Bretaña

Large oil field with first production in June 2018

• 3D seismic acquired in 2014
• Five wells define structure and continuity of reservoir
• 100% oil production with nominal gas
• First production initiated in June 2018 on time and under budget
• Capex of $18.5 million to first oil  – 25% under original budget

Development Plan in place

• 2023 budget of $125 million with an average production target of 14,500 bopd in 2023
• Infrastructure and export routes in place – established barging and pipeline route to tide-water market

Exploration upside on trend

• 5 exploration prospects / leads on trend with Bretaña