Investor Presentaiton

ANOH SALES STRATEGY DELIVERS MULTIPLE PRODUCTS Selling to creditworthy off-takers, often in long-term contracts SALES GAS CONDENSATE LPG Proposed off-taker(s) Volumes Price Remarks > 245mmscfd of dry gas will be produced as sales gas > At present 90MMscfd of gas has been contracted, 70MMscfd will be sold under the Domestic Supply Obligation DSO NGC Pending contract Creditworthy off-takers 70MMscfd 90MMscfd 85MMscfd US$2.5/Mscf US$3.0/Mscf Already contracted US$3.0 $3.50/Mscf Gas Sales Agreement to be finalised › Condensate produced from AGPC midstream operations is to be and sold in the international market at the relevant crude reference price (Bonny grade) to reputable off-takers. The revenue will be received in US$. Creditworthy off-taker c. 20 kbbld declining Prevailing Brent price gradually after 2029 Crude Handling Agreement pending imminent execution > The AGPC facility is attracting significant interest from wholesale LPG suppliers due to its prime location. The locational advantage of being at the epicentre of natural gas production and distribution infrastructure make it attractive for LPG sellers looking for reliable supply at competitive cost. The LPG will be priced in US$ and paid in Naira, ranging between US$0.70-US$1.00/litre. AGPC is currently in discussions with various companies to off-take the LPG and will ensure that the LPG off-take is competitively tendered so that only technically competent customers are selected. Creditworthy off-taker c. 1.23 kbbld c. US$0.35/Litre LPG sales agreement to be finalised 35 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATION

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