Aminex Plc · LSE:AEX
Aminex — Investor Presentation (March 2012)
20 slides from Aminex's investor presentation, March 2012
Slide 1: Company Overview
4 | aminexPL¢c Company Overview March 2012
Slide 2: Important notices
Important notices 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,
Slide 3: Aminex Overview
Aminex Overview London Full List exploration and production company focused on Africa Cash position sufficient to fund 2012 work programme and beyond Recently raised $3.1 million cash from placing with strategic Asian investors at 5.0 pence (45% premium to market price) Recent Gas discovery on
Slide 4: Our strategy – Focus on Africa
Our strategy – Focus on Africa Target distressed Invest in seismic companies evaluation Leverage higher High Impact De-risk Target 35% working multiples of Main Acquisitions Exploration interest in core Listing properties 7 well/year target in Africa Properties Strategic partnership Ex
Slide 5: Key African Assets in the Emerging Hydrocarbon Province of East Africa - Tanzania
Key African Assets in the Emerging Hydrocarbon Province of East Africa - Tanzania Nyuni PSA Onshore, Transition zone Shelf and Deep Water (70% WI, Aminex Operator) Ruvuma PSA Onshore and Shelf (75% WI, Aminex Operator) Kiliwani North Development Licence Production-ready Kiliwani North Field (6
Slide 6: East African Margin Tanzania
East African Margin Tanzania Rufiji and Ruvuma Deltas source of channel sands and stratigraphic fan plays, as proven by recent discoveries (e.g. Anadarko) Aminex licences cover on-shore, transition zone shelf and deep water Top Oil Window Top Gas Window Oil prone Jurassic Source Rocks showing co
Slide 7: Nyuni Area PSA
Nyuni Area PSA Onshore New PSA signed in 2011 covers 1,682 km² and area is valid until 2022 Transition Zone area Three zones – on-shore, transition zone shelf, deep water Pande lead 3 in adjacent Ophir block part of deep water in Nyuni 2 year work requirement - 800km 2D Seismic 2012 shooti
Slide 8: Nyuni Seismic Programme
Nyuni Seismic Programme 2012 shooting of 500km 2D seismic in deep water, 200-300km in transition zone 8
Slide 9: Ruvuma PSA
Ruvuma PSA The Ruvuma PSA covers 6,079 km² in the south-east of Tanzania, 80% onshore/20% offshore. Awarded 100% to Aminex in October 2005 and Aminex subsequently acquired new marine and onshore seismic data. Aminex has assumed operatorship from Tullow (AEX WI 56.25% to 75%). Likonde-1 was d
Slide 10: Ruvuma PSA
Ruvuma PSA RAK cha SudiLead — -1Luku BG/OPHIR Likonde-1 well . Lake KterI =———— Tilead #3 = _, Makonde ane Ntorya-1 well (“xz Ntotya Prospect | Tanzania t) 10 ——— rr es Kilometers ANADARKO/COVE 20 30 40 ANADARKOfCOVE ras) JJ ZN 10 aminexPLc
Slide 11: Ruvuma PSA – Likonde-1
Ruvuma PSA – Likonde-1 Likonde-1 was drilled to a total depth of 3,647 metres with high gas readings (up to C5 which is virtually a liquid) throughout the length of the well bore from a depth of 200 metres. Net sand bodies with the potential to be oil and gas reservoirs totalled 250 metres thick
Slide 12: Ntorya-1 Discovery
Ntorya-1 Discovery First on-shore discovery in Ruvuma Basin, Tanzania Gross sand interval of 25 metres between 2,660 metres and 2,685 metres 3 metre net gas bearing pay zone (C1 to C5) in sandstones with 20% porosity at the top 16.5 metre lower sandstone interval with further possible gas pa
Slide 13: Ruvuma PSA – Ntorya Seismic Profile
Ruvuma PSA – Ntorya Seismic Profile Seismic Reprocessing Identifies Stratigraphic Play Fairway and Ntorya Prospect Stratigraphic updip pinchout features were mapped into the Ntorya Prospect, correlatable with 200m zone of interbedded Base Campanian to Intra Oligocene sands and shales seen downdip
Slide 14: Ruvuma PSA -Ntorya-1
Ruvuma PSA -Ntorya-1 Sand Shale Gamma Ray Neutron Upper Sand Density Lower Sand Provisional Density-Neutron Log 14
Slide 15: Kiliwani North-1 Discovery
Kiliwani North-1 Discovery Kiliwani North-1 was drilled to 2,030 KN-1 metres from Songo-Songo Island in 2008. Encountered a 60 metre gas column in Neocomian age sands; flow rate of 40 million cubic feet/day on test (equivalent to 6,700 barrels oil per day). Follow-up work indicates contingent
Slide 16: Main Prospects in Nyuni PSA
Main Prospects in Nyuni PSA Figures are BCF gas in-place at P.mean level Based on an independent assessment by ISIS Petroleum Consultants Aminex has a 70% interest in the resources shown and is the Operator of the PSA. Aminex has calculated that a 73-83% recovery factor is applicable to gas in place
Slide 17: Non-Core assets in North America
Non-Core assets in North America Shoats Creek, LA 100% WI – 2 wells, Aminex Operator 50% WI - 1 Wilcox Well El Paso Operator Alta Loma, TX 32.5% WI / 37.5% WI in 2 wells El Paso Operator Weslaco 28% WI, Kaler Operator 17
Slide 18: US 1P & 2P Reserves
US 1P & 2P Reserves 1P Case (proved) Net Oil Net Gas Net BOE mbbl bcf mboe Shoats Creek 606 6,237 1,646 Alta Loma 124 3,535 713 South Weslaco 2 778 132 TOTALS 732 10,550 2,491 2P Case (proved + probable) Net Oil Net Gas Net BOE mbbl bcf mboe Shoats Creek 3,348 18,517 6,434 Alta Loma 157 4,461 900 So
Slide 19: Non-Core Egypt and Asia Assets
Non-Core Egypt and Asia Assets Egypt – Gulf of Suez West Esh el Mellaha-2 PSC (“WEEM-2”) 10% carried interest 996 km² Operator Seenopex Korean North Peninsula Korea – East Sea Offshore exploration licence covering 55,000km² 50% stake through Korex Ltd Operator Korex Ltd 19
Slide 20: Strategic Portfolio Restructuring
Strategic Portfolio Restructuring Target high impact acquisitions in Africa Explore divestiture of non-core assets in North America, Egypt and Korean Peninsula Explore farm down of interests in Tanzanian properties to circa 35% De-risk Tanzanian assets with aggressive seismic programme Wid