Annual General Meeting Presentation Continental Hotel Oslo, Norway September 17, 2010
Is now New Oslo Brs Trading Symbol WRL 2 Wentworth Resources
Who We Are We are senior professionals from the upsteam, midstream, and downstream oil & gas industry; We are major shareholders in OUR company; We have proven experience monetising stranded gas in emerging markets; We are…
Chairman & CEO, Robert Bob McBean Mechanical Engineer with +40 years experience in the oil & gas industry Founder, co-developer, and former Managing Director of Qatar Fuels Additives Company (QAFAC) Founder, co-developer, and…
Deputy Chairman, John W.S. Bentley Holds a degree in Metallurgy from Brunel University +35 years of Upstream Oil & Gas Company executive and board management Co-founder & former CEO of Energy Africa Limited Non-executive…
Non Executive Director, Neil Kelly MSc in Mechanical Engineering with +40 years experience in the oil & gas industry Former Managing Director of ExxonMobil and Qatargas Ras Laffan LNG Company (RASGAS) in Qatar Former Director of…
Non Executive Director, Issa Baluch MBA with +37 years experience in the African shipping & logistics industry Founder and former Chairman & CEO of Dubai based, Swift Freight International Developer of the multi modal sea/air…
Non Executive Director, Michael Jansa Managing Director and Founding Partner of Washington D.C.-based Emerging Capital Partners (ECP) ECP is a leading private equity manager with US1.8 billion under management and focused…
CFO & Director, Cameron Barton CMA with 31 years of accounting and finance experience Former CEO of Artumas Group Responsible for Artumas financial and operational restructuring Former Vice President of Centricas Western…
Reasons for Our Investment & Company Combination Ownership stake in a proven, producing gas field Ownership of 27km of gas pipeline, a gas processing plant, and an 18MW gas-to- electricity power plant Company invested over US300…
Overview of Downstream Development Project We are studying the optimal way to monetise the Mnazi Bay gas We have mandated ChemSystems in London to undertake a scoping review of the site, port, existing infrastructure, gas reservoir,…
Project Scope Example Greenfield gas gathering and processing Greenfield methanol and ammonia/urea production facilities Production capacity of: a. 1,260,000 mt/year methanol b. 800,000 mt/year urea c. 305,000 mt/year ammonia…
Advantages of Gas Monetisation Project Time to production is relatively short, i.e. 40 months from project financing release Daily gas throughput for world-scale project is 140mm standard cubic feet per day Market prices for…
Building Investor Confidence US12.75 million cash injection Investors are strategic: a. Board members and executives made large personal investments b. Personal investments from investment bankers and private equity fund managers…
Appendix Asset Overview
Assets Tanzania Upstream Mnazi Bay PSA, Wentworth 25.4% W.I. - Partners; M&P (Operator), Cove, and TPDC - Two field discoveries, one producing - Resources; Pmean 759 BCF Tanzania Downstream Mtwara Energy Project, Wentworth (100%…
Mtwara Energy Project (MEP) - Status Mtwara Energy Project (MEP) is an integrated gas-to-power project (Wentworth 87%, FMO 13%) 15 year Licensing Exemption Granted by EWURA Generation Station (18MW) 100% owned and operated by…
Upstream Tanzania Mnazi Bay PSA Concession area - 756 km2 Wentworth 25.4% W.I. Reasonable seismic coverage Two proven gas discoveries Multiple play types identified Seismic reinterpretation completed by Maurel et Prom New…
Reserves and Requirement Historic View Commercialization Option & Gross Cum. *Disc. Available **Additional Expl. Gas Demand Gas Load Resources (Bcf) + Upside (Bcf) MEP Demand 84 Bcf 84 Bcf *P90 242 *Pmean 759 *P10 **P90 1460…
Upstream Tanzania Summary and Work Program M&P has recent re-interpretation of resource potential Wentworth has commissioned RPS/APA to update resource report Pre-feasibility study for gas commercialisation proceeding No…
Upstream Opportunities Mozambique Offshore Offshore Rovuma EPPC Concession area 10,500 km2 Wentworth 0.42% ORRI 2D & 3D seismic data available Multiple play types identified 4 deep water well exploration drilling programme…
Offshore Mozambique Work Program Intensive drilling campaign (7 well commitment) now in progress First well spudded in December 2009 Fourth deep water well is now spudding Deepwater results will be evaluated before proceeding…
Onshore Mozambique Onshore Rovuma EPPC Concession area 15,000 km2 Wentworth 11.9% W.I. Moderate seismic grid Multiple play types identified Mecupa-1 well drilled in 2009 Not commercially successful Confirmed play elements…
Onshore Mozambique - Work Program Mecupa-1 well evaluation and licence renewal Assessment of remaining prospectivity Identifying the optimum target for a next exploration well Relinquishment, renewal and commitment anticipated…
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