3 Highlights Wentworth Resources Limited is a pure Rovuma Basin play with producing gas assets, oil & gas exploration, and large-scale gas monetisation projects in development. Highly focused Rovuma Basin acreage in southern…
4 Strategy To explore for new discoveries of oil and natural gas in East Africa; To prove up Mnazi Bay gas resources by drilling new exploration and appraisal wells; To be a significant supplier of natural gas to Tanzanias…
4 5 Update Acquisition of Cove Energys Working Interest in the Mnazi Bay Concession Transaction announced on January 30, 2012; Wentworth has acquired Cove Energys 16.38% participating interest in production operations (20.475%…
4 6 Update Post Acquisition Mnazi Bay Participating Interests Current Participating Interests: Net P50 Net P50 Estimated Contingent Prospective Net Cash on Production Exploration Resources Resources Capital Hand % % (Bcf)…
4 7 Update Ziwani-1 Exploration Well, Mnazi Bay, Tanzania 27 km Source: Maurel et Prom
4 8 Update Ziwani-1 Exploration Well, Mnazi Bay, Tanzania Ziwani-1 spudded on February 1, 2012; The first new well to be drilled in the Mnazi Bay concession area since the MS-1X exploration well was drilled, logged and tested…
4 10 Update Mtwara Power Plant Sold to TANESCO Sale announced on February 8, 2012; A US13.5 million, all cash transaction; and Transaction closing expected on or before March 9, 2012 Reasons for & Benefits of the…
11 Board & Management Team Experienced management team of energy professionals who have worked together previously and have extensive knowledge of East Africa Team members have undertaken similar work in Qatar, UAE & Indonesia…
12 Rovuma Basin World class natural gas discoveries in the Rovuma Basin Majors have moved in to take charge Multiple new onshore and deepwater offshore wells committed LNG development looks likely Existing and planned…
13 Wentworths East African portfolio Focused East African Portfolio Tanzania: Mnazi Bay Concession Mozambique: Onshore Rovuma Block Licence Area: Licence Area: Approx. 756km Approx. 13,500km Participating Interest:…
14 Tanzania - Overview East Africas 2nd biggest economy with a population of approximately 44 million people Actively working to solve electricity Dar es Salaam shortages with large scale gas-to-power projects Songo Songo…
15 Tanzania: Mnazi Bay Onshore & Offshore Block Production / Appraisal / Exploration Participating Interest: 41.78% production/52.22% exploration* 756 km area in south-eastern Tanzania, bordering Mozambique 4 wells drilled…
16 Monetising Tanzanian Gas Overview Demand for natural gas in Tanzania is unsatisfied due to a lack of infrastructure Construction of a pipeline from Mtwara to Dar es Salaam is being fast tracked (target completion Q1 2013) with…
17 Mnazi Bay Gas Demand Growth Mnazi Bay Est. System Reserves Deliverability (Tcf) (mmscf/d) 0.7 70+ 1.5 200 2.5 340 mmscf/d 3.7 510 + + + * Existing pipeline and infrastructure capable of delivering 70 mmscf/d…
18 Mozambique - Overview Endowed with rich and extensive natural resources including recent multi-Tcf gas discoveries by Anadarko and ENI Since 2001 it has been one of the top 10 GDP growth countries in the world Population…
19 Mozambique: Onshore Rovuma Primarily an Onshore Block 11.59% participating interest (13.64% paying interest during exploration phases) Approx. 13,500 km area in the Rovuma Basin Completed a 2D seismic acquisition programme…
20 Mozambique: Onshore Rovuma Potential Upside Completed Work: 2012/13 Work Programme: Only two wells drilled to date Mocimboa-1 Thirty-seven new 2D seismic lines will be & Mecupa-1: acquired in 2012 Mocimboa-1 contained oil and…
21 Facts & Financials Corporate Head office in Dar es Salaam, Tanzania Corporate office in Calgary, Canada Satellite office in London Top 5 Shareholders 1) Robert McBean, Executive Chairman 2) Deutsche Bank AG London Prime…
22 Summary Focused portfolio of production, appraisal and exploration assets in the Rovuma Basin of East Africa with significant upside potential High impact 2012-13 exploration and appraisal drilling Highly experienced…
23 Thank You
24 Appendices
25 Board & Executive Team Board Structure Robert McBean John Bentley Cameron Barton Issa Baluch Neil Kelly Richard Schmitt Executive Chairman Deputy Chairman Non-Executive Director Non-Executive Director Non-Executive Director…
26 Board & Executive Team cont. Wentworth Team Extensive oil and gas industry experience and strong petrochemicals project development and project management skills Geoffrey Bury Former Chief Financial Officer of Voyager Energy…
27 Resources Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values Wentworth 41.78% Interest P90 P50 Mean P10 P90 P50 Mean P10 Gas Originally in Place 365 892 1,112 2,117 152 373 465 884…
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