Slide 1: Corporate Presentation April 2016
Corporate Presentation April 2016 Producing Value, Capturing Upside
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: Highlights
Aminex: Highlights Commercial production rate anticipated to generate $1 m cash flow net to Aminex per month Large acreage holder in Tanzania near infrastructure - positioned for growth with 3 TCF prospective resources* Production turning contingent resources into reserves, appraisal turning prospec
Slide 4: Asset Summary
Asset Summary Prospect/ Associated Licence Age Status Lead Wells Kiliwani North Discovery 2008 Kiliwani Kiliwani Kiliwani North Development Neocomian Development North North-1 First Gas April 2016 Licence Licence Ntorya-1 Discovery 2012 Kiliwani North Nyuni Area PSA Ruvuma PSA Gas Discovery (Ruvuma
Slide 5: Production Delivering Value
Production Delivering Value Kiliwani North Development Licence Nyuni Area PSA • Aminex WI 54.575%* (Operator) • First Gas April 2016 Songo Songo • Gas Sales Agreement in place Field Kiliwani North Development Licence • Gas sold at $3.07/mcf • Fixed pricing (not linked to global commodity KN-1 market
Slide 6: Kiliwani North Development Licence
Kiliwani North Development Licence N KN-1 New Gas Facility Subsea Pipeline 6 Source: Xinhua/ Ding Wei
Slide 7: Forecasted Daily Production MMcf/d
Kiliwani North Development Estimated Gross Gas and Net Monthly Cash Flow Estimated life of field cash flow (Aminex Share) $50MM Estimated Net Monthly Cash Flow (million US$) Forecasted Daily Production MMcf/d 7
Slide 8: Demand in Tanzania
Demand in Tanzania Tanzania is in a period of change • Tanzania currently produces and consumes 35 BCF of natural gas per year* • Only 36% of country have access to electricity (only 7% in rural areas)* • Growing population, economy and industry • Kiliwani North-1 will only provide 14% of Tanzania’s
Slide 9: Upside from Contingent and Prospective Resources
Upside from Contingent and Prospective Resources Aminex Resource Proportions: Production: Kiliwani North resource conversion Contingent Resources • Resources (gross)(2C): 28 BCF* (expected to be reclassified as reserves) 98 BCF* Kiliwani Development plans accelerating: North 28 BCF Ntorya • Ntorya G
Slide 10: Ruvuma PSA: Low Risk Appraisal and Development
Ruvuma PSA: Low Risk Appraisal and Development Ntorya-1 Well Test images Ruvuma PSA: Ntorya Appraisal • Working Interest 75% (operator) • Ntorya-1 Discovery Well • Flow tested at 20 mmcfd with 139 bbls associated condensate • Potential candidate for re-completion • Intersected downdip limit and test
Slide 11: Ruvuma PSA: Ntorya-2 Step Out-Appraisal
Ruvuma PSA: Ntorya-2 Step Out-Appraisal • Working Interest 75% (operator) Reprocessed Seismic Line MT07-24 • Ntorya-2 Step Out Location • Drill location 1500m to SW of discovery well • 60% Chance of Success based on Ntorya-1 well • Proposed spud of summer 2016 • Post drilling plan to apply for 25 ye
Slide 12: Ruvuma PSA: Ntorya-3 Well Location
Ruvuma PSA: Ntorya-3 Well Location Ntorya-3: • 1.1 TCF Pmean Ntorya field upside • 30% Chance of Success Ntorya-1 Ruvuma Exploration Area (REA) Ntorya-3 Ntorya-2 1.5km Ntorya-1 1.5km Ntorya-2 2 km Ruvuma Exploration Area (REA) Right to apply for one-year extension ending 2017 Ruvuma Appraisal Ruvuma
Slide 13: Play Diagram: Ntorya-3 and migration pathways
Play Diagram: Ntorya-3 and migration pathways Ntorya-3 (projected) Ntorya-2 Ntorya-1 Channel targeted in Ntorya-3 Sealing shales and marls Ntorya Gas Discovery Karoo Source Rock * Schematic diagram to illustrate petroleum system Migration pathways up faults and carrier beds 13
Slide 14: Ntorya Gross Thickness Map
Ntorya Gross Thickness Map Isopach with depth structure contours from Late Albian channel Oil Generation Updip migration of hydrocarbons Gas/Condensate Generation from NE to SW Migration pathways Gross Late Albian package greater Ntorya- 1 than 200m thick at Ntorya-3 Ntorya- 3 Ntorya-3 to test 1.5 T
Slide 15: Nyuni Area PSA: Deep Water Prospectivity
Nyuni Area PSA: Deep Water Prospectivity Proposed Well Locations Processing Plant 36” Diameter Pipeline Pande West Existing 16” Songas Proposed subsea Pipeline Lead pipeline Chewa, Pweza, & Kamba Discoveries Songo Songo 24” Diameter Spur Pande West Lead Proposed 3D Ndovu Survey Area Pande West Balun
Slide 16: Corporate Social Responsibility
Corporate Social Responsibility Ndovu continue to assist in the communities through their association with ATS, a registered NGO in Tanzania. Focused on improving the standard of living for Tanzanians in Health and Education. • 24 x Medical Surgical Missions (Over 1,300 life changing operations) • 3
Slide 17: Aminex in Tanzania
Aminex in Tanzania • Responsible operator with 14 years’ experience in Tanzania • Carried assets through from exploration to production, bringing the Kiliwani North Field online in April 2016 • Aminex has built a strong relationship with the TPDC through successful exploration, delivering on licence
Slide 18: Aminex: Key Points
Aminex: Key Points Balanced portfolio in world class basin Production and cash generation Low cost gas to power opportunities Growth potential from exploration assets Stable political environment Experienced operator with drilling success in Tanzania now monetising resources 18
Slide 19: Contact
Contact Aminex PLC 7 Gower Street, London, WC1E 6HA, UK Tel: +44 (0)20 7291 3100 Fax: +44 (0)20 7636 9667 Email: info@aminex-plc.com www.aminex-plc.com