2012 Investor Forum

2012 Investor Forum Transatlantic nature of Jubilee play proven EQUATORIAL ATLANTIC PLAY FAIRWAY Sierra Leone Guinea SL-07B-11 LB 17,16 & 15 Venus B, Mercury & Jupiter Discovered 2009, 2010 & 2012 GEORGETOWN BLOCK BLOCK 47 GUYANE MARITIME 2 CORONIE Zaedyus Discovered 2011 Guyana 5 Suriname French Guiana Côte d'Ivoire Liberia CI-26 Espoir CI-105 Jubilee/T.E.N. TULLOW Unt Current & Upcoming Wells Paon - 1 Jaguar - 1 Teak-4 Enyenra - 4A, Wawa - 1, Okure 1 & Sepele - 1 6 Zaedyus-2 Mahogany/ Akasa/Teak Discovered 2009 & 2011 1 Ghana CI-103 3 Discovered 2007, 2009, 2010 & 2011 • Success in West Africa leads to testing of Jubilee play across the Atlantic Zaedyus-1 makes significant discovery in French Guiana proving the Atlantic twin basin theory Exploration campaigns now targeting prospects in French Guiana, Suriname and Guyana • Zaedyus follow-up drilling to commence mid year Slide 16

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