Investor Presentaiton

Open Acreage Licensing 1 Flexibility for Investors to carve out blocks of their choice through a minimum [10'x10'] grid 2 Easy Access to existing G&G data through NDR 3 ■ 4 Flexibility to choose contracts - Petroleum Operations Contract (POC) Reconnaissance Contract (RC) Incentives to Early Bidders - Originator incentive, Migration incentive from RC to POC 5 Six months periodicity of bid rounds

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