Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (June 2010)
28 slides from Aminex's shareholder meeting presentation, Jun 9, 2010
Slide 1: AGM Presentation 9th June 2010
AGM Presentation 9th June 2010 aminex PLC
Slide 2: Notice of Disclaimer
NOTICE OF DISCLAIMER This presentation does not constitute or form part of any offer or invitation to sell or issue, any offer or inducement to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any shares in Aminex PLC (“Aminex” or “the Company”) or securities
Slide 3: Aminex PLC
AMINEX PLC Kiliwani N. gas Ruvuma well discovery to be proves oil hub of an potential in a expanding gas First new new basin province Shoats Creek drilling opens up campaign. Deep Wilcox well planned TANZANIA for 2010 Encouraging drilling results lead to TEXAS EGYPT extension of licence LOUISIANA co
Slide 4: Aminex in Tanzania
AMINEX IN TANZANIA Aminex commercial gas discovery at Kiliwani North (Nyuni PSA) Likonde-1 well in the Ruvuma Basin opens up the potential for a new oil province in S. Tanzania (Ruvuma PSA) 4 AGM Presentation 9th June 2010
Slide 5: Tanzania – Ruvuma
TANZANIA – RUVUMA A potential new oil play in East Africa 5 AGM Presentation 9th June 2010
Slide 6: Activity on the East African Coastal Margin in 2010 YTD
ACTIVITY ON THE EAST AFRICAN COASTAL MARGIN IN 2010 YTD Tullow and Aminex drill Likonde-1, the first onshore well in the Tanzanian Ruvuma Basin in recent times, encountering thick reservoir sands and establishing the presence of crude oil. Anadarko and Cove drill Windjammer deep water gas discov
Slide 7: The Ruvuma Basin
THE RUVUMA BASIN The Likonde-1 onshore well in the Ruvuma Basin drilled by Aminex and Tullow in Q1 2010 established indications of crude oil, the presence of a working petroleum system and thick potential reservoir sands. Likonde-1 opens up the potential for a new oil province on the coastal mar
Slide 8: Likonde-1
LIKONDE-1 What actually happened? Drilled to total vertical depth of 3,647 metres during Q1 2010. Net sand bodies with the potential to be oil and gas reservoirs in different formations aggregated a thickness of 820 feet. There were high gas readings (up to c5 grade) virtually throughout the
Slide 9: Likonde-1
LIKONDE-1 What have we learned so far? There is oil in the Ruvuma Basin. Gas is present over long intervals and at depth high pressure gas is hard to control. There is a working petroleum system in the Ruvuma Basin. There is a massive thickness of potential reservoir sands in the region (8
Slide 10: Likonde-1
LIKONDE-1 Where do we go from here? The raw data and samples are still being analysed and, because this was a first well in a frontier basin, they will take a little time to understand fully. For the first time in the immediate area we now have a well bore, data from which can be integrated wi
Slide 11: Tanzania – Nyuni
TANZANIA – NYUNI A future gas-gathering hub 11 AGM Presentation 9th June 2010
Slide 12: Main Prospects in Nyuni PSA
MAIN PROSPECTS IN NYUNI PSA (figures are BCF gas in-place at P.mean level) DAR ES SALAAM OKUZA 598 Songas treatment plant 208 Songas pipeline NYUNI E+W 45 1045 Kiliwani N discovery Prospective P.mean resources FANJOVE Contingent P.mean resources 640 Based on an independent assessment by ISIS Petrole
Slide 13: The Nyuni/East Songo-Songo PSA & Surrounding Acreage
THE NYUNI/EAST SONGO-SONGO PSA & SURROUNDING ACREAGE Aminex holds 50% interests in two PSAs in the Songo-Songo area: Nyuni/East Songo- Songo (known as “Nyuni”) and West Songo-Songo. Nyuni and West Songo-Songo lie in the delta of the Ruvuma River in a shallow marine/coastal environment with numer
Slide 14: Nyuni – The Kiliwani North Gas Discovery
NYUNI THE KILIWANI NORTH GAS DISCOVERY Kiliwani North-1 (“KN-1”) was drilled to a KN-1 total vertical depth of 2,030 metres in 2008, from a site on the southern tip of Songo- Songo Island. The well encountered a 60 metre gas column in Neocomian age sands, 18 metres of which were fully production
