Presentation Team Robert (Bob) McBean - Executive Chairman Over 40 years experience in the upstream, midstream, and downstream oil and gas industries Former M.D. of Qatar Fuel Additives Company (QAFAC), a world-scale methanol and MTBE…
Investment Proposition 40m placing announced (plus up to 6m through a subsequent offering) to finance work programs and establish exploration upside Distinctive Portfolio in a Prolific Rovuma Basin World-class discoveries have been…
Wentworths Rovuma Basin Portfolio Wentworths Concessions are Adjacent to BG Group and Anadarko License Interest % Partners Area (km2) Description / Minimum Work Commitments Tanzania: Operator 5 wells drilled; all encountered…
Wentworths Rovuma Basin Portfolio 2 Principal Assets in the Heart of the Rovuma Basin Estimated Unrisked Net Resources (Bscf)* Bscf 1000 900 879 825 ** 800 700 637 614 ** 600 550 504 509 500 400 300 266 213 200…
Near Term Catalysts (Next 12 18 months) Potentially a Transformational Period for Wentworth Gas Sales Agreement being negotiated to supply Up to 130 mmcf/d from existing resources Through new pipeline currently under construction…
Near Term Production 8
Pipeline Construction Progress 36 pipeline from Mnazi Bay to Dar es Salaam 24 spur line to Songo Songo Island Includes 210 mmscf/d gas processing facility at Madimba Financed by China Exim Bank Expected completion: Commissioning…
Mnazi Bay Gas Commercialisation Project Four Existing Discoveries (3 shut-in and Ready to be Brought on Production) 834 bcf (Pmean) gas discovered in Mnazi Bay through 5 wells drilled to date (266 bcf Recoverable Contingent Resources…
Pipeline Gas Sales: Production Forecasts* Forecast Production (gross) Key Assumptions mmscf/d Base Production 300 Existing Mnazi Bay gas wells to produce 80 mmcf/d (gross) in the 1st year of production (2015) 250 Additional…
Upcoming Exploration Activities 12
East Africa Exploration A World Class Gas Region with Substantial Upside Potential Estimated Discovered Major participants Gas (GIIP)* Kenya 12+ TCF Mbawa-1 discovery North Tanzania 26+ TCF South Tanzania 30-40+ TCF…
East Africa Transactions Transaction Activity Continues in East Africa as Major Players Seek Access to an Attractive Region PTTEP acquires Cove Energy for approximately Mozambique offshore gas transactions US1.9 Bn 0.60 Tullow…
Rovuma Basin Geology * Wentworths interpretation of the seismic data suggests: that there is a geologic relationship between offshore discoveries by Anadarko in Area 1 and prospects identified in the Mnazi Bay and Onshore…
Mozambique - Onshore Rovuma Exploration At Least 2 Exploration Wells to be Drilled in the Near Term by Anadarko Partners1 Anadarko (operator) 35.70% Maurel & Prom 27.71% ENH 15.00% Wentworth 11.59% PTTEP 10.00% Exploration…
Mozambique - Onshore Rovuma Exploration 7 Prospects Identified Within Onshore Rovuma Concession Unrisked Net Prospective Resources* Near Term Work Programme 200 Partners have agreed to drill at least 2 exploration wells. 180 172…
Tanzania - Mnazi Bay Exploration 6 Drillable Prospects De-risked by Future Exploration Programme to Establish Upside Potential Partners1 Maurel & Prom (operator) 60.075%, Wentworth 39.925% Exploration History 5 wells drilled to…
Tanzania - Mnazi Bay Exploration Unrisked Net Prospective Resources* Near Term Work Programme 200 188 320 km of additional 2D seismic to be acquired in Q4/13 180 Used to locate future appraisal / development wells 166 159 Focus…
Growth Strategy and Value Drivers 20
Milestones / Value Drivers 2013 2014 Country Permit/Project Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Comments Tanzania Mnazi Bay Offshore 3D seismic acquisition and interpretation Tanzania Mnazi Bay Underway 320 kms 2D seismic onshore Tanzania…
Summary Entering a Very Active Period in Wentworths History Distinctive position in prolific basin Prolific Basin World-class discoveries have been made by industry in the basin of over 175 Tcf GIIP (29bnboe) Majority of licenses…
Appendices 23
Fiscal Terms Fiscal terms provide opportunity to generate positive returns on capital Summary of Mnazi Bay PSC Terms Highlights No ring fencing all exploration, development and operating expenses on the Mnazi Bay Concession are…
Board & Executive Team Board of Directors Bob McBean John Bentley Cameron Barton Neil Kelly Richard Schmitt Non- Executive Chairman Deputy Chairman Non-Executive Director Non-Executive Director Executive Director Over 40 years…
Board & Executive Team Cont. Executive and Senior Management Team Extensive oil and gas industry experience and strong petrochemicals project development and project management skills Geoff Bury Former Chief Financial Officer of…
Current Resources* 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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