Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (May 2014)
13 slides from Aminex's shareholder meeting presentation, May 22, 2014
Slide 1: Transformation Underway
Transformation Underway AGM Presentation 22 May 2014
Slide 2: Disclaimer
Disclaimer 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, to any
Slide 3: Investment Summary
Investment Summary • Africa-focused oil and gas company with near term production, development and high impact exploration • Experienced, recognised and well-invested management team • Strong asset base with large resource potential and a route to monetisation in early 2015 • Fully funded to execute
Slide 4: Executives and Advisors
Executives and Advisors Commercial and operational experience and financially committed PHILIP THOMPSON - COO BRIAN HALL - Chairman - Founder and former CEO of San Leon Energy - 40 years’ industry experience - UK North Sea, Russia, USA, - Co-founded Canyon Oil & Gas Ltd. (now part of Aminex group) T
Slide 5: Delivery
Delivery Fully funded to execute current work programme • Raised $15M via placing and open offer in January • Funded to first gas from Kiliwani North and to shoot infill seismic in Ruvuma Doing what we said we would • Refinanced the Company • Re-evaluated the assets and built on technical capabiliti
Slide 6: Strength of Assets
Strength of Assets MATERIAL OPERATED EXPOSURE TO EAST AFRICA • Aminex is the operator of all its assets in Tanzania • Exposure to a well balanced portfolio of assets • New management team with strong operational backgrounds LARGE RESOURCE POTENTIAL • Exceptional entry point for investment relative t
Slide 7: Asset Detail-Tanzania
Asset Detail-Tanzania Dar es Salaam Existing 16” Songas Pipeline 36” Diameter Pipeline Kiliwani North-1 Expected onstream Q1/15 Somangafungu TANZANIA Ntorya-1 Discovery 1.2 TCF Potential MOZAMBIQUE Material Operated Interest in Assets All discoveries to be produced into main pipeline being construct
Slide 8: Kiliwani North Field: Development Licence
Kiliwani North Field: Development Licence Kiliwani North Summary (65% WI) Expected Production Date 1H 2015 Expected IP Rate 20 mmcfd Resource Estimate Pmean 45 BCF (gross) * All discovered and prospective resource numbers are GIIP, ISIS Reports * Management estimates Gross Gas MMCF/D (Annual Average
Slide 9: Ruvuma Summary
Ruvuma Summary Manamawa Kiswa Sudi Ziwani NW Likonde-1 Processing plant Likonde Updip Namisange Ziwani SW Ntorya-1 Ntorya Updip Ntorya Channel Depth Map (m BSL) 20 km Identified Leads Ruvuma Summary (75% WI) • Currently shooting infill seismic over Ntorya Up-dip, Likonde, and Namisange • Likonde had
Slide 10: New Seismic – First Look
New Seismic – First Look Line MT07-24 New Line 142: Brute Stack (Raw Data) W E W E Gas sand 0 2 4 6 8 10 km New Interpretation: Ntorya Channel Thickness Map (m) Ntorya Channel Legacy Line 89-12 W E Ntorya-1 10
Slide 11: Nyuni Area PSA
Nyuni Area PSA Okuza Nyuni East Banda Pande West Ophir Viazi Lead Imbi SE Kiliwani North Nyuni Summary (70% WI) Gas Field • Focus on deep water prospectivity • Company to seek partners for its interest in order to focus on onshore development areas • Highly prospective licence with adjacent large di
Slide 12: Other Assets
Other Assets Egypt Moldova West Esh el Mallaha Valeni Field (Partnership Agreement) 10% carried interest 80% WI on new wells and workovers Adjacent to large producing oil field Net production ~10 BBLS/D from 1 well No further capital to be spent in country and no obligations outstanding
Slide 13: Corporate Strategy
Corporate Strategy 1. Rejuvenate Aminex • Directors and management’s interests are and will remain aligned with shareholders • Expand the Company’s technical capacity • Refocus on Africa • Drive forward the core asset base in Tanzania • Begin production from Kiliwani North • Appraise the Ntorya-1 di