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Major Overseas Projects (Contd...) Myanmar Block YEB and Block M-4 Awarded in 2013 offshore licensing round by Republic of Union of Myanmar ◆ Production Sharing Contracts signed in December 2014 ◆ Shallow Offshore - Maximum WD: 600 ft ◆ Familiar geology Inherent benefits attached to exploration assets High risk high reward Current Status EIA/ SIA studies in progress prior to entry into assessment phase Area M4 (10,421 Sq. Km), YEB (21,380 Sq. Km) Resource Base M4 Gas • YEB : Oil Consortium Partners OIL 60% Mercator Ltd. 25% Oilmax Energy Pvt. Ltd. Oil star 10% 5% 20 20 Exploring neighbours: a strategic move arta sfear frifunes Oil India Limited

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