Investor Presentaiton

EVOLUTION LONG TERM Goals Geography Growth 9queiroz galvão EXPLORAÇÃO E PRODUÇÃO Consolidate Invest in new blocks to ensure sustainability 10+ years Top Brazilian player Brazil (producing and frontier basins: Santos, Espírito Santo, Foz de Amazonas, Pará-Maranhão) Develop risked portfolio Acquisition via ANP auctions/ exploratory blocks Robust partners with strategic fit (deep water, other markets) Partnerships Financing Cashflow from Atlanta and Carcará; Debt; Selective farm-outs INVESTOR PRESENTATION P. 27

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