Slide 1: Ruvuma Farm-out
Ruvuma Farm-out July 2018 Contact us Kings Buildings, 16 Smith Square, London. SW1P 3JJ 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 neg
Slide 3: Summary
Summary • London Main Board Listed • Proposed farm out of the Ruvuma PSA is intended to accelerate development and carry Aminex through to a minimum production level of 40 MMcf/d with no further recourse to funding • In addition to the carrying Aminex to a minimum production level, Zubair will also
Slide 4: Example of Farm out in Practice
Example of Farm out in Practice Project is Fully Funded to Production: • Implied work programme of up to $105 MM for 75% • $35 million net to Aminex guaranteed • Drill, complete, test CH-1 • Acquire 200km 2 of 3D seismic to optimise drilling targets • Construct EPS/Pipeline to deliver gas • Based on
Slide 5: Production forecasts: Full field development (P50)
Production forecasts: Full field development (P50) * Note that 10 2017, io oil & gas consultancy (a joint venture between Baker Hughes, a GE Company, and McDermott) conducted a commercialisation report on the Ntorya development. The production profiles shown above are based on profiles derived from
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Slide 7: Ruvuma operational history
Ruvuma operational history Approximately 1982 7
Slide 8: Ruvuma operational history
Ruvuma operational history Approximately 1990 8
Slide 9: Ruvuma operational history
Ruvuma operational history Approximately 2010 9
Slide 10: Ruvuma operational history
Ruvuma operational history Approximately 2012 10
Slide 11: Ruvuma operational history
Ruvuma operational history Approximately 2017 11
Slide 12: Chikumbi-1: Pathway to an Early Production System
Chikumbi-1: Pathway to an Early Production System • Chikumbi-1 to delineate the Ntorya gas field and potentially test a deeper Jurassic exploration target • Anticipated spud date Late 2018 • Located ~5 km from the Ntorya-1 gas discovery which tested at 20 MMcf/d and 139 bbls of condensate • Located
Slide 13: Chikumbi-1: Geological Section
Chikumbi-1: Geological Section TARGET 763 BCF (2C) Recoverable 13
Slide 14: Ntorya Discovery reservoir system and potential
Ntorya Discovery reservoir system and potential Sequence 1 * Representative log depicting reservoir section at Chikumbi‐1, based on geological model and seismic interpretation. Not yet drilled. 14
Slide 15: Ntorya Discovery reservoir system and potential
Ntorya Discovery reservoir system and potential Sequence 2 * Representative log depicting reservoir section at Chikumbi‐1, based on geological model and seismic interpretation. Not yet drilled. 15
Slide 16: Ntorya Discovery reservoir system and potential
Ntorya Discovery reservoir system and potential Sequence 3 * Representative log depicting reservoir section at Chikumbi‐1, based on geological model and seismic interpretation. Not yet drilled. 16
Slide 17: Ntorya Discovery reservoir system and potential
Ntorya Discovery reservoir system and potential Sequence 4 * Representative log depicting reservoir section at Chikumbi‐1, based on geological model and seismic interpretation. Not yet drilled. 17
Slide 18: Ntorya Development
Ntorya Development ominex IDENTIFY AND SECURE ASSETS ACQUIRE AND Cycle of Upstream Investment EXPLORATION INTERPRET SEISMIC + APPRAISAL PRODUCTION A Value and Certainty t= = = > 2D Siesmicf a Udated technical ws Ntorya-2 Ntorya-1 Aminex generating cash with minimal to no capital outlay Full Field De
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 Click on the image to d