FirstEnergy Capital/Socit Gnrale Global Energy Conference 16 September 2013 1
Company Overview High impact onshore and offshore exploration acreage operated Full-cycle by Anadarko and Maurel & Prom assets in Two proven, producing natural gas fields and midstream assets East Africa Near term development…
Near Term Catalysts 4
Near Term Catalysts (next 12 18 months) Rare Exposure to Exploration, Development and Production Upside for a Junior Company Value Creation Exploration Catalysts Results of a ongoing Mnazi Bay, Tanzania G&G study, Strategic foothold…
The Rovuma Basin of southern Tanzania and northern Mozambique is positioned to become one of the worlds top natural gas producing regions 175 Tcf and counting 6
Rovuma Basin Portfolio Wentworths concessions are in the heart of the Rovuma River Basin adjacent to BG Group and Anadarko Mnazi Bay Concession, Tanzania License Area approx. 756km 31.94% production, 39.925% exploration 1 gas well in…
Rovuma Basin Exploration Discoveries in the Rovuma Basin (shown in red) total over 175 Tcf of recoverable gas A number of significant prospects and leads (shown in yellow) within the Rovuma Basin play fairway are located within…
Rovuma Basin Geology Direct geologic relationship between offshore discoveries by Anadarko in Area 1 and prospects identified in the Mnazi Bay and Onshore Rovuma Blocks The over 100 meters (gross) of Oligocene sands discovered in…
Mnazi Bay to Dar es Salaam Pipeline 10
Mnazi Bay to Dar es Salaam Gas Pipeline Project 36 pipeline from Mnazi Bay to Dar es Salaam with a 24 spur line to Songo Songo Island Financing provided by China ExIm Bank Design, construction, and operations by China National…
Pipeline Construction Progress 12
Pipeline Gas Sales: Indicative Forecasted Net Revenue and related Development Capex Million (US) Key Assumptions: The existing Mnazi Bay gas wells are expected to produce 80 mmcf/d (gross) in the 1st year of production and the gas…
Upcoming Exploration Activities 14
Onshore Rovuma Exploration Drilling Program Exploration History Only 2 wells drilled to date 15 Mocimboa-1: significant gas shows in Cretaceous age turbidites Mecupa-1: Miocene gas shows Extensive 2D seismic including 1016 kms…
Mnazi Bay Exploration Activities Exploration History 5 wells drilled to date 1 producing, 3 shut in and 1 abandoned Extensive onshore and offshore 2D seismic Offshore 3D seismic acquired late 2012/early 2013; final processing…
Growth Strategy and Value Drivers 17
Milestones / Value Drivers 2013 2014 Country Permit/Project Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Comments Tanzania Mnazi Bay Offshore 3D seismic interpretation Tanzania Mnazi Bay Planned 320 kms 2D seismic onshore Tanzania Mnazi Bay Planned…
Why Wentworth The only pure Rovuma Basin company; Substantial near term revenue, cash flow and profit growth from new gas pipeline project Potential to become the largest junior producer in East Africa; Near term drilling by strong…
Why Wentworth Wentworth is focused solely on the Rovuma Basin, East Africa; Appendices Substantial near term revenue and cash flow from new gas pipeline project in Tanzania; Significant exploration upside targeting 3.6 Tcf mean…
Shareholders 9.1 % Bob McBean, Executive Chairman-9.13% Vitol Energy-7.8% 7.8 % Issa Baluch-5.31% Invesco Perpetual EUR SMA-3.95% Barclays Capital (nominee)-3.89% 5.3 % Eric Fore, Finance & IR Manager-3.84% 46.8 % Bank Julius…
Capital Structure AIM & Oslo Listed Ticker WRL Shares Issued & Outstanding 82,588,940 Options 6,783,333 (average exercise price US0.70/option) Warrants 5,000,000 (exercisable at lower of US1.24/warrant or the price of a…
Board & Executive Team Board of Directors Bob McBean John Bentley Cameron Barton Neil Kelly Richard Schmitt Executive Chairman Deputy Chairman Non-Executive Director Non-Executive Director Non-Executive Director Over 40 years…
Board & Executive Team Cont. Executive and Senior Management Team Extensive oil and gas industry experience and strong petrochemicals project development and project management skills Geoff Bury Former Chief Financial Officer of…
Current Resources1 Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values Wentworths 31.94% Interest P90 P50 Mean P10 P90 P50 Mean P10 Gas Originally in Place 365 892 1,112 2,117 117 285 355 676…
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