Pillar 1

Pillar 1: Excellence in base asset delivery

Asset performance to date

A track record of strong returns from development

DOFP
COMMODITY WEIGHT
NET CAPEX REQUIRED
NET IP (BOEPD/MMCFD)
NET 2P RESERVES
ALL IN F&D

SM 71

CY2018
86% Oil
US$27.6M
1800 BOEPD
3.3 MMBOE
US$11.30/BOE

LIGHTNING

CY2019
85% Gas/Cond.
US$19.4M
8 MMCFED
26.1 BCFE
US$1.04/MCFE

GC-21

CY2020
90% Oil
US$39.2M
600 BOEPD
1.1 MMBOE
US$35.79/BOE

Historical costs/prices to December 2020 and US$50/Bbl oil and US$2.50/mcf gas prices forward.

Reserves and economic data on 2P basis.

IRR %
ROI
PV (15)
Payout
Gross/Net MMBOE

GROUP

SUCCESS CASE FULL CYCLE
99 39
2.1 1.8
US$64.6M US$38.7M
3.9 yrs 4.9 yrs
31.7/8.8 31.7/8.8
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