Slide 1: AGM Presentation May 2017
AGM Presentation May 2017 Contact us 60 Sloane Avenue, London, SW3 3DD Web: www.aminex-plc.com 1
Slide 2: Disclaimer
Disclaimer Certain information contained herein constitutes forward-looking statements, which can be identified by the use of forward-looking terminology such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “should” or “will”, or, in each case, their nega
Slide 3: Aminex: Position at 16th May 2017
Aminex: Position at 16th May 2017 Highlights (past 12 months) Shareholders Forward Business Plan Successful Ntorya-2 gas well Cornerstone Investor, Eclipse Investments Ruvuma PSA: Applying for 25 year (a subsidiary of the Zubair Corporation) Development Licence over Ntorya 2016 Placing and Open offe
Slide 4: Operational history of Aminex in Tanzania
Operational history of Aminex in Tanzania First well in 2D seismic Nyuni-2 well GSA signed for Kiliwani North Tanzania spudded acquired in Nyuni-1A re-entry First gas in April (Nyuni-1) with gas Ruvuma and Kiliwani-1 Ntorya-2 well spudded shows Nyuni well Likonde-1 well Ntorya gas discovery December
Slide 5: Asset summary
Asset summary Ruvuma PSA: • Composed of Mtwara and Lindi licences • Ntorya 25 year development area to be carved out of Mtwara licence • Ntorya-1 discovery well (2012) tested gas at 20 MMcf/d with 139 bbls of condensate (maximum rate) Nyuni • Ntorya-2 appraisal well (2017) successfully drilled and t
Slide 6: Resources
Resources 2015 CPR Resources Gross Net Gross Licence Aminex Net Contingent Prospective Prospective PSA/Licence Gas Resource Contingent Status Interest Resource Resource BCF Best Est. BCF Best Est. BCF Best Est. BCF Best Est. Kiliwani North Producing Discovered 57.4474% 28 16 - - Ntorya Discovery App
Slide 7: Ruvuma PSA (Mtwara & Lindi Licences)
Ruvuma PSA (Mtwara & Lindi Licences) Aminex (Op) 75% Mtwara (1,681 km2) / Lindi (1,766 km2): Solo (Non-Op) 25% • Ntorya-1 gas discovery (2012) proved onshore Cretaceous play in the Ruvuma basin Lindi Lindi • Ntorya-2 appraisal well encountered 51m gross Cretaceous reservoir interval 74m up-dip from
Slide 8: Ntorya-2: Successful appraisal
Ntorya-2: Successful appraisal • Aminex believes the resource upgrade is significant news for the company, Tanzania and all stakeholders • Unlike previously drilled wells in the region, Ntorya-2 hole conditions were excellent, however heavy mud weights used to safely control the well resulted in res
Slide 9: Ntorya-2 to Ntorya-1 comparison
Ntorya-2 to Ntorya-1 comparison Ntorya-2 Ntorya-1 Datum 2,593m* 2,662m* Perforated Zone 3.8m tested zone 25m Perforated Zones Good porosity and 16m lower sand: permeabilities° untested Net Pay 51m Legend 1,500m offset Sand Significantly thicker reservoir ° Permeabilities derived from CMR log Shale s
Slide 10: Ntorya discovery and appraisal
Ntorya discovery and appraisal TWT Schematic diagram to illustrate petroleum system S Source Rock R Reservoir 1500m Ntorya-3 NT-2 NT-1 (projected) Excellent regional claystone/marl seal Late Albian Target R R S R Karoo Source Rock ~5km R S 10
Slide 11: Source: Cretaceous oil zone thickness
Source: Cretaceous oil zone thickness 2600m Ruvuma PSA 4600m Likonde - 1 Mnazi Bay -1 Ntorya -1 Ntorya -2 The regional Cretaceous source rocks are estimated to have generated between 4.8 - 8.1 billion bbls of hydrocarbons* Data from SPIE Basin Study 2014 * Not in place volumes 11
Slide 12: Source: Jurassic gas zone thickness (Type III)
Source: Jurassic gas zone thickness (Type III) The regional Triassic/Jurassic source rocks are estimated to have generated between 180 - 276 TCF* Lukuledi-1 Likonde - 1 Ntorya -1 Mnazi Bay -1 Immature zone 1770m Gas zone Immature zone 3430m Over matured zone Gas zone 5360m Over matured zone Data fro
Slide 13: Kiliwani North and Nyuni Area PSA
Kiliwani North and Nyuni Area PSA Nyuni Area PSA Nyuni Area PSA (area= 840km2) • Aminex 93.3333% (operator) Kiliwani North • PSA granted in 2011 Development Licence Structural closures Nyuni Area PSA • Lower Tertiary and Cretaceous plays against N-S striking post 2016 Songo Songo faults relinquishme
Slide 14: Songo Songo Island processing facilities
Songo Songo Island processing facilities New SSI Processing Facility SS-11 Songo Songo Island Tanzania Songo Songo Island Processing Facility Songas Facility SS-4 SS-10 SS-9 SS-3 SS-5 SS-12 ` KN-1 New SSI Processing Kiliwani North tie-in Facility SS-7 KN-1 wellhead control panel 14
Slide 15: Tanzania infrastructure
Tanzania infrastructure Dar es Salaam • Demand expected to exceed supply within the next 3 years as proposed power and industrial plants are due Goodwill to be completed Ceramic • National production approximately ~150 MMcf/d* • Ntorya asset in a unique position to supply local markets or deliver ga
Slide 16: Contact us
Contact us 60 Sloane Avenue, London, SW3 3DD Web: www.aminex-plc.com 16