World Oil & Gas Assembly, London, November 27, 2012 Operations Update
Overview Board & Oil & gas professionals from ExxonMobil, Management Anadarko, QAFAC, Africa Oil, Energy Africa, Black Marlin, and Tanzania Petroleum Development Corp. with over 300 years of combined global energy and petrochemicals…
Rovuma Basin Portfolio Tanzania: Mozambique: Mnazi Bay Concession Onshore Rovuma Block Licence Area: Licence Area: Approx. 756km Approx. 13,500km Participating Interest: Participating Interest*: 31.94% in production activities…
Mnazi Bay: Near-term Cash Flow with Exploration Upside Offshore 3D seismic program (starting in Q4 2012) to fully assess exploration potential and de-risk two existing prospects: 3D Seismic 1) OSX-1: potential down-dip offshore…
Update: Mnazi Bay to Dar es Salaam Gas Pipeline Construction officially started on 8 November 2012 Expected to take up to 18 months to complete (est. Q2 2014) Mnazi Bay Gas Sales Agreement expected to initially supply 80mmscf/d…
Mnazi Bay: Forecast Cumulative Net Cash Flow 300 250 US millions 200 150 100 50 0 2014 2015 2016 2017 2018 80 mmcf/d* 200 mmcf/d** * Mnazi Bay Concession is capable of delivering up to 80 mmscf/d from existing wells…
Mozambique: Onshore Rovuma: On-going Exploration Onshore and Transition Zone Marine Block Only 2 wells drilled in an area of 13,500km Both wells encountered hydrocarbons Area has the potential to contain the Rovuma River Basin oil…
Mozambique: Onshore Rovuma: Current Seismic Program 2012 Seismic Program 2D seismic program well underway Line clearing, surveying and data acquisition expected to be completed by end 2012 Data interpretation to be completed by…
Milestones / Value Drivers 2012 2013 2014 Permit/ Capex (net) Project ( million*) Comments Country Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Tanzania Pipeline n/a Construction underway construction Tanzania Pipeline n/a Gas Sales Agreement for up…
Why Wentworth The only pure Rovuma Basin company Substantial near term revenue and profit growth Exploration upside Management capable of developing large-scale gas monetisation projects World class partners ready to join…
Contact Information Geoff Bury, Managing Director, gpbwentworthresources.com Lance Mierendorf, CFO, lance.mierendorfwentworthresources.com Eric Fore, Finance & IR Manager, etfwentworthresources.com Calgary office 3210, 715 -…
Appendices 13
Facts & Financials Corporate Head office in Dar es Salaam, Tanzania Corporate office in Calgary, Canada Satellite office in London, UK Top 5 Shareholders (as of November 19, 2012) 1) Robert McBean, Executive Chairman 8.83% 2)…
Board & Executive Team Board of Directors Bob McBean John Bentley Issa Baluch Cameron Barton Neil Kelly Richard Schmitt Executive Chairman Deputy Chairman Non-Executive Director Non-Executive Director Non-Executive Director…
Board & Executive Team cont. Executive Management Team Extensive oil and gas industry experience and strong petrochemicals project development and project management skills Geoff Former Chief Financial Officer of Voyager Energy Limited…
Resources Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values Wentworth 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 Recoverable…
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