3 Highlights Wentworth is a pure East Africa play with producing gas reserves, exploration upside, and a world-scale gas monetisation project under development Attractive 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 concession gas resources by drilling new exploration and appraisal wells; To develop and construct a world-scale…
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 East Africa World class gas discoveries in the Rovuma Basin Majors and large independents have moved in to take charge Multiple new onshore and deepwater offshore wells committed LNG development looks likely Existing…
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: Overriding Royalty Interest:…
8 Tanzania - Overview East Africas second biggest economy with a population of approximately 44 million people Actively working to resolve electricity Dar es Salaam shortages with large scale gas-to- power projects Songo…
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 2012 Drilling Programme Work Programme*: Geophysical mapping has confirmed the existence of a number of undrilled prospects Exploration and appraisal drilling targets have been selected The partners…
11 Monetising Tanzanian Gas Overview Demand for natural gas in Tanzania is unsatisfied due to a lack of infrastructure Construction of a 24 pipeline from Mtwara to Somanga and a 30 line from Somanga to Dar es Salaam is being fast…
12 Mtwara Methanol/Ammonia/Urea Project Why Methanol/Ammonia/Urea A Screening Study conducted by Nexant UK found the most appropriate monetisation option for Mnazi Bay reserves would be methanol and ammonia/urea production Nexant…
13 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…
Mnazi Bay Gas Demand Growth Mnazi Bay System Reserves Deliverability (Tcf) (mmscf/d) 0.8 110 2.1 280 3.7 510 mmscf/d
15 Mozambique - Overview Endowed with rich and extensive natural resources including recent multi-Tcf gas discoveries by Anadarko Since 2001 it has been one of the top 10 GDP growth countries in the world Population of…
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 2D seismic completed over area with limited exploration…
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: Offshore Rovuma Concession extends to 10,500km Cove Energy has indicated that there are currently over 50 de-risked exploration leads in the block Wentworth owns a 4.95% Net Profits Royalty (NPR) on Cove…
19 Mozambique: Rovuma Offshore Potential Upside Completed Work: Work Programme: Seven wells to date, five of which have been Cove has indicated over 50 de-risked announced as major gas discoveries: exploration leads identified in…
20 Facts & Financials Corporate Market Snapshot Registered office in Calgary, Alberta Oslo Brs symbol WRL Headquarters in Dar es Salaam, Tanzania Basic shares outstanding 80.5m Satellite office in London Market price (Sept 14)…
21 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…
22 Thank You
23 Appendices
24 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…
25 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…
26 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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