Empire Energy Investment Opportunity

USA Reserves and Resources As at December 31, 2018 EMPIRE energy Reserves (NYMEX STRIP - DEC 31, 2018) Oil (Mbbls) Gas (MMcf) MBoe Capex US$M PVO US$M PV10 US$M Region (Reserves) - USA Proved Developed Producing Proved Developed Non-producing Proved Behind Pipe Proved Undeveloped Total 1P Probable Total 2P Possible Total 3P US Reserves certified by Graves & Co Consulting 2,561 60,745 12,685 29 97,645 34,337 779 779 1,403 14,145 7,340 483 483 583 13,617 5,054 1,402 5,217 2272 14,806 31,603 8,172 5,225 65,962 16,219 16,821 157,010 54,903 407 8,213 1,776 8,977 23,930 3,986 5,632 74,175 17,995 25,798 180,940 58,889 2,068 5,447 2,976 24,590 63,185 11,967 7,700 79,622 20,970 50,388 244,125 70,856 22 22

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