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Investor Presentaiton

PPL 260 Highlands Oil Search: Esso: Nippon Oil: EWD: 50% Operator 20% (30%)* Telefomin 20% 10% (0%)* RL 3 * Esso has exercised their option to buy EWD's remaining 10% for $3.5mm subject to Government approval PACIFIC OCEAN INDONESIA PPL 259 PPL 258 PPL 260 PAPUA NEW GUINEA BISMARCK SEA PPL 257 GULF OF PAPUA Port Moresby CORAL SEA AUSTRALIA 刊 Phyang APPL 294 Tum Kopiago PPL 260b Englewood Energy Muerto EAGLEWOOD ENERGY INC. Korka-1 SVL4 SMLS Porgera PPL 260a Eaglewood Energy Koroba PPL 259 www "New Guines Energy Juha + Lavand EST Power Line FOL Tan Hides Hides GTE Plant PRL 5 Horizon PRL 2 Ebarch PRL 28 O Search Kelu Kauf 13477 Wendy Fagwood Energy PRL 12 Oil Search Angole Santhipparses) Cils + 52ke PPL 236 Ligrala PPL 259a Englewood Energy SE Mananda SOUTHERN HIGHLANDS Mendi New Moran PFL 231 AU Search PPL 215 Hedinia gogo araga L * 10
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