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Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue.

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Presentation on theme: "Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue."— Presentation transcript:

1 Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue

2 Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue Qualifying Acquisition High Impact Advanced Exploration to Build Value RISK PROFILE TIME IPO - SPAC High Low July 2011 Oct 2011 April 2012 Q2 / 2013 Development Assets Proven Resources to Build Balance Sheet Resilience and Mitigate Risk Production Assets Cashflow for Profitability and Sustainability Plan for Success Strategy for Exploration Assets Portfolio balancing will be the next thrust Lime Transaction 3D Oil Transaction Strategy

3 Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue RISK PROFILE TIME IPO - SPAC High Low July 2011 Oct 2011 April 2012 Q2 / 2013 Development Assets Proven Resources to Build Balance Sheet Resilience and Mitigate Risk Production Assets Cashflow for Profitability and Sustainability Plan for Success Strategy for Exploration Assets IPO Proceeds + Early CRPS Tranches Later CRPS Tranches Warrants Proceeds + Free Cash Flows from Earlier Projects Future Exploration Projects Future Development Projects Future Production Projects Qualifying Acquisition High Impact Advanced Exploration to Build Value Lime Transaction 3D Oil Transaction Funding Plan

4 Raising up to RM210 million with price fixed at conversion premium 10% over the 5-day VWAMP or RM1.60 whichever is higher 20% Optional Redemption Balance in Custodian Account at 17 th month 20% Mandatory Conversion Scheme

5 Building Greater Value Convertible Redeemable Preference Share (CRPS) CRPS block purchase allow for an investor to secure a significant equity stake at a fixed price. Invested funds are maintained with a Trustee and utilized on projects which provide the desired returns and strategic objectives. The utilization must be endorsed by an Independent Competent Person providing another layer of safeguards for the investor. An incoming investor obtains exposure to the Lime exploration assets that are drillable in the near term and the Rex technology package that have already been secured. Pricing mechanism does not dilute current shareholder base. Merits & Safeguards

6 Building Greater Value Convertible Redeemable Preference Share (CRPS) Issue To date, we have successfully signed CRPS Subscription Agreements worth RM74.48 million, which is equivalent to 35.5% of the total maximum funds of RM210 million. Kindly refer to the Circular for detailed information Thank You


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