Demonstrated Ability to Monetize both Crude Oil and NAG

– Secured and executed 10 and 15 year Gas Sales and Purchase Agreements with Ibom power plant and Calabar IPP respectively.

– Secured and executed Crude Handling & Crude Sales Agreements with Exxon Mobil and EMS&S.

– Full commercialization of all existing proven and probable hydrocarbon resources in the Uquo Field.