Aminex Plc · LSE:AEX
Aminex — Investor Presentation (January 2019)
19 slides from Aminex's investor presentation, January 2019
Slide 1: EGM Presentation
EGM Presentation January 2019 London Stock Exchange : AEX Irish Stock Exchange : AEX 1 www.aminex-plc.com
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 neg
Slide 3: Summary
Summary A full cycle upstream company Existing pipeline: • Premium listed on London and Irish Stock Exchanges • Regional gas strategy underpinned by: • Strong gas demand growth and fixed pricing • Large cornerstone investor: Zubair Group • Large multi TCF resource base • 763 BCF* 2C (Gross) • 7.0+ T
Slide 4: Development focus
Development focus Ruvuma PSA: Existing pipeline: • 25 year Development Licence applied for over Ntorya area • 763 BCF (gross) 2C Resource within the Ntorya development area as per RPS 2018 CPR • CPR includes 936 BCF 2U (gross) for the Chikumbi Jurassic prospect • Extension over Mtwara Licence area s
Slide 5: Production focus
Production focus Kiliwani North Development Licence: Existing pipeline: • Licence expiry in 2036 with no further commitments • Company has engaged in low-cost remediation of producing well to attempt restart of production • Offsetting large Songo Songo gas field • Existing gas sales agreement and ga
Slide 6: Exploration focus
Exploration focus Nyuni Area PSA: Existing pipeline: • Company focussed on structural and stratigraphic targets in shallow water close to existing infrastructure • Numerous leads have been identified with greater than 4.8 TCF* (gross un-risked mean GIIP) • Potential to combine seismic programmes wit
Slide 7: Ruvuma
Ruvuma 7
Slide 8: Ruvuma: The Ntorya gas field
Ruvuma: The Ntorya gas field Ntorya-1 Cretaceous Discovery well: • Tested at 20 MMcf/d and 139 Bbls condensate from a 3.5m sand on a 64/64 choke • Potential to re-enter well and perforate lower gas bearing zone Ntorya-2 Appraisal well: • Tested at a stabilised rate 17 MMcf/d from a restricted interv
Slide 9: Farm-out Illustration: Success Case Example
Farm-out Illustration: Success Case Example Ntorya Development area current status Drilled 2017 Tested: 17 MMcf/d 51m Gross reservoir Drilled 2012 Tested: 20 MMcf/d 25m Gross reservoir Aminex to be paid $5 MM (additional to carry) in cash within 180 days of deal closure Farm-out Deal (Excl: $5 MM up
Slide 10: Carried: Drill and test Chikumbi-1
Carried: Drill and test Chikumbi-1 ARA Spend Remaining Aminex Carry $15,000,000 $30,000,000 * Based on management assumptions 10
Slide 11: Carried 3D Seismic defines/optimises development locations
Carried 3D Seismic defines/optimises development locations ARA Spend Remaining Aminex Carry $21,000,000 $28,000,000 * Based on management assumptions 11
Slide 12: Carried: Potential EPS
Carried: Potential EPS Option for the government to build connecting pipeline Early production revenues to Aminex TPDC build main pipeline JV builds main pipeline ARA Spend Remaining Aminex Carry ARA Spend Remaining Aminex Carry $24,000,000 $27,000,000 $46,500,000 $19,500,000 * Based on management a
Slide 13: Carried to Full field development with little to no risked capital
Carried to Full field development with little to no risked capital Up to $40 MM** Per annum net to Aminex generated * 140 MMcf/d based on 2017 io commercialization report (P50 Full field development) ** Based on management assumptions and Kiliwani North gas terms TPDC build main pipeline JV builds m
Slide 14: Kiliwani North and Nyuni Area
Kiliwani North and Nyuni Area 14
Slide 15: Kiliwani North Development Licence
Kiliwani North Development Licence • Licence terms to 2036 with no further commitments • On trend with the large Songo Songo gas field which produces NW corner of the island • Existing gas sales agreement in place • Production to date: 6.4 BCF • Revenue generated (gross) : $18.3 MM • Kiliwani South
Slide 16: Kiliwani North: Current interpretation and 3D Seismic
Kiliwani North: Current interpretation and 3D Seismic • New mapping has identified the Kiliwani South prospect • 57 BCF GIIP (mean un-risked) • 3D seismic is required to image the Kiliwani North structure in order to asses remaining Songo Songo 855 BCF 3P potential (As at 31st December 2017) • 3D se
Slide 17: Kiliwani North-1: Status
Kiliwani North-1: Status • The sub surface safety valve has been repaired • Data is being analysed and future low cost options are being evaluated • Gas flowed to the plant for a short period • Perforation of the lower zone progressing • Fluid column potentially present 17
Slide 18: Conclusion
Conclusion Existing pipeline: • Aminex has a robust asset portfolio with abundant production, development and exploration opportunities • Aminex has a large multi TCF resource base • Aminex has the potential to be fully carried through to full field development with meaningful cashflow • Aminex is a
Slide 19: Contact us
Contact us: London Aminex Petroleum Services Limited Kings Buildings 16 Smith Square London, UK SW1P 3JJ Tel: +44 (0)20 3198 8415 Email: info@aminex-plc.com Web: www.aminex-plc.com Click here for map Tanzania Ndovu Resources Ltd Plot No. 431, Mahando Street Msasani Peninsular PO Box 105589 Dar es Sa