Enhancing Production and Offtake Arrangements

Kharsang: Phase I Development Plan 650 boepd 30% Current Oil Production Direct + Indirect Pl 18 Number of Wells to be drilled Field Overview • . • • • The Kharsang oil field is located in the state of Arunachal Pradesh and 60 kms away from Dirok Post drilling of 18 wells, production expected to increase to 1800 boepd HOEC acquired entire share capital of M/s Geopetrol International Inc in 2018 which has 30% stake - Direct and Indirect in Kharsang Oil field RFDP & PSC extension reviewed and recommended by Management Committee Forest Clearance is obtained. Mining lease approval is obtained and PSC extension is awaited Proposed drilling campaign will include appraisal of deeper prospects H❤EC 14

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