Exploration & Gas Monetization in East Africa

Mnazi Bay Concession Prospects and Leads

Mnazi Bay Concession Prospects and Leads

Mnazi Bay PSA

License Surface Area Ownership % Production % Exploration
Mnazi Bay 756km2 Wentworth Resources 31.94 39.925
    Maurel et Prom1 48.06 60.075
    TPDC 20.00 n/a
1Denotes Operator
  1. Coastal (onshore and offshore), south-eastern Tanzania bordering the Ruvuma River to the south and extending east into the Indian Ocean
  2. Concession area lies between Aminex's Ruvuma concessions and BG Group's offshore Block 1 concession
  3. 834 Bcf (Pmean) gas discovered in the concession area through 5 wells drilled to date (266 bcf Recoverable Contingent Resources net to Wentworth)
    • 4 wells to be brought on production at an expected rate of 20 mmcf/d gross per well
    • Substantial value uplift when reclassified as reserves following completion of the pipeline and GSA
  4. Current work programme includes acquiring 320 km of new 2D seismic onshore
  5. New gas processing plant and pipeline terminal to be built by TPDC at Madimba,Tanzania
    • located within the Mnazi Bay concession
  6. First gas expected to be delivered Q1-2015 under take or pay agreement with delivery point adjacent to existing facilities
  7. New Development and exploration wells to follow execution of gas sales agreement

Contingent and Prospective Resources

Contingent Resources (Unrisked) Mnazi Bay License, Tanzania
(Bcf)
  100% Field Values Wentworth 31.94% Interest
  P90 P50 Mean P10 P90 P50 Mean P10
Gas Originally in Place 365 892 1,112 2,117 117 285 355 676
Recoverable Resources 271 667 834 1,594 87 213 266 509
Prospective Resources (Unrisked) Mnazi Bay License, Tanzania
(Bcf)
  100% Field Values Wentworth 39.925% Interest
  P90 P50 Mean P10 P90 P50 Mean P10
Gas Originally in Place 1,653 2,400 2,486 3,400 672 958 993 1,357
Recoverable Resources 1,064 1,537 1,596 2,201 425 614 637 879