Investor Presentaiton

Gas Flaring Offshore Newfoundland and Labrador Gas Flaring Approval is issued for six month period (1 year later) Prior to issuing an approval Examination of performance and meet with operators to discuss opportunities to reduce gas flaring If Gas compression is down for a period of time, the operator is expected to reduce oil production ➤Each operator has put in place a gas flaring management system and is considered by operational personal ➤ As production from the field increases, Gas flaring has not increased the Board seeks further reduction

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