3 Highlights Wentworth is a pure East Africa play with producing gas reserves, exploration upside, and large-scale gas monetisation projects under development Highly focused Rovuma Basin acreage in southern Tanzania and northern…
4 Strategy To actively explore for new discoveries of oil and natural gas; To prove up additional Mnazi Bay gas resources by drilling new exploration and appraisal wells; To satisfy third party demand for natural gas; and To…
5 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…
6 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 gas…
7 Wentworths East African portfolio Focused East African Portfolio Tanzania: Mnazi Bay* Mozambique: Offshore Rovuma Block Licence Area: Licence Area: Approx. 756km Approx. 10,500km Working Interest: Working Interest: 25.40% net…
8 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 to…
9 Tanzania: Mnazi Bay Onshore & Offshore Block Production / Appraisal / Exploration Working Interest: 25.40% production/31.75% exploration 756 km area in south-eastern Tanzania, bordering Mozambique 4 wells drilled to…
10 Tanzania: Mnazi Bay 2011/12 Drilling Programme Work Programme*: First new well will be an exploration well (Ziwani-1) Tuscanys Caroil-5 rig has been secured and will be moved from Pointe Noire (ROC) to Mtwara Expected to…
11 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 Q4 2012) with…
12 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 with…
13 Mtwara Methanol/Ammonia/Urea Project Why Methanol/Ammonia/Urea In a Screening Study conducted by Nexant UK it was found that, based on current estimates of the Mnazi Bay reserve size and the development stage of Tanzania, the…
14 Methanol/Ammonia/Urea Project Timeline Exploration and appraisal drilling (prove up 1.2Tcf) Upstream Field development drilling & facilities to supply 140 mmscf/d plus incremental gas for other projects On-going…
15 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…
16 Mozambique: Onshore Rovuma Primarily Onshore Block 11.59% working interest (13.64% paying interest during exploration phases) Approx. 13,400 km area in the Rovuma Basin Completed a 2D seismic acquisition programme over an…
17 Mozambique: Onshore Rovuma Potential Upside Completed Work: Work Programme: Only two wells drilled to date Mocimboa-1 Anadarko finalising second exploration & Mecupa-1: phase work programme Mocimboa-1 contained oil and natural…
18 Mozambique: Rovuma Offshore Area 1 Concession extends to 10,500km Wentworth owns a 4.95% Net Profits Royalty (NPR) on Cove Energys profit petroleum Cove Energy just released a statement saying it expects the concession to…
19 Facts & Financials Corporate Registered office in Calgary, Alberta Headquarters in Dar es Salaam, Tanzania Satellite office in London Top 5 Shareholders 1) Robert McBean, Executive Chairman 2) Deutsche Bank AG London Prime…
20 Summary Focused portfolio of production, appraisal and exploration assets in East Africa with significant upside potential High impact 2012-13 exploration and appraisal drilling Highly experienced management team in the…
21 Thank You
22 Appendices
23 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…
24 Board & Executive Team cont. Wentworth Team Extensive oil and gas industry experience and has strong petrochemicals project development and project management skills Geoffrey Bury Former Chief Financial Officer of Voyager…
25 Resources Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values Wentworth 25.4% Interest P90 P50 Mean P10 P90 P50 Mean P10 Recoverable Resources 271 667 834 1,594 68.8 169.4 212 405…
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