Annual General Meeting Swala Oil and Gas (Tanzania) Ltd May 2 nd - - PowerPoint PPT Presentation
Annual General Meeting Swala Oil and Gas (Tanzania) Ltd May 2 nd 2013, 9am, Southern Sun DSM Swala AGM Chairmans Welcome Competitive Review 2012-2013 CEO Asset update OM Financial statement CFO Listing on the DSX CEO
May 2nd 2013, 9am, Southern Sun DSM
between May and October 2013
seismic data acquisition, where possible
source and for line clearing, to minimise potential impacts on local communities, farming and other activities
personnel.
– standard vibroseis trucks – explosives (dynamite) – AWD (Accelerated Weight Drop)
with dedicated drilling equipment (shot hole drilling).
Holes are “preloaded” - dynamite is loaded right when the hole is drilled, which prevents the hole caving in. Blasting cap leads are buried and located when the hole is shot.
‘mags’. Commonly CCans are used – these must be wood-lined, fenced, and guarded, with one mag for dynamite, and one for blasting caps etc.
Vibroseis truck AWD
– hand cutting / clearing – GPS guided mulchers for avoidance cutting and narrow width line construction – bulldozers or graders may be required in some areas – no removal of trees should be required – any road repairs will be beneficial to local communities
– project registration and screening – preparation / submission of a project brief to the National Environment Management Council (NEMC) – scoping – baseline study – impact assessment – impact mitigation and enhancement measures – preparation / submission of an Environmental Impact Statement (EIS) to the NEMC
(Environmental Resources Consultancy) to conduct the ESIA for the 2D seismic surveys
Tanzania, including onshore oil & gas projects
airborne gravity-magnetic survey in 2012
– disclosure of planned seismic survey activities – identification of concerns and grievances from stakeholders – response to grievances and enquiries of stakeholders – harnessing of local expertise, needs and knowledge from stakeholders – promoting collaborative efforts
Revenue USD Other income 62,853 Prospecting and exploration expenses
Operating and administration expenses
Loss before taxation
Taxation
Total comprehensive loss for the period
ASSETS Non-Current assets Property and Equipment 11,611 Current assets Tax claimable 16,040 Other receivables and prepayments 9,198 Bank balances 38,655 TOTAL ASSETS 75,504 EQUITY Equity attributable to equity holders Share Capital 22,309 Share Premium 595,229 Accumulated deficit
Total equity
LIABILITIES Non-Current liabilities Share capital advance 179,448 Current liabilities Intercompany payable 164,314 Current accounts 12,681 Other payables and accruals 363,075 TOTAL EQUITY AND LIABILITIES 75,504
50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000
Surface fees and Training Work Commitments external costs Work Commitments Personnel costs Non JV general & corporate costs Office Cost Travel Accommodation Personnel Cost G&A Overhead charges
SOGTL 2012 costs against budget
Budget - Total Actual - Total
Table2: (12 months) (net SOGTL) Jan to Mar13 Apr to Jun13 Julto Dec13 Total Salaries
$82,158 $144,055 $273,310 $499,524
Office etc
$78,102 $89,311 $86,862 $254,275
Support services
$365,717 $161,000 $451,187
Actual Total - General
$84,730 $599,083 $521,172 $1,204,986
Work on Pangani
$27,834 $563,124 $3,488,000 $4,078,958
Work on KK
$25,145 $565,204 $5,250,000 $5,840,349
Eyasi
$0 $461,436 $4,544,000 $5,005,436
12B
$0 $0 $0 $0
Actual Total - Work commitment
$52,978 $1,589,764 $13,282,000 $14,924,742
Cash at start of month
$41,194 $373,040
$41,194
Investments/ JV reimbursement
$469,555 $891,633 $9,248,448 $10,609,636
Total Cash in plus bank balance
$510,749 $1,264,673 $8,324,274 $10,650,830 Total Net Debt SOGTL $373,040
Parent loan plus interest
$100,000 $3,200,000 $0 $3,300,000 Total Net Debt SOGTL (after parent loan) $473,040 $2,375,826
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