3 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 Highlights Highly focussed Rovuma Basin acreage in southern Tanzania and northern Mozambique Focused portfolio 213 Bcf of net P50 Contingent Resources (unrisked) in Mnazi Bay, Tanzania1 with proven, 778 Bcf of net P50…
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, Norway, United Arab…
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 Focussed East African Portfolio Tanzania: Mnazi Bay Concession Mozambique: 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 Songo Songo…
9 Tanzania: Mnazi Bay Onshore & Offshore Block Production / Appraisal / Exploration Participating Interest: 31.94% Production/39.925% Exploration* 756 km area in south-eastern Tanzania, bordering Mozambique 5 wells drilled…
10 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…
11 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…
12 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…
13 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…
14 Mozambique: Onshore Rovuma Potential Upside Completed Work: 2012/13 Work Programme: Only two wells drilled to date Mocimboa-1 Thirty-eight new 2D seismic lines being & Mecupa-1: acquired now Mocimboa-1 contained oil and…
15 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…
16 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…
17 Summary Focussed 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…
18 Thank You
19 Appendices
20 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…
21 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…
22 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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