3 4 Strategy To prove up Tanzanian gas resources by drilling new exploration and appraisal wells; To explore for new discoveries of oil and natural gas in our concession areas; To be a significant supplier of energy to East…
4 Highlights Concentrated in the Rovuma Basin region of S. Tanzania and N. Mozambique Focused portfolio 213 Bcf of net P50 Contingent Resources (unrisked) in Mnazi Bay, Tanzania1 with proven, 778 Bcf of net P50 Prospective…
5 Board & Management Team Experienced management team of energy professionals who have previously worked together and have extensive knowledge of East Africa Team members have explored for, developed, and monetised oil and gas…
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 in both Tanzania and…
7 Wentworths East African portfolio Focused East African Portfolio Tanzania: Mozambique: Mnazi Bay Concession Onshore Rovuma Block Licence Area: Licence Area: Approx. 756km Approx. 13,500km Participating Interest: Participating…
8 Tanzania - Overview East Africas 2nd largest 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 Actively…
9 Tanzania: Mnazi Bay Onshore & Offshore Block Coastal south-eastern Tanzania Ruvuma (Rovuma) River Basin Concession area between Aminexs Ruvuma concession and BG Groups offshore Block 1 756 km area containing two Tertiary aged…
10 Mnazi Bay Work-overs of Existing Wells Rig being moved to Mnazi Bay and Msimbati gas fields for the work-over of three existing wells (MS-1X, MB-2, and MB-3). Work-overs expected to start in June The objective of the…
11 Mnazi Bay 2nd Exploration Well & Beyond A second onshore exploration well is being planned following the work-overs. Wentworth is carrying out a detailed assessment of the Mnazi Bay concession to take into account: The…
12 Various play types exist over the Mnazi Bay concession that will be the subject of future exploration Additional onshore and offshore seismic being considered as well as further exploration wells
13 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 Power Plants under…
14 Tanzanian Gas Pipeline under Development1 Pipeline to transport Mnazi Bay, Songo Songo, and offshore gas to Dar es Salaam for electricity generation and industrial use Approximately 532km, 36 from Dar es Salaam to Mnazi Bay,…
15 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…
16 Mozambique - Overview Endowed with rich and extensive natural resources including recent multi-Tcf gas discoveries by Anadarko and ENI Potential for large scale LNG development Since 2001 it has been one of the top 10 GDP…
17 Mozambique: Onshore Rovuma Primarily an Onshore Block Completed a 2D seismic acquisition programme over an area with very limited exploration to date Only 2 wells drilled to date: Vintage Mocimboa-1 well encountered oil and…
18 Upcoming Milestones / Value Drivers 2012 2013 Capex (net) Permit/ Q2 Q3 Q4 Q1 Q2 Q3 Q4 ( million) Comments Country Project Tanzania Mnazi Bay 5.6 3 well work-overs Tanzania Pipeline n/a Subject to government FID (expected…
19 Facts & Financials Corporate Head office in Dar es Salaam, Tanzania Corporate office in Calgary, Canada Satellite office in London Top 5 Shareholders (as at May 2, 2012) 1) Robert McBean, Executive Chairman 9.05% 2) Deutsche…
20 Summary Focused portfolio of production, appraisal and exploration assets in the Rovuma Basin with significant upside potential High impact exploration and appraisal drilling programmes Highly experienced management team…
21 Contact Information Bob McBean, Executive Chairman, rpmwentworthresources.com Geoff Bury, Managing Director, gpbwentworthresources.com Eric Fore, Finance & Investor Relations Manager, etfwentworthresources.com Calgary office…
22 Appendices
23 Board & Executive Team Board Structure Robert McBean John Bentley Issa Baluch Cameron Barton 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 strong petrochemicals project development and project management skills Geoff Former Chief Financial Officer of Voyager Energy Limited…
25 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…
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