Enhancing Production and Offtake Arrangements

Competitive Advantages H❤EC Uniquely placed with a strong organization and a quality asset portfolio. HOEC will take advantage of its position to deliver superior returns and value to all stakeholders, through a 5-pronged strategy Focus on Delivered Resources Light Asset Model Low cost operating model Growing responsibly Growth strategy Focus on discovered oil and gas resources to reduce the risk involved in exploration Fast track execution to bring resources to monetization at the earliest Follow light-asset model in an otherwise capital-intensive industry Focus on our core operations (Drilling for Oil/Gas) and outsource other associated tasks to expert partners Follow a low-cost operating model Self-funding company with sustainable cash flows from its key producing assets Create long-term stakeholder value while ensuring that we 'Grow Responsibly' Continue to build its portfolio with a focus on respect and care for individuals, the community and the environment Focus on the North-East region while also focusing on its offshore resource base Take advantage of existing infrastructure, and add attractive assets with synergies to its current asset portfolio 6

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