SLIDE 1
1
OVERVIEW PRESENTATION September 2013 Disclaimer This presentation - - PowerPoint PPT Presentation
OVERVIEW PRESENTATION September 2013 Disclaimer This presentation - - PowerPoint PPT Presentation
SouthWest Energy OVERVIEW PRESENTATION September 2013 Disclaimer This presentation contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil and gas exploration and
SLIDE 2
SLIDE 3
2
Introduction to SouthWest Energy - Ethiopia
Founded in 2005 as the first Ethiopian-owned oil and gas exploration company
The only indigenous company to successfully
- btain an energy concession in Ethiopia
One of the top five largest exploration acreage holders in East Africa
HQ offices are located in the capital city, Addis Ababa
SLIDE 4
3
Overview of SWE Holdings
Operator and 100% holder of rights in three adjacent blocks in the Jijiga Basin (subset of Ogaden Basin) and one block in the Gambella region
Assets cover 46,000 km2 (29,000 km2 in the Jijiga Basin and ~17,000 km2 in the Gambella)
Signed a Joint Study Area (“JSA”) covering 63,000 km2 in the Jimma area, which is believed to be rich in oil shale
Aims to become the first African indigenous company to open a basin in its own country
Independent third party study (by Senergy) shows more than a billion barrels of hydrocarbon potential
Plans to complete 3-well drilling program during the course of 2013 and 2014
Gambella Block Jijiga Blocks Jimma JSA
SLIDE 5
4
Unlocking the Hydrocarbon Potential of Ethiopia
Highly promising proven, yet underexplored region
Attractive exploration portfolio
Clear work plan and path to future growth
Strong performance record
Experienced advisors and management
SLIDE 6
5
Seismic Exploration Camps in Jijiga Blocks
Main Seismic Camp in Kebri Beyah Seismic Fly Camp in Heglile
SLIDE 7
6
Providing Support to Local Communities
Our Active Community Programs Include…
Rehabilitated two primary schools in the Somali State
Provided computers and training to six public schools in Gambella
Provided animal medicine and farm tools to communities in Somali State
Ongoing support for youth initiatives and charities in the capital city
All projects are proposed by the local governments in the areas where we operate.
SLIDE 8
Highly Experienced Board of Directors
Strong board, focused on governance, and comprising leading international investors and energy industry figures, all of whom have invested in SWE.
Tewodros Ashenafi Founder, Chairman and CEO, SouthWest Energy
17 years experience in energy industry
Chairman of Ambo Mineral Water S.C.
President of African Oil & Gas Forum
Andrew James Morris
Chairman of Blake Oil and Gas Ltd, Guernsey, a privately owned oil and gas company operating in the Republic of Georgia
Previously, 15 years experience in Financial Services, including Director of FS Risk Management at Ernst & Young Robert M. Atwater
Senior executive in the biotech sector
Co-founder of Thalassa Capital Management, a biopharma investment fund
Chairman and CEO of CyprotexPlc for five years James De V. B Guiang
Geophysicist with more than 30 years of experience in the oil industry with Exxon, Amerada Hess and Conoco, with proven track record in finding oil & gas
Currently Special Advisor to the Board
- f Saudi Crown Investment and
Chairman of LJ Capital Terranova
Managing Director for Natural Resources at Millennium Global Investments between 2006 and 2011 Miles Morland
Chairman of BlakeneyManagement and DPI; two investment management firms specialising in emerging world with an emphasis on Africa
Currently Director of SAB Miller and a number of companies active in the developing world
He was founder and is former chair of the London Business School’s Africa Board
7
SLIDE 9
High Caliber Advisory Board
Sir John Bond
Former Chairman of Xstrata
Vodafone Group plc Chairman (2006-2011)
HSBC Group Chairman (1998-2006)
HSBC Group Chief Executive (1993-1998) Lord Malloch-Brown
Chairman of FTI Global Affairs
Former Chief Advisor to the World Economic Forum and United Kingdom former Africa minister (2007-2009)
Deputy Secretary – General (2006); UNDP Chief (1999-2005) Sir John Craven
Chairman of Patagonia Gold Plc
Seven years as Member of the Board of Managing Directors of Deutsche Bank AG
Former Chairman of Morgan Grenfell
Former Chairman of Lonmin Plc Svante Pahlson Moller
Chairman of Oracle Advisory Ltd, engaged in fund and private equity investments
11 years experience in Corporate Finance as Executive Director working for Blyth Eastman Dillon Simon Murray
Former Chairman of Glencore
6 years as Executive Chairman of Asia Pacific Deutsche Bank AG (1993-1998)
14 years with Jardine Matheson Group, running their engineering trading operations
Director of Cheung Kong Holdings and Compagnie Financiere Richemont SA and Chairman of corporate finance in Asia for Macquarie Bank Peter Rigg
Qualified solicitor and Chairman of the Board of Polarcus Ltd, a marine seismic survey company
21 years experience in Investment Banking working for Credit Suisse First Boston
Non-executive Director of Schroder’s Oriental Income Fund Truly exceptional
Advisory Board comprising some of the most successful and prominent individuals in business and world affairs
Provides strategic
guidance on SWE direction and future evolution
All are shareholders in
SWE
Members of the
Advisory Board stay in close communication with Chairman and CEO
8
SLIDE 10
9
Ethiopia Country Overview and Investment Climate
GDP: US$103 billion (2012 est.) Annual Growth: 7% (2012 est.) Population: 93.8 million (July 2013 est.) Government : Federal Republic, stable Inflation: 21% (2012 est.) Major Industries: Coffee and agricultural exports,
textile, leather and cattle, gold
Major Trading Partners: Saudi Arabia, China,
USA, Germany, Belgium, Italy
Existing Presence: Tullow Oil, Africa Oil,
SABMiller, P&G, Samsung
Encouraging foreign investment trend Oil readily monetisable: viable local market
potential and coastal access for exports
Clear desire from the Ethiopian Government
to have a local refinery
____________________ Source: CIA World Factbook, Company Sources.
SLIDE 11