Wentworth At a Glance East Africa (Tanzania and Mozambique) focused exploration, development and gas monetisation company Experienced management team in gas development and East Africa Strong local, in-country presence Attractive…
Wentworth Strategy Monetisation Gas reserves now on production in East Africa Cash flow Re-invest free cash flow to fund future Monetisation growth Exploration & Development Develop Mnazi Bay gas field to increase Cash flow…
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 Now on stream with Hydro power limited /…
Route to Monetisation: Total Demand Immediate 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 TANESCO the…
Route to Monetisation: Infrastructure 1.4 bn of new infrastructure now complete: Government-owned 36 pipeline from Mnazi Bay to Dar es Salaam with 750 mmscf/d capacity TPDC to operate pipeline Gas receiving stations at Somanga…
Route to Monetisation: Existing Supply Existing supply Mnazi Bay is the currently the only supplier of gas in Tanzania into new pipeline Now producing with increasing volumes to 80 mmscf/d by Q4 2015 Volumes to reach 130 mmscf/d in…
Mnazi Bay Gas Field Gathering System to Madimba and Existing Wells 5 production wells in Mnazi Bay gas field 7
Mnazi Bay Gas Field Schematic Cross Section 8
Mnazi Bay Exploration Mnazi Bay Partners in exploration Maurel et Prom (Operator) 60.075% Wentworth 39.925% TPDC is carried on exploration activities - Onshore and near-shore acreage (756 km2) 16 years remaining on license All…
Mnazi Bay Growth Near-term exploration targets 1.5 Tscf (614 Bscf Wentworths share) unrisked P50 Prospective Resources1 6 prospects already identified Additional prospects may arise as a result of ongoing interpretation of extensive…
Mozambique Opportunity Tembo-1 discovery in December 2014 Natural gas discovered in Cretaceous sands Discovery provided extensive additional information about the Rovuma Basin In discussions with Mozambique Government to appraise…
Additional Growth Opportunities Focus on East Africa onshore and near shore Leverage unique position to grow portfolio through Acquisitions / asset purchases Farm-in opportunities Licensing rounds Focus on near-term monetization…
Wentworth: the Next African Producer Wentworth now a key gas producer in Tanzania First supplier of gas into new government owned pipeline Substantial cash flow generation commencing in Q4 2015 Planning underway for cost effective…
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)…
Capital Structure AIM and Oslo listed Shareholders 3% Ticker WRL Vitol 9.9% AXA Framlington 9.6% Shares outstanding R B McBean 7.1% Basic 169.4 million Invesco 4.9% Fully diluted 184.5 million Genesis 3.6% Standard Life 3.6% Bank…
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