RE:July presentationOil and gas producer poised for expansion - From 33% to 100% ownership of operating company in 2016 - Whole ownership means operating costs down from $89 million to $22 million - Plans to double production to 10,000 barrels of oil per day by 2018, 18,000 boepd by 2020 - Implement program of workovers and recompletions in order to spur low-cost oil and gas extraction opportunities - Pursue secondary recovery opportunities Exciting new address for partnering with oil and gas majors - 76,500-acre block of producing oil and gas fields - 110 sq km modern 3D seismic acquire on oil fields - Concession neighbors BP and Total - Exciting deeper plays to be farmed out to super-majors