Corporate Overview Recently raised 46m through private placing and subsequent offering to finance Tanzanian firm exploration program and to fund 2014 exploration drilling in Mozambique Distinctive Portfolio in a Prolific Rovuma Basin…
Wentworths Rovuma Basin Portfolio Wentworths concessions are adjacent to BG Group and Anadarko License Interest % Partners Area (km2) Description / Minimum Work Commitments Tanzania: Operator 5 wells drilled; all encountered…
Wentworths Rovuma Basin Portfolio Two principal assets / concessions in the heart of the Rovuma Basin Wentworths Share of Contingent and Unrisked Prospective Resources (Bscf)* Bscf 1000 879 900 ** 825 800 700 637 614 ** 600…
Near Term Catalysts (Next 12 18 months) Potentially a transformational period for Wentworth Gas Sales Agreement being negotiated to supply Up to 130 mmcf/d from existing resources Through new pipeline currently under construction…
Market for Mnazi Bay Gas 7
Pipeline Construction Progress 36 pipeline from Mnazi Bay to Dar es Salaam 24 spur line to Songo Songo Island Includes 210 mmscf/d gas processing facility at Madimba Financed by China Exim Bank / construction by CNPC Expected…
Mnazi Bay Gas Commercialisation Project Existing discovery with four gas wells (three shut-in and ready to be brought on production) 667 Bcf P50 Contingent Resources discovered in Mnazi Bay through 5 wells drilled to date (Wentworths…
Pipeline Gas Sales: Production Forecasts* Forecast Production (gross) Key Assumptions mmscf/d Base Production 300 Existing Mnazi Bay gas wells to produce 80 mmcf/d (gross) in the 1st year of production (2015) 250 Additional…
Upcoming Exploration Activities 11
Rovuma Basin, East Africa Exploration A world class gas region with substantial upside potential Estimated Discovered Major participants Gas (GIIP)* South Tanzania 30-40+ TCF North Mozambique 130+ TCF Discoveries in the…
East Africa Transactions Transaction activity continues in East Africa as major players seek access to world class discoveries and further exploration upside PTTEP acquired Cove Energy for approximately Mozambique offshore gas…
Rovuma Basin Geology * Wentworths interpretation of the seismic data suggests: that there is a geologic relationship between offshore discoveries by Anadarko in Area 1 and prospects identified in the Mnazi Bay and Onshore…
Mozambique - Onshore Rovuma Exploration At least two exploration wells to be drilled in the near term by Anadarko Partners Anadarko (operator) 35.70% Maurel & Prom 27.71% ENH 15.00% Wentworth 11.59% PTTEP 10.00% Exploration…
Mozambique - Onshore Rovuma Exploration Seven prospects identified within the Onshore Rovuma Concession Prospective Resources, Unrisked (Wentworths Share)* Near Term Work Programme 120 113 Partners have agreed to drill at least 2…
Tanzania - Mnazi Bay Exploration Six drillable prospects de-risked by future exploration programme to establish upside potential Partners1 Maurel & Prom (operator) 60.075%, Wentworth 39.925% 1 TPDC is carried on exploration…
Tanzania - Mnazi Bay Exploration Prospective Resources, Unrisked (Wentworths Share)* Near Term Work Programme 180 165 330 km of additional 2D seismic currently being acquired 160 Used to locate future appraisal / development wells…
Growth Strategy and Value Drivers 19
Milestones / Value Drivers 2014 Country Permit/Project Q1 Q2 Q3 Q4 Comments Mozambique Onshore 2 well commitment and 1 Rovuma optional well Tanzania Mnazi Bay Underway 330 km onshore 2D seismic Tanzania Mnazi Bay Potential…
Summary Entering the busiest period in Wentworths history Distinctive position in a prolific basin Prolific Basin World-class discoveries have been made in the basin of over 175 Tcf GIIP (29bnboe) Majority of licenses held by…
Appendices 22
Shareholders1 9.4 % HSBC Global Custody Nominee (UK) Limited - 9.4% Royal Bank of Canada S/A Clients Account (NOM) - 6.2 % 6.2% Vidacos Nominees Limited DMG7 ACCT - 5.2% Deutsche Bank AG Lon Prime Brokerage Full (NOM) 5.2 % -…
Fiscal Terms Fiscal terms provide opportunity to generate positive returns on capital Summary of Mnazi Bay PSC Terms Highlights No ring fencing all exploration, development and operating expenses on the Mnazi Bay Concession are…
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…
Contingent and Prospective Resources* Contingent Resources, 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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