E&P Program and Financial Strategy

Current Financial Status Balance Sheet Strong positive cash position NOVATEK Reconfirmed access to available credit lines Debt ratios - among the lowest in industry peer group - Limited bad debt exposure – Prepayments and Offtaker bank guarantees Currency exposure partially mitigated by USD denominated revenue from liquids sales Outstanding Operating Leverage Limited downside price risk for majority of revenue stream Low cost producer Expected savings in Opex and Capex due to price deflation and field optimization 20 20

View entire presentation