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PRL 28 Summary . • EAGLEWOOD ENERGY INC. Located in Papuan Basin Foreland, originally part of PPL 259 Ubuntu-1 gas and condensate discovery drilled Q1, 2011 3 discoveries, 2 successful appraisal wells in close proximity PRL 28 awarded December 2011 for a five year term PPL 269 New Guinea Energy JV Participation % Siphon 1, Stanley Juha 3 Juha Stanley PPL 259b Horizon PRL 4 PRL 5 Horizon Eaglewood (Operator) 40% Eaglewood Energy Kiunga PRL 28 Drimdenasuk Ketu 13km Ubuntu Eaglewood Energy Talisman 30% 42km 7km 5.1km Ubuntu Kiunga Tevala 1 Hevala Mitsubishi 20% 220km Mega 10% PPL 259a 13

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