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 production business. Whilst SouthWest Energy believes the expectations reflected herein to be reasonable in light of the information available to them at this time, the actual outcome may be materially different owing to factors beyond the Company’s control or within the Company’s control where, for example, the company decides on a change of plan or strategy. The Company undertakes no obligation to revise any such forward-looking statements to reflect any changes in the Company’s expectations or any change in circumstances, events or the Company’s plans and strategy. Accordingly no reliance may be placed on the figures contained in such forward looking statements . 1
Introduction to SouthWest Energy - Ethiopia Founded in 2005 as the first Ethiopian-owned oil and gas exploration company The only indigenous company to successfully obtain 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 2
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 km 2 (29,000 km 2 in the Jijiga Basin and ~17,000 km 2 in the Gambella) Signed a Joint Study Area (“JSA”) covering Jijiga 63,000 km 2 in the Jimma area, which is believed Blocks Gambella to be rich in oil shale Block Aims to become the first African indigenous company to open a basin in its own country Jimma Independent third party study (by Senergy) shows JSA more than a billion barrels of hydrocarbon potential Plans to complete 3-well drilling program during the course of 2013 and 2014 3
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 4
Seismic Exploration Camps in Jijiga Blocks Main Seismic Camp in Kebri Beyah Seismic Fly Camp in Heglile 5
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. 6
Highly Experienced Board of Directors 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 Miles Morland James De V. B Guiang Robert M. Atwater Andrew James Morris Chairman of BlakeneyManagement Geophysicist with more than 30 years of Senior executive in the biotech sector Chairman of Blake Oil and Gas Ltd, and DPI; two investment management experience in the oil industry with Guernsey, a privately owned oil and gas Co-founder of Thalassa Capital firms specialising in emerging world with Exxon, Amerada Hess and Conoco, company operating in the Republic of Management, a biopharma investment an emphasis on Africa with proven track record in finding oil & Georgia fund gas Currently Director of SAB Miller and a Previously, 15 years experience in Chairman and CEO of CyprotexPlc for number of companies active in the Currently Special Advisor to the Board five years Financial Services, including Director of developing world FS Risk Management at Ernst & Young of Saudi Crown Investment and He was founder and is former chair of Chairman of LJ Capital Terranova the London Business School’s Africa Managing Director for Natural Board Resources at Millennium Global Investments between 2006 and 2011 Strong board, focused on governance, and comprising leading international investors and energy industry figures, all of whom have invested in SWE. 7
High Caliber Advisory Board Former Chairman of Xstrata Vodafone Group plc Chairman (2006-2011) Sir John Bond Truly exceptional HSBC Group Chairman (1998-2006) Advisory Board HSBC Group Chief Executive (1993-1998) comprising some of the Chairman of FTI Global Affairs most successful and Lord Former Chief Advisor to the World Economic Forum and United Kingdom former Africa prominent individuals in Malloch-Brown minister (2007-2009) business and world Deputy Secretary – General (2006); UNDP Chief (1999-2005) affairs Chairman of Patagonia Gold Plc Provides strategic Seven years as Member of the Board of Managing Directors of Deutsche Bank AG Sir John Craven guidance on SWE Former Chairman of Morgan Grenfell direction and future Former Chairman of Lonmin Plc evolution Chairman of Oracle Advisory Ltd, engaged in fund and private equity investments Svante Pahlson 11 years experience in Corporate Finance as Executive Director working for Blyth All are shareholders in Moller Eastman Dillon SWE Former Chairman of Glencore Members of the 6 years as Executive Chairman of Asia Pacific Deutsche Bank AG (1993-1998) Advisory Board stay in Simon Murray 14 years with Jardine Matheson Group, running their engineering trading operations close communication Director of Cheung Kong Holdings and Compagnie Financiere Richemont SA and with Chairman and CEO Chairman of corporate finance in Asia for Macquarie Bank Qualified solicitor and Chairman of the Board of Polarcus Ltd, a marine seismic survey company Peter Rigg 21 years experience in Investment Banking working for Credit Suisse First Boston Non-executive Director of Schroder’s Oriental Income Fund 8
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. 9
P.O.Box 5779 Addis Ababa, Ethiopia Office Tel: +251-113-489-606 Fax: +251-113-489-807 www.sw-oil-gas.com
Recommend
More recommend
