Summary - Parcel 2

• Parcel is located in the Sable Sub-basin where 23 Significant Discoveries have been made to date.
• Gas was discovered within the late Cretaceous chalk reservoir, OGIP range P90 - P10: 25.3 - 47.3 E9M3 / 892 - 1,670 Bcf.
• Several additional exploration prospects have been identified on the parcel.
• Proximity to existing infrastructure; subsea pipeline crosses northwestern corner of parcel.
• Shallow water parcel, most of parcel in <100 m of water.

FIGURE: 16