Investor Presentaiton

Possible PNG LNG access . Exxon and Oilsearch are currently drilling P'nyang South appraisal well in PRL 03 Large enough to justify a pipeline to the PNG LNG project for the third LNG train Very straightforward to build a short connecting line from PRL 28 and PPL 259. WEST PAPUA Tedi Sawmill Flats Ningerum Proposed location of condensate production facility Stanley-1 Stanley-2 Stanley 4 Hawenai Siphon-1 STANLEY Tope Bridge PRL3 Pnyang 2 p'nyang 1 Priyang 2/ST3 P'nyang 2/ST1 P'NYANG Phyang 2/ST2 PPL 259b PRL4 Proposed Kiunga-1X pipeline route Elewala | Kiunga, Proposed location of condensate storage facility Drimdenasuk Proposed location of condensate load out facility Fly River 40km River PRL21 EAGLEWOOD ENERGY INC. Possible P'Nyang to Juha Gas Condensate pipeline PPL269 PAPUA NEW GUINEA Ketu-1 Tingu KETU Ke-2 Proposed) Ubuntu-1 Elevala PRL28 UBUNTU Flevala-1 ELEVALA 50km Wewak MAP AREA oll pipelvis PAPUA NEW GUINEA Madang Daru Port Moresby 500km JUHA PRL2 Juha 3 Baia PPL239 Juha 2 Juha 1 Honinabi PPL239 Nomad Proposed road upgrade PPL259a Debepare PPL268 LEGEND Gas/Condensate Field Prospect Lead Petroleum Retention Licence Licence Boundary Oil and Gas Discovery Oil and Gas Shows Roads/tracks Township + Airfields 20km Strickland River + Waro 22 222

View entire presentation