Investor Presentaiton

18000 16000 Power Generation (IV (MW) 14000 12000 10000 8000 6000 4000 2000 OVERVIEW OF DEMAND AND SUPPLY The Power Sector Demand Forecast Power Generation and Required Gas Demand (2007 - 2015) 6000 35 5000 4000 3000 0 888888888888888888 88888888878888888 2007 2008 2009 2010 2011 YEAR 2012 2013 2014 2015 PHCN NIPP JV PRIVATE PP -GAS REQUIRED Required (MMScfd) Tc1 8 25 8 15 2000 10 1000 5 O Domestic Gas Reserves Requirement in Tcf (2007-2026) Power Fertilizer Methanol GTL Cement Existing CNG & Industries ALSCON Power sector demand growth is most aggressive. Over 20 plants are under construction or evaluation with potential to generate 16GW by 2010. The gas reserves requirement of this sector is also most significant relative to other sectors. The disproportionate demand has a significant impact on the overall commerciality of supply - as the price of gas to power significantly impacts on the total revenue of the gas suppliers

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