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Pre-Eminent Regional Independent – Vast

Opportunities to Replicate Success

Strong Regional

Relationships and

Track Record

Established regional network and relationships with key decision makers, enabling access to new

opportunities and supporting current operations

Management team well known in the regional oil & gas sector and with a solid track record of

reserves, resources and production growth delivery

Untapped

Resources Potential

in the Region

Material and low risk exploration and appraisal upside within existing portfolio, with additional

seismic and drilling activities in Block 9 to be conducted in 2016

Strategic focus on one of the most prolific and cost effective hydrocarbon regions globally and ideally

positioned to secure future potential opportunities (e.g. in Iran, subject to sanctions being lifted, and

Kuwait)

Solid Financial

Position

Existing production as well as project start-ups provide stable cash flows and mitigates financing risk

Material existing cash position and additional debt headroom underpins planned near and mid-term

developments

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