Slide 15: Nyuni – Exploration Prospects
NYUNI EXPLORATION PROSPECTS The main prospects on the Nyuni PSA identified by seismic have now been interpreted and evaluated and are shown on the accompanying table. There are two separate prospects. Nyuni East and Nyuni West. Aminex drilled the Nyuni-1 well on Nyuni Island in 2003-4 which wa
Slide 16: Table of ISIS Nyuni Resources
TABLE OF ISIS NYUNI RESOURCES upgraded by ISIS since publication of the Annual Report P.mean P10 in BCF in BCF Contingent resources Kiliwani North 45 70 Nyuni – Aptian/Albian 208 414 TOTAL CONTINGENT 253 484 Prospective resources Nyuni 1,045 2,127 Okuza 598 1,206 Fanjove 640 1,228 TOTAL PROSPECTIVE
Slide 17: Texas & Louisiana
TEXAS & LOUISIANA Exploration, development, production 17 AGM Presentation 9th June 2010
Slide 18: Texas & Louisiana
TEXAS & LOUISIANA All Aminex’s commercial oil and gas production currently comes from its US properties in Texas and Louisiana. Aminex USA Inc. owns four distinct groups of properties in Texas and Louisiana of which the most significant are SHOATS CREEK and ALTA LOMA. A gas and oil discovery w
Slide 19: Louisiana – Shoats Creek
LOUISIANA SHOATS CREEK Shoats Creek is located in south-western Louisiana close to the city of Lake Charles. It covers 1,570 contiguous acres in low-lying forested country. Aminex has owned and operated the property for several years. To take advantage of higher oil prices, 3D seismic data was a
Slide 20: Louisiana – Shoats Creek Wilcox Play
LOUISIANA SHOATS CREEK – WILCOX PLAY In 1988 a previous operator tagged the north Wilcox sands in a well drilled at Shoats Creek but did not complete the well for production, probably due to the economics of low oil prices at that time. Aminex’s new 3D seismic reveals the presence of several Wil
Slide 21: Texas – Alta Loma
TEXAS ALTA LOMA Aminex’s Alta Loma leases cover 444 acres Proposed Location SE-3 in Galveston County, Texas, close to Houston. Aminex has 37.5% and the operator is El 2.5 Bcf cum Paso Corporation. Sunny Ernst-2 was drilled to 14,000 feet in 2H 2008 and encountered several reservoirs. It was co
Slide 22: U.S. Reserves Table
U.S. RESERVES TABLE Summary of Oil and Gas Reserves in the USA, P50 Basis Lease Area Oil mmbbls (1) Gas bcf (2) Shoats Creek (3) Calcasieu County, Louisiana 1.70 16.70 Alta Loma Galveston County, Texas 0.14 4.80 South Weslaco Hidalgo County, Texas 0 1.60 Somerset Bexar/Atascosa Counties, Texas 0.10
Slide 23: Korean Peninsula
KOREAN PENINSULA 23 AGM Presentation 9th June 2010
Slide 24: Korean Peninsula
KOREAN PENINSULA Aminex has been working on the prospectivity of the Democratic People’s Republic of Korea (North Korea or DPRK) for several years, signing a formal Petroleum Co-operation Agreement in 2004. Aminex believes that the DPRK is one of the last under-explored countries in the world wi
Slide 25: Egypt
EGYPT 25 AGM Presentation 9th June 2010
Slide 26: Egypt
EGYPT Aminex is a 12.5% shareholder in Aminex Petroleum Egypt Ltd. which operates and is an 80% owner of the West esh el Mellaha-2 PSC onshore Gulf of Suez, Egypt (“WEEM- 2”). Effectively, therefore, Aminex has a 10% net interest in WEEM-2, costs of which are carried by other partners through to
Slide 27: Round-up
ROUND-UP In Tanzania Aminex has established commercial gas in one area and the presence of crude oil and a working petroleum system in another. Finding crude oil indicators in the Ruvuma Basin of Tanzania is the major breakthrough which Aminex has been seeking for eight years. An evaluation of
Slide 28: Thank you for listening
Thank you for listening Aminex PLC 7 Gower Street London WC1E 6HA Tel: 020 7291 3100 Fax: 020 7636 9667 [email protected] www.aminex-plc.com 28