Wentworth At a Glance East Africa (Tanzania and Mozambique) focused exploration, development and gas monetisation company Experienced management team in gas to power development and East Africa Strong local, in-country presence…
Wentworth Strategy Monetisation Near term commercialisation of gas reserves in East Africa Cash flow Monetisation Free cash flow generation from Q4 2015 to reinvest and fund future growth Exploration & Development Field…
The Tanzanian Opportunity Unsatisfied Demand New Infrastructure Mnazi Bay Supply Existing chronic power 500 km pipeline from 2P reserves of 95.5 Bscf2 shortages Mtwara to Dar es Salaam 5 development wells Hydro power limited /…
Route to Monetisation: Total Demand Immediate incremental demand from existing power plants c. 80 mmscf/d1 Demand projected to grow to 475 mmscf/d by 2018 Demand likely to outstrip supply during that period TPDC buyer of the gas with…
Route to Monetisation: Infrastructure 1.4 bn of new infrastructure nearing completion: Government-owned 36 pipeline from Mnazi Bay to Dar es Salaam with 750 mmscf/d capacity TPDC to operate pipeline Construction of gas receiving…
Route to Monetisation: Existing Supply Existing supply Initially Mnazi Bay will be the only supplier of gas in Tanzania into new pipeline 5 wells will be producing in the field by Q3 2015 Initial volumes of 80 mmscf/d escalating to…
Mnazi Bay Gas Field Gathering System to Madimba and Existing Wells 5 wells in Mnazi Bay gas field, all completed as producers 7
Mnazi Bay Gas Field Schematic Cross Section 8
MB-4 Development Well Completed on June 17, 2015 Drilled to 2,778 meters TVDSS 24 meters net pay (Upper Mnazi Bay) and 43 meters net pay (Lower Mnazi Bay) Best of 5 wells drilled on field to date Tested at two-hour stabilised…
Exploration upside Near-term exploration targets 6 prospects identified 1.5 Tscf (614 Bscf Wentworths share) unrisked P50 Prospective Resources1 Exploration to be funded through cash flow All costs recoverable against existing and…
Positioned for Growth Leverage unique position as key gas supplier to the power industry in Tanzania Estimated US3.5m estimated revenue for each full month of gas sales Reinvest cash flows into Mnazi Bay and grow the business…
Wentworth: the Next African Producer Poised to become a key gas producer in Tanzania First supplier of gas into new government owned pipeline Q3 2015 Substantial cash flow generation expected to commence in Q4 2015 Cost effective…
Appendices
Reserves Summary Reserves Summary for Mnazi Bay as at December 31, 2014 Full Field Wentworth 31.94% WI Gross Reserves Gross(1) Reserves Net(2) Reserves Reserve Category Sales Gas BOE Sales Gas BOE Sales Gas BOE (Bscf) (MMbbl)…
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…
Capital Structure AIM and Oslo listed Key Shareholders Ticker WRL AXA Framlington 9.6% Vitol 9.3% Shares outstanding RP McBean 5.8% Basic 154.1 million Invesco 4.5% Fully diluted 169.1 million Bank Julius Bar 3.9% Standard Life…
Loading...
