Investor Presentaiton

PNG Business Environment BRUNEL INDONESIA 135 120 PHILIPPINES Pacific Ocean TIMOR-LESTE AUSTRALIA JPDA 1.000 + TIMOR-LESTE AUSTRALIA Southern Ocean PAPUA NEW GUINEA ме EAGLEWOOD ENERGY INC. Proven, prolific hydrocarbon province Under-explored Significant international LNG interest Close to SE Asian markets - Commonwealth country - - Parliamentary democracy English language and English common law - - Excellent and stable fiscal terms 2% Government royalty PNG government has 22.5% back-in right upon equalization of sunk costs Income tax 30% Tasman Sea NEW ZEALAND - 9

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