Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (July 2009)
18 slides from Aminex's shareholder meeting presentation, Jul 23, 2009
Slide 1: Aminex plc Extraordinary General Meeting – Operational Update
aminex plc EXTRAORDINARY GENERAL MEETING 23 July 2009 OPERATIONAL UPDATE www.aminex-plc.com
Slide 2: East Africa Coastal Margin and Onshore Gulf of Suez
EAST AFRICA COASTAL MARGIN AND ONSHORE GULF OF SUEZ EGM Presentation 23 July 2009 2
Slide 3: Aminex's Operations in the USA
AMINEX’S OPERATIONS IN THE USA EGM Presentation 23 July 2009 3
Slide 4: Tanzania: First Drilling in the Ruvuma Basin
TANZANIA FIRST DRILLING IN THE RUVUMA BASIN • Aminex and Tullow Oil (Operator) are 50-50 partners in the 12,000 km² Ruvuma concession in southern Tanzania. • The first well is due to be spudded in 2009 to test the stacked pay potential of established Tertiary and Neocomian plays as well as the deepe
Slide 5: Tanzania: First Drilling in the Ruvuma Basin
TANZANIA FIRST DRILLING IN THE RUVUMA BASIN Example of reprocessed seismic line from Ruvuma PSA EGM Presentation 23 July 2009 5
Slide 6: Tanzania: Kiliwani North Discovery Appraisal
TANZANIA KILIWANI NORTH DISCOVERY APPRAISAL • A new seismic survey has now been completed over and around Songo-Songo Island this week. • The survey is part of the Kiliwani North appraisal programme and its primary purpose is to define the extent of the discovery. • Initial field data received is of
Slide 7: Tanzania: Nyuni Exploration Licence
TANZANIA NYUNI EXPLORATION LICENCE • Test reprocessing of existing seismic data over the Nyuni PSA is in progress. • Good results are being obtained which provide much improved definition of the numerous prospects on the licence. • A complete seismic reprocessing project across the licence should ma
Slide 8: Egypt: Onshore Gulf of Suez, West Esh El Mellahah
EGYPT ONSHORE GULF OF SUEZ, WEST ESH EL MELLAHAH • Aminex Petroleum Egypt Ltd. holds the West Esh El Mellaha-2 concession in the Eastern Desert of Egypt. • Aminex is free-carried for 10% through to commercial production. • A third exploration well, South Malak-1, is due to be spudded during August 2
Slide 9: USA: Alta Loma, Galveston County, Texas
USA ALTA LOMA, GALVESTON COUNTY, TEXAS SUNNY ERNST-2 DISCOVERY • Following the success of the Sunny Ernst-2 well in 2H 2008, operator El Paso is now proposing re-entry of the older Sunny Ernst-1 well with a new completion in the “S” sand where there is 18 feet of potential gas pay. • Re-entry is lik
Slide 10: USA: Shoats Creek Oil & Gas Field, Louisiana
USA SHOATS CREEK OIL & GAS FIELD, LOUISIANA • Mature oil & gas field which was first drilled in the 1920s. • 20 well bores of which 2 currently produce around 40 bopd. • High potential for redevelopment. • At end 2008, Shoats Creek was valued at $95 million on 2P basis. • New 3D seismic indicates de
Slide 11: Provisional Forward Activity Chart
PROVISIONAL FORWARD ACTIVITY CHART NEW Q3 09 Q4 09 2010 2011 WELLS NYUNI (Tanzania) Seismic to define KN discovery Seismic to firm up exploration well locations Exploration/development drilling 2 2 RUVUMA (Tanzania) Partial farm-out of interest Firm exploration well 1 1 Conditional exploration well
Slide 12: Summary
SUMMARY • Encouraging new data to support first drilling at Ruvuma in Q4. • New seismic now acquired to define Kiliwani North discovery. • Encouraging seismic reprocessing results support further exploration over Nyuni prospects. • Recompletion of Sunny Ernst-1 planned at Alta Loma. • Sunny Ernst -3
Slide 13: Further information
Further information: Brian Hall, Executive Chairman Mike Rego, Exploration Director Simon Butterfield, Finance Director Aminex 7 Gower Street, London WC1E 6HA Tel: +44 207 291 3100 www.aminex-plc.com EGM Presentation 23 July 2009 13
Slide 14: Appendix
APPENDIX 1. AFRICAN LICENCES AND JOINT VENTURES 2. TANZANIA - SUMMARY OF NYUNI PROSPECTS SIZES 3. USA - INDEPENDENTLY APPRAISED RESERVES 4. AMOSSCO EGM Presentation 23 July 2009 14
Slide 15: 1. African Licences & Joint Ventures
1. AFRICAN LICENCES & JOINT VENTURES 1. Nyuni PSA Aminex 40% (operator) Kiliwani N appraisal RAK Gas 25% 1,400 km² Key 20% EAX 10% Bounty 5% Tanzania 2. West Songo-Songo Aminex 50% 500 km² Key 50% (operator) 3. Ruvuma Basin Aminex 50% (Lindi & Mtwara) Tullow 50% (operator) 12,000 km² Blocks L17 & L1
Slide 16: 2. Tanzania: Summary of Nyuni Prospect Sizes
2. TANZANIA SUMMARY OF 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 Total Gas Total Oil Oil MMboe (GIIP) Bcf (GIIP) MMboe Songo Songo South
Slide 17: 3. USA: Independently Appraised Reserves at Dec. 2008
3. USA INDEPENDENTLY APPRAISED RESERVES AT 31 DEC. 2008 Net Oil Working Net Net NPV¹º Reserves & Gas Asset Interest Oil Gas (net) Category mmboe WI mmb bcf (mm$) (6:1) 1P 0.35 8.7 1.8 39.9 Alta Loma, Texas 37.5% 2P 0.35 8.7 1.8 39.9 1P 0.02 0.2 0.05 0.9 Shoats Creek (op), Louisiana 100% 2P 1.74 16.7
Slide 18: 4. AMOSSCO
4. AMOSSCO Aminex Oilfield Service & Supply Company Ltd (“AMOSSCO”) is trading briskly in the international market with new projects under review. AMOSSCO also provides valuable logistics and procurement support to Aminex’s operations. EGM Presentation 23 July 2009 18