Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (February 2014)
9 slides from Aminex's shareholder meeting presentation, Feb 24, 2014
Slide 1: Extraordinary General Meeting
Extraordinary General Meeting 24 February 2014 LSE:AEX
Slide 2: Presentation Highlights
Presentation Highlights Highlights Recapitalisation Way Forward Business Plan Existing Asset Base Placing Details Focus on Africa Transition company from exploration to Operational Developments Details Equity post recapitalisation development and production Asset revaluation – exploit upside potenti
Slide 3: Existing Asset Base
Existing Asset Base AMINEX OPERATES ALL TANZANIA LICENCES Net Resources: 8.3 TCF Pmean Aminex total Licence Area: 5,213 km² (~1.3MM acres) NEAR TERM PRODUCTION Kiliwani North Development Licence 14-21 TCF • Aminex 65% WI Operator • First production and revenue expected early 2015 Kiliwani North 15-1
Slide 4: Other Assets
Other Assets United States 6.4 MMBOE Net Shoats Creek, Louisiana – 5.9 MMBOE* • Cockfield Unit: 100% WI • Wilcox Unit: 50% WI, EP Energy operator Alta Loma, Texas – 535 MBOE**Net • 37.5% WI, Activa operator (TO BE DIVESTED) * Wind River Designs Report ** Sojen Report Egypt Moldova West Esh el Mellah
Slide 5: Operational: Recent Developments
Operational: Recent Developments Kiliwani North Field Ruvuma PSA Seismic Acquisition Programme • First production: early 2015 • Programme start date: Nov 2013 • Gas Sales Agreement: largely Complete • Programme completion date: 3Q 2014 (expected) Gross Gas MMCF/D (Annual Average) 20 • Goals of seism
Slide 6: Pipeline Progress
Pipeline Progress • TPDC has recently provided the company with a progress report on the major north south pipeline being constructed which will allow Kiliwani North Gas to be commercialised and also runs right through the Ruvuma PSA • All segments of pipe have arrived in Tanzania and are awaiting i
Slide 7: Recapitalisation
Recapitalisation Post Financing Illustration: Current Shares in issue: 819 MM Approx. Placing Shares: 800 MM Canyon Acquisition Shares: 80 MM Shareholders’ Open Offer (up to): 200 MM Approx. Debt for Equity: 75 MM Approx. Issued Shares post Transaction: 1,975 MM Argo $8mm Loan repayment date extende
Slide 8: Corporate Strategy
Corporate Strategy 1. Rejuvenate the Aminex brand • Directors and management aligned with shareholders • Increase technical capacity of management 2. Refocus on Africa • Drive forward the core asset base in Tanzania • Begin production from Kiliwani North • Appraise the Ntorya-1 discovery and focus s
Slide 9: Important notices
Important notices This document, which is personal to the recipient and has been issued by Aminex PLC (the “Company”), comprises written materials/slides for an investor presentation. It and its contents are confidential and may not be reproduced, redistributed or passed on, directly or indirectly,