-30 MMCF/D Contingent Resources (Best estimate, 2C)* 28 BCF (gross) Expected Net Cashflows…
Ntorya Gas Appraisal: Ruvuma PSA Ruvuma summary Ruvuma Resources (Pmean GIIPS) (Operator, 75% WI) Ntorya 2 to test 1.5 Tcf (Pmean, GIIP) Proposed Well Locations Cretaceous and Tertiary reservoir Ntorya-1 flow tested at 20 mmcfd…
Ruvuma Basin: Cretaceous Play Ntorya-1 Gas Discovery in the centre of the prolific Cretaceous Play running throughout the Ruvuma Basin Anadarkos recent Tembo-1 success: 11m Net Gas Pay with Gas and Condensate Discovered Ophirs…
Primary Target: Cenomanian Reservoir Ntorya-1 encountered: Cenomanian Gross Reservoir Thickness Map Drilled in 2012: 3,150m TD Cenomanian gas filled sand south of main channel axis 27 m gross reservoir sand Likonde-1 3.8m of pay…
Proposed Appraisal Well to test: Cenomanian & L. Tertiary New 2014 Seismic Line 121 Down Axis of Ntorya Channel Ntorya-2 Well: Appraise Ntorya gas discovery Primary target: Cenomanian Secondary target: L. Tertiary Est. TD: 2,947m…
Drilling Ntorya-2 Appraisal Well Prognosis TD: 2,947 m MD Drilling planning has commenced: Well engineering contractor selected Well Site identified Ntorya 1 Lessons learned operational report completed to maximise Ntorya-2…
Nyuni Area PSA Nyuni summary (Operator, 70% WI) Pande West Lead: 1.3 TCF (Pmean GIIP)* Focus on high potential, low risk deep water potential Highly prospective licence with adjacent large discoveries Analogous to large Chewa,…
Strategy and Outlook Four primary goals for the next year: 1. Refinance or extend loan facility beyond July, 2015 Loan partly paid through 3.5MM sale of 6.5% interest in KN Option to sell another 6.5% of KN for 3.5MM 2. Main…
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