Aminex Plc · LSE:AEX

Aminex — FY2008 Earnings Presentation

10 slides from Aminex's earnings presentation, Apr 1, 2009

  1. Slide 1: Aminex PLC 2008 Post-Results Briefing

    AMINEX PLC 2008 Post-Results Briefing 1 April 2009

  2. Slide 2: 2008 Highlights

    2008 HIGHLIGHTS  Major discovery in Tanzania at Kiliwani North  Aminex is the most active explorer on the E African margin  Major discovery in Texas at Alta Loma now on production  Oil production volume up 24%  Gas production volume up 123%  Drilling success at South Weslaco, Texas  Loss for

  3. Slide 3: U.S. Operations

    U.S. OPERATIONS  At this time US assets need to work as hard as possible  The effect of production from Sunny Ernst-2 in Q4 is evident from the highlights  Pipeline restrictions at Alta Loma are likely to be lifted in the near future  Meeting in Houston planned to determine programme for complet

  4. Slide 4: U.S. Reserves at December 2008

    U.S. RESERVES AT DECEMBER 2008 Net Net Oil Working Gross Gross Net Net NPV¹º Revenue Reserves & Gas Asset Interest Oil Gas Oil Gas (net) Interest Category mmboe WI mmb bcf mmb bcf (MS) NRI (6:1) 1P 1.24 31.0 0.35 8.7 1.8 39,932.6 Alta Loma 37.5% 28.08% 2P 1.24 31.0 0.35 8.7 1.8 39,932.6 1P 0.03 0.27

  5. Slide 5: Kiliwani North Development

    KILIWANI NORTH DEVELOPMENT  Seismic survey planned for Q2 to define the KN discovery, both transition zone seismic over the shallow reefs and land source seismic on Songo- Songo Island itself  Likely development well following seismic interpretation  Tie-in to Songas plant on Songo-Songo Island i

  6. Slide 6: Nyuni Exploration Licence

    NYUNI EXPLORATION LICENCE  Exploration continues on the residual Nyuni blocks which have not been carved out for the Kiliwani North appraisal licence  Two wells to be drilled by 2011  This licence remains highly prospective for both oil and gas  See independent prospect analysis (next slide) Ami

  7. Slide 7: Nyuni Prospect Sizes

    NYUNI PROSPECT SIZES Nyuni Structural Leads P50 mean, unrisked, GIIP Neocomian Structural Structural Leads at all levels Lead Name (Neocomian, Aptian-Albian, Leads only Top Cretaceous, Base Eocene) Gas Bcf Oil Total Gas Total Oil (GIIP) MMboe Bcf (GIIP) MMboe Songo Songo South 37 6 54 9 Fanjove 275

  8. Slide 8: Ruvuma Programme

    RUVUMA PROGRAMME  First well (Mikindani-1) to be spudded by end October at latest  Tullow as well as Aminex has budgetary constraints  Tanzanian government co-operative in allowing programme slippage  Aminex actively seeking farm-out and in discussions with several significant companies  Mikind

  9. Slide 9: Other Activities

    OTHER ACTIVITIES Kenya Seismic planned over L17/18 One firm well for 2009, possibly more Egypt Shallower prospects to be targeted Progress still slow but agreement in tact N Korea Recent status of trade mission Trading briskly in the international market AMOSSCO New projects under review Valuable in

  10. Slide 10: Outlook

    OUTLOOK  Aminex is on track despite the same difficulties which face all companies everywhere at present  General shortage of new capital calls for innovative solutions  Outlook good, subject to avoiding freak storms Aminex PLC 2008 Post-Results Briefing 10

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