1. 1 www.xodusgroup.com 1 Xodus Advisory Presenter / date if required

2. 2 Technical, commercial and fiscal advice including >Acquisition and divestment support >Independent reserves and resource reports >Reserves and portfolio management >Fiscal modelling >Asset audit and strategy >Expert witness opinions pre / post litigation What we do Xodus Advisory

3. 3 Differentiated by >Skill-sets across all E&P technical areas >Advice linked to practical support and execution >Opinions as well as analysis >Decision support bridging technical, commercial and fiscal considerations >A very high percentage of repeat business What we do Xodus Advisory

4. 44 Track Record Xodus Advisory In the last 12 months, we have advised on asset transactions and financing of value >$10 billion

5. 5 Confidential NOC / Private Equity Corporate Transaction Xodus Advisory Track Record – Last 12 Months NW Europe and North Africa Lead technical advisor >Subsurface, surface and concept >Worked with multiple advisory and finance entities >Profiles and costs Corporate acquisition >>$4 billion >Pre-development and mature assets >Large exploration portfolio Staged deliverables >Red / amber / green review and management presentation >Commented seller fiscal model / profiles >Independent reserves and resources view

6. 6 Confidential NOC / Private Equity Corporate Transaction Xodus Advisory Track Record – Last 12 Months Nigeria Integrated due diligence support >Technical and commercial (incl. fiscal modelling) >Management assurance and financing – CPR format >Ability to inspect assets / environmental issues with local skill-sets Asset types >Pre-development and mature / producing Deliverables >Red / amber / green high level review >Fiscal model / profiles >Independent reserves view (CPR format): PRMS standard

7. 7 Niger Delta oil licences worked on OML 95 OML 120 OPL 322 OML 118 OML 113 OPLs 216 / 217 / 218 OMLs 13 / 14 / 123

8. 8 Confidential NOC / Private Equity Corporate Transaction Xodus Advisory Track Record – Last 12 Months FSU, West and Central Africa Integrated due diligence support >Integrated due diligence >Technical and commercial (incl. fiscal modelling) >Management assurance and financing – SPE / PRMS standard Multiple geographies >Pre-development, re- development and mature asset management >Upside focus Staged deliverables >Red / amber / green review and management presentation >Fiscal model / profiles >Independent reserves view

9. 9 Confidential NOC / Private Equity Corporate Transaction Xodus Advisory Track Record – Last 12 Months NW Europe Lead technical advisor >Integrated due diligence and periodic reserves / reporting >Technical and commercial (incl. fiscal modelling) >Equity investment and loan related reserves reporting – SPE / PRMS standard Multiple geographies / RBL and equity >European (offshore) focus >Pre-development, and mature assets Staged deliverables >Red / amber / green review and management presentation >Fiscal model / profiles >Independent reserves view

10. 10 Xodus Advisory Project Leads Arjan Schouten Netten Principal Geoscientist >Based in The Hague >30+ years’ experience >Ex Shell – 17 years (Nigeria Explo. Manager, UK, Oman, set-up of Shell HQ A&D group) >Ex SGS Horizon (Chief Geoscientist) Chris de Goey Management Consultant Lead >Based in London >20+ years’ experience >Ex Shell and Accenture Strategy >Successor to Jon as Advisory Head of London for Senergy – 4 years Jon Fuller Global Advisory Lead >Based in London >20+ years’ experience >Former London Head for Senergy – 6 years (including Advisory) >Ex Elf / TOTAL, Schlumberger

11. 11 Xodus Advisory Subsurface Team Advisory projects supported by 46 Subsurface staff

12. 12 Trusted expertise, covering all aspects of the subsurface lifecycle Xodus Advisory Subsurface Team >Exploration reviews >Seismic operations management >Seismic interpretation >Seismic inversion and modelling >Basin modelling >Reservoir characterisation >Static modelling >Well log interpretation / petrophysics Geosciences >Well test design / interpretation >Reservoir engineering and simulation >PVT analysis >Decline curve analysis Petroleum Engineering

13. 13 Trusted expertise, covering all aspects of the subsurface lifecycle Xodus Advisory Subsurface Team >Well and completion design >Well modelling and production optimisation >Artificial lift design and optimisation >Life-cycle well risk management Production and Well Engineering >Integrated reservoir modelling >Development concepts selection >Well planning and well proposals >Resource maturation planning >Production forecasting >Project economic evaluations >Uncertainty and risk management Field Development Planning

