Westbridge Energy acquired an oil and gas exploration block in offshore Namibia. The block is located in a basin with similar geology to productive areas in Angola and Brazil. Westbridge plans to acquire seismic data and drill an exploratory well on the block in the next two years. The company has an experienced management team with a track record in Africa and plans to pursue additional assets and partnerships.
2. 2
Forward Looking Statements
This presentation contains forward-looking statements and factual information that are current
as of the date the presentation was originally delivered. When used in this presentation, words
such as “may”, “would”, “could”, “will”, “expect”, “anticipate”, “estimate”, “believe”,
“contemplate”, “intend”, “budget” “plan” and other similar expressions are intended to identify
forward-looking statements. Forward-looking statements include, but are not limited to,
statements with respect to the timing and amount of estimated future exploration, success of
exploration activities, expenditures, permitting, and requirements for additional capital and
access to data. Forward-looking statements involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, performance or achievements of Westbridge
Energy Inc. (the “Company”) to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such factors include,
among others, risks related to actual results of current exploration activities; changes in project
parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or
dispose of properties; future prices of oil and gas; fluctuations in currency markets; operating or
technical difficulties in relation to the speculative nature of oil exploration; accidents, employee
relations (including labour disputes) and other risks of the resource industry; ability to obtain
financing; changes in costs and estimates associated with the Company’s projects; legislative,
political or economic developments in the jurisdictions in which the Company carries on
business; requirements for additional capital; and regulatory restrictions including delays in
obtaining governmental approvals. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results not to be as anticipated,
estimated or expected. The Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events or
otherwise except as required by applicable law.
3. 3
The Next Frontier
BRIDGING
+13 BILLION BARRELS*
OF OIL RESERVES FROM BRAZIL TO
NAMIBIA, WEST AFRICA
*OPEC, 2011
4. 4
Why Westbridge?
! The Next Oil Frontier
! Regional Catalysts
! Majors Present
! Under-explored Assets
! Proven Management
! Attractive Capital Structure
Picture: Oil Platform Offshore Angola
5. 5
Country Details - Namibia
Stable democracy
Angola
Resource economy
Low corruption
Namibia
BBB Risk Rating Windhoek
Walvis Bay Botswana
2.1 million people
GDP US$13.6 (2008)
Luderitz
South Africa
5% royalty + 30% tax
7. 7
Regional Activity
Energulf Resources Block 1711A/B
2.75BBL best estimate
Drilling planned end of 2012
Chariot Oil & Gas Block 1811A
Tapir prospect, drilled 2012
Directly north of WEB
Tower/ Arcadia Block 2011A
Drilling Delta prospect, Second Half 2012
HRT Blocks
Four wells planned, 2012
Chariot/Petrobras Block 2412A, 2312A/B
Four-five wells planned, 2012-2013
Chariot Oil & Gas / Petrobras / BP Block 2714A
Drilling Nimrod prospect, Second Half 2012
Kudu Gas Field
1.3 TCF Proven Gas Reserves
Plans for commercialization
8. 8
Block 1811B
Acquisition completed July 3, 2012 WESTBRIDGE
Namibe Basin, Northern Namibia
1,446,555 acres
Directly on seismic trend
Age equivalent to sub-salt
discoveries in Kwanza basin,
offshore Angola
80% Working Interest
Source: NAMCOR, Aeromag Survey offshore Namibia
11. 11
Stratigraphic Chart
LEGEND
Petroleum Geology Tectonic Events
gas shows (RSA Orange Basin) rift faulting
Kudu with liquid component exensional faulting
oil show/recovery (AJ-1, RSA) gravity faulting
Source Rock Interval
12. 12
Source Rock
Turonian -
Cenomanian shales
probable source rock
Organic-rich oil
shales encountered
in DSDP well 530, DSDP well 530
Walvis Ridge
Maturity and
stratigraphy
analogous to West
African basins
(Kwanza and Congo
Basins in Angola &
Orange Basin in RSA)
13. 13
Seismic Data Accumulation
20 new 2D lines shot
• Red lines on map
• Currently processing
• New data available
later this year
11 historic 2D lines shot
Block 1811B
• Black lines on map
• Being reinterpreted
• Reinterpretation
available later this
year
14. 14
Work Program
• Acquire, review,
