Aminex Plc · LSE:AEX
Aminex — Investor Presentation (December 2007)
21 slides from Aminex's investor presentation, December 2007
Slide 1: Company Presentation December 2007
Company Presentation December 2007
Slide 2: Current Operational Activity
2 CURRENT OPERATIONAL ACTIVITY Aminex has spent several years building an acreage portfolio on the East African margin where it now has a unique position, created well ahead of the current high level of industry interest in the region. In addition the company has a significant interest in Egypt and
Slide 3: Stop Press: Current Drilling at Nyuni in Tanzania
3 STOP PRESS Current Drilling at Nyuni in Tanzania • Kiliwani-1 was spudded on 15 November 2007 using the Caroil-6 land rig • Kiliwani is a small islet 1 km SE of Song-Songo Island, home of the prolific Songo-Songo gas field which supplies most of Dar es Salaam’s power needs • There is a major commo
Slide 4: Financing Exploration Activities
4 FINANCING EXPLORATION ACTIVITIES Aminex has recently: • Raised $29 million through a combined institutional placing and a rights issue • Completed three farm-outs in two different areas of Tanzania, to Tullow Oil, RAK Gas and Key Petroleum • Negotiated a free-carried interest of 10% through to com
Slide 5: Corporate Profile
5 CORPORATE PROFILE • Fully-listed in London and Dublin since 1995 • Shares held by leading institutions and private shareholders with 6,000 shareholders • Debt-free and one class of share with simple structure • 240 million shares in issue • Cash and proved reserves equate approximately to current
Slide 6: Areas of Activity
6 AREAS OF ACTIVITY Egypt Interesting oil opportunity in a North Korea mature producing country Unique entry position USA Cash generative producing operations East African Margin: Tanzania, Kenya, Madagascar High impact frontier exploration programme under way
Slide 7: Current Areas of Activity
7 CURRENT AREAS OF ACTIVITY East African Margin Tanzania Nyuni PSA East African Margin Tanzania Ruvuma PSA East African Margin Kenya L17/L18 PSA East African Margin Madagascar Manja PSA – Block 3108 Gulf of Suez onshore Egypt West esh el Mellahah PSA Far East N. Korea Co-operation Agreement, all are
Slide 8: East African Margin: Tanzania, Madagascar, Kenya
East African Margin TANZANIA MADAGASCAR KENYA
Slide 9: East African Margin: Tanzania, Nyuni PSA
9 East African Margin TANZANIA, NYUNI PSA • Currently drilling first of 2 back-to-back exploration wells to test Lower Cretaceous Sand Stones. Result of Kiliwani-1 expected within 30 days. Kiliwani North-1 will be drilled next • Aminex has a 39% interest and its share is partially carried by other p
Slide 10: East African Margin: Tanzania, Ruvuma PSA
10 East African Margin TANZANIA, RUVUMA PSA L17 & L18 • 2007 onshore seismic acquisition programme now complete 5,000 km² • First of two obligation wells will be spudded late 08/early 09 • Potential for oil and gas in deep Karoo formations, Neocomian and also Tertiary (as in adjacent Mnazi Bay field
Slide 11: East African Margin: Madagascar, Manja PSA
11 East African Margin MADAGASCAR, MANJA PSA • Seismic acquisition in progress • Drilling likely in 2009 • Manja PSA (Block 3108) was granted in 2005 and covers 10,750 km² onshore W coast in Morandava Basin • Potential for both gas and oil with evidence for similar source rocks to those present on t
Slide 12: East African Margin: Kenya, Nearshore Blocks L17/18
12 East African Margin KENYA, NEARSHORE BLOCKS L17/18 • Initial 600 km seismic survey now completed • PSA granted in 2007; area approximately 5,000 km² mainly onshore • Licences stretch from Tanzanian border to N of Mombasa • Lower Cretaceous potential is similar to Tanzania. 2D seismic already acqu
Slide 13: Egypt
13 EGYPT Aminex Petroleum (Egypt) Ltd. signed the WEEM 2 licence with Egyptian Energy Minister Sameh Fahmy in Sept. 2006
Slide 14: Gulf of Suez onshore: West Esh El Mellahah PSA
14 Gulf of Suez onshore EGYPT, WEST ESH EL MELLAHAH PSA • PSA granted in 2006 to Aminex Petroleum (Egypt) Ltd • Good 3D seismic coverage and adjacent to major production • Licence covers approximately 1,400 km² in the onshore Gulf of Suez region • Classic Gulf of Suez rift geology with excellent res
Slide 15: North Korea
15 NORTH KOREA Aminex signed a Petroleum Agreement with government of N. Korea in June 2004
Slide 16: Far East: N. Korea Co-operation Agreement
16 Far East N. KOREA, CO-OPERATION AGREEMENT • In 2004 Aminex signed a Petroleum Co-operation Agreement with the government of the Democratic Peoples Republic of Korea (North Korea). Under this NORTH KOREA Agreement Aminex provides technical, commercial and legal support to the government in its eff
Slide 17: USA: Texas, Louisiana
USA TEXAS LOUISIANA
Slide 18: USA: Texas/Louisiana, Multiple Leases
18 USA TEXAS/ LOUISIANA, MULTIPLE LEASES • Shoats Creek, Calcasieu Parish, Louisiana: Proved producing and proved undeveloped oil field. High potential for further development. 3D seismic survey in progress. Aminex 100% net revenue interest • Alta Loma, Galveston County, Texas: one well produces gas
Slide 19: Proved Reserves
19 PROVED RESERVES US Oil & Gas Reserves net to Aminex’s interests: Oil (mbo) Gas (mmcf) Shoats Creek 1,440 9,760 Alta Loma 293 7,768 S. Weslaco 13 2,659 Somerset 328 nil Total Proved & Probable 2,074 20,187 (Independently valued in Q1 2007 at $86.3 million)
Slide 20: Prospective Oil & Gas
20 PROSPECTIVE OIL & GAS Prospective Oil & Gas in Africa net to Aminex’s interests: Millions bbls equivalent Nyuni, Tanzania 131 Ruvuma Tanzania 575 Manja, Madagascar 471 Blocks L17/18, Kenya 212 WEEM 2 PSA, Egypt 8 TOTAL 1,397 NOTE: The total net to Aminex shown above of 1,397 million barrels oil e
Slide 21: Drilling at Kiliwani Island, December 2007
21 Drilling at Kiliwani Island, December 2007