14. 14 Trusted expertise, covering all aspects of the subsurface lifecycle Xodus Advisory Subsurface Team >Wellsite operations >Well testing >Data acquisition and analysis >Seismic operations management Operations Support >Reserves certification for various requirements (SPE-PRMS, SEC and other stock exchanges) >CPR, unitisation and equity experts Reserves and Competent Persons Reporting >Data room visits >Technical evaluation for A&D >Licence application Data Room and A&D Support

15. 15 Global Subsurface Experience Xodus Advisory Subsurface experience in The Americas. Europe FSU. Middle-East Africa. Asia

16. 16 Lamu Oil and Gas Ltd., Kenya, block L1 Frontier Exploration Our experienced and knowledgeable team reacts quickly and advises on appropriate strategies for exploring a frontier block in a timely fashion Xodus Advisory Global Subsurface Experience Project scope >Play concepts to be targeted for exploration >Review of regional geology and analogues >Interpret legacy seismic data and tie with gravity, magnetics and wells >Identify contractors for seismic operations >Create ITT documents >Bid evaluations, negotiations and contractor management >2D seismic design and parameterisation >Overall supervision of field operations >Processing supervision and QA / QC >Seismic interpretation and geological modelling >High grading of basin areas (basin modelling) >Lead and prospect generation >Exploration well proposal Key features >Complicated rift and inversion geology >Poor quality legacy data (seismic and wells) >Sparse data and lack of well control >Poorly understood petroleum system >Logistically challenging area to acquire new data >Time pressure from government as per PSC terms

17. 17 YFP, Nigeria, OML 113 Field Development Our integrated team of subsurface, surface and wells personnel deliver a full FDP for the Aje Cenomanian oil development Xodus Advisory Global Subsurface Experience Project scope >Data gathering and review of existing geophysical interpretation – focus on depth conversion >Review existing and build new of static model >Well test analysis / other Res Eng and dynamic simulation >Aje-5 well location proposal and application to drill >Conceptual FDP for Cenomanian Oil >Project economics Key features >Complex depth conversion resulting in volumetric uncertainty >Building viable models with limited well and history data which reflected the range of dynamic uncertainty >Fast iteration between subsurface and economic models for screening of development concepts >Assistance with regulatory approval >Delivering development plan on tight schedule to operator

18. 18 Supernova Energy, Guinea Bissau, Block 7B Seismic Interpretation and Prospect Identification Our experienced and knowledgeable team provides seismic interpretation to build a prospect inventory Xodus Advisory Global Subsurface Experience Project scope >Review of regional geology and analogues; tectonics, depositional environments and petroleum systems >Interpret newly acquired 3D seismic and merge with existing 2D project >Lead identification and prospect inventory building >Assist with farm out and data room Key features >Complex geology off the shelf >Heavily faulted section with detailed structural interpretation >Carbonate reef, structural and stratigraphic traps all identified >Lack of well control of the shelf needed experienced regional understanding of likely sedimentation and stratigraphy

19. 19 Tullow, Banda Oil Rim, Mauritania Field Development An integrated Xodus surface engineering team worked for over 6000 hours on the Banda development Xodus Advisory Global Subsurface Experience Project scope >Systems engineering >Safety engineering >Flow assurance >Field layouts and routing >Flow design >Flow specifications >Flexible riser specifications >Umbilical specifications >FPSO mods FEED support >EPC support for subsea productions system Key features >Xodus is performing subsea tie backs on flowlines to the existing FPSO >Since completing the oil rim development Xodus is now working on the Pre-FEED and FEED for the gas development of Banda including a subsea and onshore study

20. 20 Genel, Miran Oilfield, Kurdistan Region, Iraq Field Development A fast-track development plan for Genel on the Miran Oil Rim Xodus Advisory Global Subsurface Experience Project scope >Identification of business drivers and development strategies >Integrated subsurface realisations and options development >Optimisation of gathering system and processing plant location >Optimisation of capacity based on modular facilities >Terrain based H 2 S dispersion analysis to determine injection location/strategy >Optimisation of H 2 S reinjection facilities >Materials selection >CAPEX & OPEX profiles for economics Key features >Small oil rim of larger gas field >Fast track deliver to MNR – 3.5 months >Identified key geological and production uncertainties, how to address during appraisal >Early production system, pilot wells and optimise appraisal and production >Development plan aligned to investment strategy (revenue/CAPEX)

21. 21 www.xodusgroup.com 21 Thank you