History and Future Strategy of Oando

OER & OEPL Asset Overview 12 13 Oando NIGERIA OML 125 Asset W.I. Operator OPL 321 & 323 OML 90 - Akepo Field OML 62 OML 56 Ebendo Field OML 60 OML 60 20% AGIP OML 61 20% AGIP OML 62 20% AGIP CAMEROON OML 134 OML 61 OPL 236 OML 63 20% AGIP OML 63 OML 125 15% ENI OPL 282 OML 122 Bilabri Field OPL 278 OML 13 - Qua Ibo Field OML 56 42.75% Energia OML 13* 40% Network E&P OML 145 Asset W.I. Operator OML 131 OML 134 15% ENI EQUATORIAL GUINEA OML 90* 40% Sogenal OML 131 100% OER OML 122* 5% Oil, 12% Gas Peak SAO TOME & PRINCIPE - NIGERIA JOINT DEVELOPMENT ZONE EEZ Block 5 OML 145 20% ExxonMobil Production Phase Development Phase Exploration Phase SAO TOME & PRINCIPE EEZ Block 12 Asset W.I. Operator EEZ 5 100% OER EEZ 12 N/A TBD OPL 321& 323 30% KNOC GABON OPL 236 95.0% OEPL OPL 278 60% OEPL OPL 282 4% Alliance Oil *OER is Technical Partner

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