Investor Presentaiton

PNG Discovery History PPL258 P'NYANG 2-3 TCF JUHA 2.7 TCF STANLEY ab 0.5 TCF PPL260a ELEVALAI KETU 1 TCF UBUNTU 0.1 TCFE PUK PUK/DOUGLAS 0.8 TCF ° ७ HIDES 6.7 TCF ANGORE 1.2 TCF -MORAN 44 MMBBL SEG 35 MMBBL KIMU 0.7 TCF AGOGO 75 MMBBL KUTUBU 227 MMBBL _GOBE 80 MMBBL ELK/ANTELOPE 9.1 TCF G PANDORA ~1 TCF EAGLEWOOD ENERGY INC. Source: Oil Search; PNG Dept. of Petroleum and Energy; Morgan Stanley 0 200km 8

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