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Investor Presentaiton

PRL 28 Activity Schedule 2011 Q4 EAGLEWOOD ENERGY INC. Q1 Ubuntu G & G Studies Feb 2011 to Q4 2011 2012 2013 Q2 Q3 Q4 Q1 Ubuntu Appraisal Seismic Complete Dec 2011 PRL 21 Seismic eastern extent of the Ketu field evaluated, possible encroachment into PRL 28 PRL 21 Elevala-2 Appraisal Well obtain regional acquifer data, test fill-to-spill concepts PRL 21 Ketu-2 Appraisal Well test oil leg and fill-to-spill concepts Recertification of PRL 28 Resources include Ubuntu field & poss Ketu field encroachment Ubuntu Appraisal EWT contingent on Ubuntu seismic, PRL 21 results & road build Elevala and/or Ketu Field Development Planning contingent PRL 21 results PRL 21 Firm Elevala and/or Ketu Petroleum Development Licence - Government Submission Deadline As per licence documentation PRL 28 JV Firm Contingent 16
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