reprocess and 2013 • Acquire, Process
interpretation all & Interpret 2,000
available km2 of 3D seismic
geological and surveys
• Acquire, Process
geophysical data • Drill first well
& Interpret 500 km
of 2-D seismic
survey
• Open data to
2012 source farm-in 2014-2015
partner
* Minimum USD $5MM
spend over 4 year period
15. 15
Brazilian and Angolan Analogs
Oil shows in all wells drilled
offshore Namibia Africa
Identical age and rock type
to offshore Angola
South America
Brazilian Reserves: 13 BLN Angola
Angolan Reserves: 15 BLN Namibia
*OPEC, 2011
16. 16
Angolan Analog
Girassol Oil Field in the Gulf of Guinea
• Discovered in 1996
Cobalt Discovery
• 4,600 ft of water depth
• 2003 peek production at 240,000 boepd
• Since Girassol +70 oil fields discovered
• 3 Super Majors present
Angola
Cobalt International Discovery (AMEX: CIE)
• Pre-salt discovery released Feb 9, 2012
• 1,180 ft gross oil column (885 ft net pay) Namibia
• Drill Stem Test flowed 7,400 boepd (5010
bpd oil and 14.3 mcfpd gas)
• 44 degree API crude
• Well cost of USD $36.3 million
• ~ $9 to $35 share price on
announcement of discovery
17. 17
Brazilian Analog
Tupi Oil Field in the Santos Basin
• Discovered in 2006
• Estimated to contain 5 billion Brazil
barrels recoverable oil
• 30 degree API crude
• 6,600 ft of water depth
• First production in May 2009 Tupi Jupiter
Jupiter Field in the Santos Basin
• Discovered in January 2008
• Huge gas and condensate field
• Could equal size of Tupi Field
• 23 miles east of Tupi
18. 18
Upcoming Catalysts
! 8-12 wells drilled in the next year: 1) Q3 & Q4 2012 – 4-6 Offshore
Wells planned (Chariot/BP/Petrobras, Energulf, Tower/Arcadia,
Chariot/Petrobras); and 2) Q1 & Q2 2013 – 4-6 wells planned
(Chariot/Petrobras, HRT)
! Acquisition of additional assets, farm outs and joint ventures
! Acquisition of 2D and 3D seismic
! Regional drilling and discoveries (Namibia, Angola, Brazil &
Falkland Islands)
! Additions to management, board and technical team
! Namibia International Oil & Gas Conference hosted by BP, 6-7
September, 2012 in Windhoek
19. 19
Government Partner - NAMCOR
National Petroleum Corporation of Namibia
Namibian Government 100% Shareholder
Promote hydrocarbon potential of Namibia
Namibian participation in discoveries
Advisor to Ministry of Mines and Energy
20. 20
Management Team / Advisors
Cody Lee, President & CEO
Nationally recognized expert in the oil and gas industry.
President of Albuquerque Petroleum Association. Listed as
Oil'and'Gas'
a 40 Under Forty honoree by the New Mexico Business Weekly.
Tosan Omatsola, Advisor Management'
Mr. Tosan Omatsola is an exploration and development
Geoscientist with over 15 years’ experience in the oil and gas
industry. He has a broad and extensive international technical
background from his experiences with British Petroleum – BP, Engineering'
Texaco and United Oil and Gas.
Bradley Knickel, Advisor
+31 years experience engineering, finance, acquisitions, Finance'
and international prospect development in oil and gas.
Business'
Development'
21. 21
Board of Directors
Mark Frewin, Chariman
Partner at McCarthy Tétrault in London.
Practice focused on energy and mining with extensive
experience working in Africa. Previously Independent Director
of UNX Energy. Lead counsel to Heritage Oil and Gas. Oil'&'Gas'
Peter Henry, Independent Director
+11 years experience in the investment and energy businesses
with FirstEnergy Capital and Canaccord Capital. Currently, he is a
consultant to public and private oil and gas companies and a Experienced'
director of Shoreline Energy.
Paul Larkin, Independent Director
+37 years of experience in corporate finance and capital
markets. CEO and President of Tyner Resources Ltd., and a
director and audit committee member of LNG Energy Ltd., Independent'
U.S. Geothermal Inc. and Condor Resources Inc
Kevin Everingham, Advisor
Previously Managing Director in BMO Capital Markets’
Global Energy Group . Lead banker on UNX/HRT transaction.
Graduate of Harvard Business School.
18
23. 23
Investment Summary
• “Tailwind” of Namibia Energy Success
• Westbridge Energy
– Pedigree in energy
– Properly structured
• Management
– Value Creators
– Operational deal makers
• Capital Availability
– Tested model
– Successful track record
– Area of Interest
24. 24
Contact Information
Corporate Office:
Suite 530-625 Howe Street
Vancouver, British Columbia
Canada V6C 2T6
www.westbridgeweb.com
Investor Contact:
Cody Lee, President
+1 (505) 850 2930