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Investor Presentaiton

30km Kina PETROLEUM LIMITED Sogerum Prospect Raintree -1 Banam Prospect PPL 337 FOCUS AREA Papua New Guinea Ramu Nickel Mine PPL 337 - exploration drilling has commenced KINA-90% Heritage-10% 2 wells to be drilled which may be followed by appraisal seismic Kwila -1 access roads Yandera Mine & Plant PPL 337 30% Madang * Across multiple targets in the licence. Further evaluation is required to determine the existence of hydrocarbons, with recovery dependent on potential future development. - • Covers 5500 km² (1.36M acres) in Ramu Sub Basin. • Numerous gas seeps confirm active biogenic gas generation. Heritage to earn 70% by carrying Kina through 2 wells. Kwila & Raintree back to back wells. Raintree-1 spudded 30th April 2015. Intersected good gas shows in Plio- Pleistocene Sandstones. Kwila -1 expected to spud in June 2015, targeting Plio-Pleistocene sandstones. • Expressions of interest in gas from nearby mines; demand about 20mmscf/d. Target sizes* are sufficient to support large scale independent development. Access by road from Madang. • Deep water ports suitable for LNG within 90km of prospects. Slide 11
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