EXPLORATION & GAS MONETIZATION IN EAST AFRICA June 2014 Corporate Presentation
Overview & Value Catalysts High Impact Exploration Program Starting June 2014 Mozambique: 2-3 exploration well program (Anadarko operator) o Targeting both oil and gas prospects Tanzania: Planning for exploration drilling in Q4 2014 /…
Wentworths Rovuma Basin Portfolio Wentworths Share of Contingent and Unrisked Description / Minimum Work Prospective Resources (Bscf)* License Interest % Commitments Mozambique 1000 Operated by Anadarko 900 879 1,016 km 2D seismic…
Upcoming Exploration Activities
Rovuma Basin, East Africa Exploration A world class gas region with substantial upside potential Major players seek access to world class discoveries and further exploration upside Estimated Discovered Major participants Gas (GIIP)*…
Mozambique - Onshore Rovuma Exploration Seven prospects identified within the Onshore Rovuma Block Prospective Resources, Unrisked (Wentworths Share)* Near Term Work Programme Bscf MMstb 120 113 25 Partners have agreed to drill a…
Mozambique - Onshore Rovuma Exploration - Tembo Targeting hydrocarbons trapped in sands of mid Cretaceous and upper Jurassic age. The primary target is both structural and stratigraphic in nature and mapped seismic amplitude events…
Mozambique - Onshore Rovuma Exploration - Kifaru Targeting Miocene, Oligocene, Eocene and Paleocene age sands similar to those tested in adjacent Offshore Area-1 gas fields. May also target Cretaceous. The structure is a tilted…
Tanzania - Mnazi Bay Exploration Partners1 Maurel & Prom (operator) 60.075% Wentworth 39.925% 1 TPDC is carried on exploration activities Exploration History 5 wells drilled to date; 4 successful Extensive seismic database; o…
Tanzania - Mnazi Bay Exploration Prospective Resources, Unrisked (Wentworths Share)* Near Term Work Programme 330 km of additional 2D seismic currently being 180 165 acquired 160 HR seismic over gas fields has been Wentworths…
Market for Mnazi Bay Gas
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 Construction…
Mnazi Bay Gas Commercialisation Project Existing discovery with four gas wells (three shut-in and ready to be brought on production) 667 Bscf P50 Contingent Resources discovered in Mnazi Bay through 5 wells drilled to date (Wentworths…
Milestones and Growth Strategy
Near Term Milestones 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 development…
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 Tscf GIIP (29Bboe) Majority of licenses in the region…
Appendices
Shareholders1 9.4 % HSBC Global Custody Nominee (UK) Limited - 9.4% Royal Bank of Canada S/A Clients Account 6.2 % (NOM) - 6.2% Vidacos Nominees Limited DMG7 ACCT - 5.2% Deutsche Bank AG Lon Prime Brokerage Full 5.2 % (NOM) -…
Board & Executive Team Board of Directors Robert McBean, Executive Chairman Over 40 years experience in the upstream, midstream, and downstream oil and gas industries Former Managing Director of Qatar Fuel Additives Company (QAFAC), a…
Board & Executive Team Cont. Executive and Senior Management Team Calgary and London Geoff Bury, Managing Director Extensive oil and gas industry experience and strong petrochemicals project development and project management skills…
Board & Executive Team Cont. Executive and Senior Management Team Dar es Salaam Richard Tainton, Vice President International 25 years of diverse experience with engineering projects around the world including gas and power development…
Contingent and Prospective Resources* Contingent Resources, Mnazi Bay License, Tanzania (Bscf) 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…
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