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Investor Presentaiton

D&M Projected Daily Average Oil Production Estimated Daily Production (Existing 2P Reserves) BOPD(1) 60,000 50,000 40,000 30,000 20,000 10,000 Export 42% API 35° - 38° Export 35-100% API-40° URALS ENERGY 2011 • Peak production = 3.9x 2006 production • 89% export ⚫72% direct to Asia Export 100% API 48° 50° Refining Cover 90% (2) Export 97% API 36° Refining Cover 100% (3) Export 42% API 26°-43° 0 Export 42% API 28°-35° 2006 2007 2008 2009 CNGDU CNPSEI 2010 ■Petrosakh 2011 2012 2013 2014 2015 2016 Arcticneft Dinyu Dulisma Notes 125 1. 2. Average daily production from proved probable reserves for each year as estimated by DeGolyer & MacNaughton reports as at 31 December 2005 except for Dulisma as at 31 March 2006, excludes Voivozh Current refining capacity of Arcticneft is 1,200 BOPD 3. Current refining capacity of Petrosakh is 4,100 BOPD, upgradeable to 8,200 BOPD at limited cost Page 13 Since IPO Pre- IPO
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