Wentworth Overview Exploration and Gas Monetisation in East Africa Coveted position within the prolific Rovuma Basin Wentworth is one of the few small independents in the region A number of world class discoveries have been made in…
Wentworth Strategy Monetisation Near term commercialisation of discovered gas in Mnazi Bay Concession, Tanzania Take advantage of ready market for additional natural gas discoveries in Tanzania Monetisation Develop routes for…
The Rovuma Basin A world class gas region with substantial upside potential Discoveries in the basin now total over 200 Tscf of recoverable gas The Rovuma Basin has attracted interest from the majors and national oil companies…
Wentworths Tanzania Acreage Mnazi Bay Partners Exploration Production Maurel et Prom (Operator) 60.075% 48.06% Wentworth 39.925% 31.94% TPDC is carried on exploration activities - 20.00% Onshore and near-shore acreage (756 km2)…
Mnazi Bay GSA Mnazi Bay Gas Sales Agreement Terms: Initial volume: up to 80 mmscf/d (expected from 4 existing wells) After 8 months: up to 130 mmscf/d (requires additional 3 development wells) 17 year term Gas price US3.00 per mmbtu…
Mnazi Bay Production Government-owned 36 pipeline from Mnazi Bay to Dar es Salaam Includes 210 mmscf/d gas processing facility at Madimba (located in Mnazi Bay concession) Pipeline capacity 750 mmscf/d Financed by China Exim Bank…
Mnazi Bay Gas Utilization TPDC gas processing facility Mtwara to Dar es Salaam pipeline Possible Future Petrochemical Facility Note: Not to scale, for illustrative purposes only 7
Mnazi Bay Development Gas Sales Agreement now in place Wentworths estimated net cost of field infrastructure US7.8 mm to: Tie in wells Install separation facilities First Development well planned for Q1 2015 Bank financing secured…
First well: Tembo-1 Spud on 19 June 2014, anticipated completion Q4 2014 Targets in the mid Cretaceous and upper Jurassic Oil shows encountered in Cretaceous in both Mocimboa-1 (onshore) and Ironclad-1 (offshore) Note: Schematic…
Second well: Kifaru-1 Estimated spud late Q4 2014 post Tembo-1 Targeting Tertiary as well as Cretaceous sands Tilted fault block with multiple mapped closures at different stratigraphic levels 11
Mozambique Monetisation Monetisation of an on-shore gas discovery will depend on the size of the discovery: Large gas discovery could support an additional LNG train as part of the off- shore third party commercialisation projects 1…
Summary & Outlook Tanzania Sales of discovered gas in Tanzania to a new third-party pipeline scheduled for completion Q1 2015 Transformation into a production company starting in 2015 with substantial cashflows available to fund…
Appendices
Board & Executive Team Board of Directors Robert McBean, Executive Chairman Over 40 years experience in the upstream, midstream, and downstream oil and gas industries Former Managing Director of Qatar Fuel Additives Company (QAFAC), a…
Board & Executive Team Cont. Executive and Senior Management Team Calgary and London Geoff Bury, Managing Director Extensive oil and gas industry experience and strong petrochemicals project development and project management skills…
Board & Executive Team Cont. Executive and Senior Management Team Dar es Salaam Richard Tainton, Senior Vice President International 25 years of diverse experience with engineering projects around the world including gas and power…
Contingent and Prospective Resources Contingent Resources, Mnazi Bay License, Tanzania (Bscf)1 100% 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…
Capital Structure AIM and Oslo listed Key Shareholders Ticker WRL AXA Framlington 9.4% Vitol 9.3% Shares outstanding RP McBean 5.8% Basic 153.9 million Bank Julius Bar 3.9% Fully diluted 165.4 million Hermes 3.7% Standard Life…
Loading...
