Investor Presentaiton

Talisman Mitsubishi JV 141°E PRL 28 E $280mm value Mitsubishi has farmed into 9 TLM licenses, including EWD-operated PRL28 The other licences involved surround EWD acreage The deal adds capital and LNG expertise to TLM'S monetisation plans for the area Eaglewood PNG commercial map_Mar2012 WEST PAPUA PPL 259 PPL 269 PRL 4 PPL 259 PPL 268 50km PRL 21 Strickland PPL 261 PPL 239 PPL 235 WESTERN EAGLEWOOD ENERGY INC. 143°E EAGLEWOOD ENERGY INC Key PNG TENL-Mitsubishi JV | Eaglewood Energy PAPUA NEW GUINEA 6°S PRL 8 21

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