Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (May 2015)
15 slides from Aminex's shareholder meeting presentation, May 20, 2015
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 20 May 2015 Dublin
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. This document is an advertisement and not a prospectus. This document does not constitute or form part of any offer or invi
Slide 3: Aminex results since 2014 AGM
Aminex results since 2014 AGM 2014 AGM Achieved Comments Acquired new Ruvuma Seismic 1H 2014 Identify drill ready targets Ntorya-2, Namisange, Likonde Updip, and Sudi Complete CPR on Tanzania LR Senergy, May 2015 assets Dispose of non core assets US assets in 2014 Expand operationa
Slide 4: Asset summary
Asset summary Africa-focused oil and gas company with near term production, development and high impact exploration Well balanced portfolio in Tanzania: • Production, near term: Kiliwani North Field (expected mid 2015) • Appraisal drilling: Ntorya Gas Field • Low risk exploration: Nyuni Deep Water
Slide 5: Asset detail: Contingent Resources in Tanzania
Asset detail: Contingent Resources in Tanzania Senergy finalised a CPR for Aminex’s Tanzania assets: • Kiliwani North Gas Field: Contingent Resources (Best Est.): 28 BCF (gross) Pmean GIIP (gross): 44 BCF Production (pipeline completed): Mid 2015 Contingency: Signing of GSA • Ntorya Discover
Slide 6: Asset detail: Prospective Resources in Tanzania
Asset detail: Prospective Resources in Tanzania Senergy finalised a CPR for Aminex’s Tanzania assets: • Ruvuma PSA: Total Resources: Pmean GIIP (gross): 4.2 TCF Drill ready : 3 TCF Ntorya Updip, Namisange, Likonde Updip, and Sudi • Nyuni Area PSA: Total Resources on shelf: Pmean GIIP (gross): 5.7
Slide 7: Kiliwani North Field: Development licence
Kiliwani North Field: Development licence Kiliwani North summary (Operator, 58.5% WI) Expected production date Mid 2015 Expected IP rate 20-30 MMCF/D Contingent Resources (Best estimate, 2C)* 28 BCF (gross) Expected Net Cashflows $10-15MM p.a. KN-1 * May, 2015 Senergy CPR Kiliwani North Development
Slide 8: Ntorya Gas Appraisal: Ruvuma PSA
Ntorya Gas Appraisal: Ruvuma PSA Ruvuma summary Ruvuma Resources (Pmean GIIPS) (Operator, 75% WI) • Ntorya 2 to test 1.5 Tcf (Pmean, GIIP) Proposed Well Locations Cretaceous and Tertiary reservoir • Ntorya-1 flow tested at 20 mmcfd with 139 bbls associated condensate • Ntorya-2 Appraisal well planne
Slide 9: Ruvuma Basin: Cretaceous Play
Ruvuma Basin: Cretaceous Play • Ntorya-1 Gas Discovery in the centre of the prolific Cretaceous Play running throughout the Ruvuma Basin • Anadarko’s recent Tembo-1 success: 11m Net Gas Pay with Gas and Condensate Discovered • Ophir’s Taachui Gas Discovery: 155m Net Gas Pay Estimated 1.4 TCF Pmean R
Slide 10: Primary Target: Cenomanian Reservoir
Primary Target: Cenomanian Reservoir Ntorya-1 encountered: Cenomanian Gross Reservoir Thickness Map • Drilled in 2012: 3,150m TD • Cenomanian gas filled sand south of main channel axis • 27 m gross reservoir sand Likonde-1 3.8m of pay above GDT • 27% porosity • 153 BCF Discovered Pmean Ntorya-2 : •
Slide 11: Proposed Appraisal Well to test: Cenomanian & L. Tertiary
Proposed Appraisal Well to test: Cenomanian & L. Tertiary New 2014 Seismic Line 121 Down Axis of Ntorya Channel Ntorya-2 Well: • Appraise Ntorya gas discovery • Primary target: Cenomanian • Secondary target: L. Tertiary • Est. TD: 2,947m • Total Pmean GIIP: 1.5 TCF Ntorya-1 Log through Cenomanian ga
Slide 12: Drilling Ntorya-2 Appraisal Well
Drilling Ntorya-2 Appraisal Well • Prognosis TD: 2,947 m MD • Drilling planning has commenced: • Well engineering contractor selected • Well Site identified • Ntorya 1 “Lessons learned” operational report completed to maximise Ntorya-2 operations 12
Slide 13: Nyuni Area PSA
Nyuni Area PSA Nyuni summary (Operator, 70% WI) Pande West Lead: 1.3 TCF (Pmean GIIP)* Focus on high potential, low risk deep water potential Highly prospective licence with adjacent large discoveries Analogous to large Chewa, Pweza, and Kamba discoveries (6.0 TCF)** Kiliwani Pande West North (Viazi
Slide 14: Strategy and Outlook
Strategy and Outlook Four primary goals for the next year: 1. Refinance or extend loan facility beyond July, 2015 • Loan partly paid through $3.5MM sale of 6.5% interest in KN • Option to sell another 6.5% of KN for $3.5MM 2. Main operational priority: bring Kiliwani North gas on production • Expect
Slide 15: Contact
Contact Aminex PLC 7 Gower Street, London, WC1E 6HA, UK Tel: +44 (0)20 7291 3100 Fax: +44(0)20 7636 9667 Email: [email protected] www.aminex-plc.com 15