Aminex Plc · LSE:AEX
Aminex — Shareholder Meeting (May 2013)
17 slides from Aminex's shareholder meeting presentation, May 22, 2013
Slide 1: AGM Presentation 22nd May 2013: Exploration Opportunities in Tanzania
AGM PRESENTATION 22nd MAY 2013 Exploration Opportunities in Tanzania: Why Aminex believes in the potential of the Nyuni and Ruvuma PSAs
Slide 2: Introduction
Introduction o Aminex has been in Tanzania since 2002 when the East African Coastal Margin was only a lightly explored backwater. o Aminex has drilled 6 wells including 2 commercial discoveries, one of which is developed and ready to produce. o The Company’s acreage includes (1) onshore, (2) shallow
Slide 3: Introduction: Onshore, Nearshore Successes
Introduction Onshore, Nearshore Successes o Mafia Basin/Rufiji Delta, Tanzania: Mafia/Rufiji Basin • Songo Songo (1974) • Mukuranga (2006) • Kiliwani North (2008) o Ruvuma Basin, Tanzania and northern Mozambique: • Mnazi Bay (1982) • Ntorya-1 (2011) o Sample analyses made available to Aminex provide
Slide 4: Regional Geological Setting and Prospectivity
Regional Geological Setting and Prospectivity o The deepwater exploration success along the East African Coastal Margin demonstrates the exploration potential that may exist onshore and on the nearshore shelf. o High quality (3D) seismic in the open marine deepwater environment is the main cause for
Slide 5: Regional Geological Setting and Prospectivity
Regional Geological Setting and Prospectivity o Ntorya, along with most leads within the Ruvuma PSA, and post-Neocomian leads within Nyuni PSA are part of the same play fairway as the recent deepwater discoveries. o Historically structural prospects have been drilled along the coastal margin with on
Slide 6: Regional Geological Setting and Prospectivity
Regional Geological Setting and Prospectivity o Ntorya, along with most leads within the Ruvuma PSA, and post-Neocomian leads within Nyuni PSA are part of the same play fairway as the recent deepwater discoveries. Presentation to shareholders, Aminex PLC AGM, Dublin, Ireland, 22nd May 2013
Slide 7: Exploration Progress
Exploration Progress o Virtually all recent major gas discoveries have been in the (deepwater) offshore, where most of the recent 2D and 3D seismic has been acquired. o This is because of the ease of access in open marine deepwater environments for acquiring high quality seismic with minimal logisti
Slide 8: Exploration Progress
Exploration Progress o Most of the Nyuni legacy data (all 2D) has a limited “maximum offset” of <1,500m. o The 2005 dataset has a 3,000m maximum offset. Careful reprocessing allows a major improvement in imaging, to better de-risk prospects prior to drilling. o Deepwater/open marine 2D and 3D seismi
Slide 9: Exploration Progress and Prospectivity
Exploration Progress and Prospectivity SSE NNW o Advanced processing and imaging technologies applied to state-of-the-art 2D and 3D seismic in an unrestricted deepwater marine environment enables much greater confidence in de-risking prospects pre-drill. o However, similar acquisition and processing
Slide 10: Exploration Progress and Prospectivity
Exploration Progress and Prospectivity o Songo Songo-1 in 1974 promoted structural plays and the potential for productive Neocomian-age reservoir sands. o Albian sands as at Ntorya of good reservoir quality are stratigraphically controlled - their presence in structural traps is highly variable. o P
Slide 11: Exploration Progress and Prospectivity
Exploration Progress and Prospectivity 2D Seismic Dip Line 89MT-10, onshore Northern Ruvuma Basin. o Previous onshore exploration was focused on identifying large structural closures and seismic coverage was coarse. Upper Cretaceous Lead D as o Limited contractor availability and high costs mapped b
Slide 12: Exploration Progress and Prospectivity
Exploration Progress and Prospectivity o The Kiswa and Sudi Base Tertiary channel complex leads in the Ruvuma PSA are now clearly imaged on reprocessed data. o They appear analogous to BG/Ophir’s Jodari Base Tertiary gas discovery (GIIP estimated at ~4.5 Tcf), 25 km to the West in the deepwater. o K
Slide 13: Exploration Progress and Prospectivity
Exploration Progress and Prospectivity o The Sudi Lead (onshore Ruvuma) is part of the same Base Tertiary channel complex as the offshore Kiswa Lead. (Onshore) (Offshore) Presentation to shareholders, Aminex PLC AGM, Dublin, Ireland, 22nd May 2013
Slide 14: Exploration Prospectivity
Exploration Prospectivity o Since the success of Aminex’s Ntorya-1 gas discovery, mapping of the Ruvuma PSA has identified further stratigraphic leads not previously recognised with confidence from available 2D seismic. o Aminex is planning new 2D seismic in the Ruvuma PSA to better define and de-ri
Slide 15: Exploration Prospectivity: Tanzanian Coastal Pipeline
Exploration Prospectivity o Tanzania has signed a $1.2 billion finance package with the Chinese Export Bank for gas infrastructure which will include: • 450 km 36” pipeline from Ruvuma Basin to Dar es Salaam. • 25 km 24” pipeline from Songo Songo Island to main pipeline. • New gas processing plants
Slide 16: Summary
Summary o The deepwater acreage in the Nyuni PSA is of potentially significant exploration interest and 3D seismic is planned for this year. o New appraisal seismic at Ntorya (Ruvuma) will provide well control and identify locations for appraisal drilling on the path to commercialisation. o Ruvuma i
Slide 17: Ntorya-1, Ruvuma PSA, flowing on test, June 2012
Ntorya-1, Ruvuma PSA, flowing 139 bpd condensate and 20MMcfd on test through a 1” choke, June 2012. Presentation to shareholders, Aminex PLC AGM, Dublin, Ireland, 22nd May 2013