Gas Master Plan

2 Project Deal Structure Make up OB/OB Pipeline Calabar CPF Calabar North Pipeline OB/OB CPF valiuo OGP x% OGP x% OB/OB Limited Model NGC y% BOT NGC OC z% y% Mobil? Addax? Moni Pulo? Multi-Party JV Calabar CPF NEWCO OGP x% OGP x% Multi-party Investors NGC z% y% Multi-Party JV N-South NEWCO NGC OC Total? z% y% Multi-Party JV OB/OB CPF NEWCO 15

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