1st Quarter 2013 Financial Results and Operational Update May 23, 2013 1
Company Overview Two proven, producing natural gas fields and midstream assets Proven assets in Onshore and offshore exploration acreage operated by East Africa Anadarko and Maurel & Prom Significant exploration potential…
1st Quarter 2013 Financial Results & Highlights 4
Q1 2013 Financial Results (in US) 31 March 2013 31 March 2012 Revenues 216,000 168,000 Total expenses (2,383,000) (2,928,000) Net financing income (loss) 1,043,000 (5,956,000) Results of discontinued operations - 2,882,000 Net…
Q1 2013 Highlights Completed acquisition of 248 square kilometers of offshore 3D seismic in the Mnazi Bay Concession area in Tanzania and commenced processing and interpretation Continued negotiations of a gas sales agreement (GSA)…
Near Term Catalysts 7
Near Term Catalysts Exploration Development Results of a new Mnazi Bay G&G Finalizing a Gas Sales Agreement study, including 248 km of new for up to 130 mmcf/d to supply the offshore 3D seismic data, will help new Mtwara to Dar es…
The Rovuma Basin of southern Tanzania and northern Mozambique is positioned to become one of the worlds top natural gas producing regions 175 Tcf and counting 9
Rovuma Basin Portfolio Wentworths concessions are in the heart of the Rovuma River Basin adjacent to BG Group and Anadarko Mnazi Bay Concession, Tanzania License Area approx. 756km 31.94% production, 39.925% exploration 1 gas well in…
Rovuma Basin Exploration Discoveries in the Rovuma Basin (shown in red) total over 175 Tcf of recoverable gas A number of significant prospects and leads (shown in yellow) within the Rovuma Basin play fairway are located within…
Rovuma Basin Geology There is a direct geologic relationship between the offshore discoveries by Anadarko in Area 1 and prospects identified in the Mnazi Bay and Onshore Rovuma Blocks The over 100 meters (gross) of Oligocene sands…
Monetizing Rovuma Basin Natural Gas 13
Mnazi Bay to Dar es Salaam Gas Pipeline Project 36 pipeline from Mnazi Bay to Dar es Salaam with a 24 spur line to Songo Songo Island Financing provided by China ExIm Bank Design, construction, and operations by China National…
Pipeline Gas Sales: Forecasted Net Revenue and related Development Capex 90 Million (US) 80 70 60 50 40 30 20 10 0 1st year 2nd Year 3rd Year 4th Year 5th Year Base Net Revenue Additional Net Revenue (existing gas fields) Incremental…
Growth Strategy and Value Drivers 16
Milestones / Value Drivers 2013 2014 Country Permit/Project Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Comments Tanzania Mnazi Bay Offshore 3D seismic interpretation Tanzania Mnazi Bay 400 kms 2D seismic onshore and transition zone (contingent)…
Why Wentworth The only pure Rovuma Basin company; Substantial near term revenue, cash flow and profit growth from new gas pipeline project; Significant exploration upside potential; Management capable of developing large-scale gas…
Appendices 19
Shareholders1 As of 16 May 2013. Total shares outstanding: 82,588,940 (options outstanding: 6,850,000) 20
Trading Information & Share Price Performance Symbol WRL Symbol WRL NOK 21
Board & Executive Team Board of Directors Bob McBean John Bentley Issa Baluch Cameron Barton Neil Kelly Richard Schmitt Executive Chairman Deputy Chairman Non-Executive Director Non-Executive Director Non-Executive Director…
Board & Executive Team Cont. Executive and Senior Management Team Geoff Bury Extensive oil and gas industry experience and strong petrochemicals project development and project management skills Former Chief Financial Officer of…
Current Resources1 Contingent Resources (Unrisked) Mnazi Bay License, Tanzania (Bcf) 100% Field Values Wentworths 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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