Rovuma Onshore Concession

  • Primarily onshore, north-eastern Mozambique bordering the Rovuma River to the north and extending east into the Indian Ocean
  • Concession area west of and adjacent to Anadarko's Offshore Area 1 concession (estimated gas resources of 45-70 Tcf)
  • Exploration History - 3 wells drilled to date:
    • Mocimboa-1: Oil and gas shows in Cretaceous age turbidites
    • Mecupa-1: Tertiary gas shows
    • Tembo-1: Gas and condensate shows in the Cretaceous – post-drill evaluations are ongoing as of January 2015
    • Extensive 2D seismic including 1,016km acquired in 2012/13
  • 7 drillable prospects (including Tembo-1 completed in December 2014) identified:
    • 4.3 Tcf (P50) prospective resources*
    • Geological chances of success from 14%-22%*
  • Partners have agreed to drill 2 exploration wells in 2014/15 (Tembo-1 and Kifaru-1)
  • Drilling operations of a 2 well programme commenced on June 19, 2014
  • Rig contract allows for an optional 3rd well
  • Tembo prospect (Tembo-1 exploration well) was drilled first and post-drill evaluations are ongoing as of January 2015:
    • Potential for oil in the Cretaceous
    • 192 MMstb gross P50 prospective resource (oil case)*
    • OIP -756 MMstb gross P50*
    • 974 Bcf gross P50 prospective resource (gas case)*
    • GIIP 1.6 Tcf gross P50*
  • Kifaru prospect (Kifaru-1 exploration well)commenced drilling operations on January 14, 2015
    • Targeting gas in the tertiary sands as well as testing Cretaceous
    • 940 Bcf gross P50 prospective resource*
 
Drilling Operations at the Kifaru-1 well location – January 23, 2015

Participation Interest in Concession

License
Surface Area
Ownership
% Participating
% Paying through
Exploration
Rovuma Onshore
13,500km2
Wentworth Resources
11.59
13.64
Anadarko1
35.70
42.00
Maurel et Prom
27.71
32.60
ENH
15.00
n/a
PTTEP
10.00
11.76
1Denotes operator

Prospective Resources*

Prospective Resources (Unrisked) Rovuma Onshore, Mozambique (Bcf and MMstb)
100% Field Values
Wentworth's 11.59% Interest
P90
P50
Mean
P10
P90
P50
Mean
P10
Gas Originally in Place - gas case
4,757
7,167
7,771
11,561
551
831
901
1,340
Recoverable Resources - gas case
2,849
4,347
4,745
7,121
330
504
550
825
Gas Originally in Place - oil case
3,667
5,123
5,329
7,198
425
594
618
834
Oil in Place - oil case
107
756
1,205
2,808
12
88
140
325
Recoverable Gas Resources - oil case
2,194
3,100
3,234
4,428
254
359
375
513
Recoverable Oil resources - oil case
25
192
277
780
3
22
32
90

*Source: RPS Energy Canada Ltd. resource assessment as at August 31, 2013

Mozambique

Rovuma Basin Map

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