Investor Presentaiton

- PPL 259 the heart of the developing Forelands gas play EWD (operator): Horizon Oil: Mega: * 65% (40%)* 25% 10% (35%) subject to confirmation of financing and Government approval EWD has announced two farmouts of 25% each with Horizon and Mega . In addition to paying their 25% interest, each pays $2.5mm for sunk costs, $1.375mm of EWD seismic expenses and $5mm of EWD drilling expenses INDONESIA PPL 259 EAGLEWOOD ENERGY INC. PACIFIC OCEAN PPL 258 BISMARCK SEA PPL 260 PAPUA NEW GUINEA AUSTRALIA PPL 257 GULF OF PAPUA Port Moresby CORAL SEA Eaglewood's 2012 seismic and drilling program is fully funded 11

View entire presentation