Investor Presentaiton

Investment Multiple under PSC HJEC Block AAP-ON-94/1 PY-1* PY-3* North Balol Kharsang* CB-ON-7 Asjol* Gas 10% 10% 10% 10% Royalty Oil/Cond 20% 10% 20% 20% 20% Cess Oil/Cond 20% 20% 20% 0% 20% 20% 20% Cost Recovery 80% 100% 100% 80% 100% 60% 100% Limit Investment Multiple (Govt. Share Percentages) <1 0% 10% 20% 20% 15% 0% 10% 1<1.5 10% 15% 20% 20% 15% 25% 20% 1.5<2 25% 15% 35% 30% 20% 30% 30% 2<2.5 35% 60% 50% 50% 25% 35% 40% 2.5<3 45% 60% 60% 50% 30% 40% 50% 3<3.5 50% 60% 70% 50% 35% 45% 60% >3.5 50% 60% 80% 50% 40% 50% 60% - Rates applicable from date of PSC extension listed as per PSC extension policy ** - All JV Partners to share Cess and Royalty in proportion to their Participating Interest 24

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