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Investor Presentaiton

Kina PETROLEUM LIMITED Why PNG? World class oil and gas opportunities and potential Even with the recent decline in oil prices, PNG remains a sound investment. PNG is characterised by: • Proven pathways to development: • • • • • ➤ Exxon Mobil operates the recently completed $19bn PNG LNG project - a world class development and operation. ➤ Total recently appointed operator of PRL 15 and expected Elk/Antelope development. Low cost of labour - significantly lower than Australia and some other regional neighbours. Experienced workforce – Upstream Oil and Gas is an established industry. - Low transport costs - PNG is close to key Asian markets. Transparent Fiscal Regime - Tax and Royalty system. Government policies conducive to activity - operational aspects of industry as well as fiscal regime. Significant remaining exploration upside - close to recent discoveries and also in greenfield areas. Slide 3
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