Historical Milestones

• Performance Compensation Contract (“PCC”) signed with MOGE
• Acquires 73 sq-km (full-fold) of 3D seismic

• First incremental oil produced

• Global oil price drops to as low as US$12 per barrel
• MPRL E&P becomes sole main contractor to MOGE as JV partners exit contract (assumes full responsibility for PCC rights and obligations)

• PCC amended from well by well management to whole field management

• Deep exploration campaign commences

• Highest field production rate achieved since PCC signing (2,420 barrels oil per day)

• Production Sharing Contract (“PSC”) signed with MOGE
• Conducts extensive onshore geological surveys along entire Rakhine coast

• Acquires 1,955 line-km of 2D seismic covering most of the block

• Acquires 550 sq-km (full-fold) of 3D seismic in shelf region

• Acquires 210 line-km (long offset full-fold) of 2D Seismic
• Pilot Greenzyme chemical EOR treatment increases production of four wells

• Drills MDE-1 to 11,571 ft and discovers wet gas play in deep Oligocene reservoirs

• Pyi Thar exploration drilling campaign makes play opening gas discovery proving a new play concept in the southern Rakhine offshore region

• Woodside farm-in
• Acquires 1731 sq-km (full-fold) of 3D seismic in ultra-deep water region

• PCC extended by MOGE to expire in 2024

• Becomes a CSR Asia Strategic Partner

• MPEP signs PSCs for blocks PSC-K & RSF-5 as local partner to Eni

• Initiates short-term community investment projects
• Recruits village volunteers from communities where we operate
• Launches operational grievance mechanism

• Signes Improved Petroleum Recovery (“IPR”) contract with MOGE

(Both assets were relinquished back to MOGE on 1^st December 2016 after Initial Joint Study period was completed. MPRL E&P have invested more than USD 1,759,207.04 millions for IOR-4 and USD 1,621,740.04  millions for IOR- 6 in sub-surface, engineering studies and ESIA survey.)

• Becomes a member of the Multi-Stakeholder Group tasked with overseeing the implementation of the Myanmar Extractive Industry Transparency Initiative (MEITI)

• MPEP signs PSC as local partner to Shell (formerly British Gas before Shell Acquisition of the company) and Woodside
• Acquires 4,592 sq-km (full-fold) of 3D seismic

• MPEP signs PSC as local partner to Woodside and Shell (formerly British Gas before Shell Acquisition of the company)
• Acquires 3,650 sq-km (full-fold) of 3D seismic

• Shwe Yee Htun exploration drilling campaign results in ultra-deep water gas discovery
• Acquires new 1,835 sq-km (full-fold) of 3D seismic

• Becomes a signatory member of the United Nations Global Compact

• Pyi Thit-1 Appraisal Well drilling in June-August 2017 results in ultra-deep water gas discovery and flow tested the gas bearing sand at 50 million standard cubic feet per day of gas with strong pressure support
• Successfully completed drilling of Pyi Tharyar-1 Exploration Well in the deepest Water Depth (about 2450m) in Myanmar, in August 2017

• Submits Communication on Progress report as a signatory member of the United Nations Global Compact for first time

• Submits Communication on Progress report as a signatory member of the United Nations Global Compact for second time

• Appraisal Well Shwe Yee Htun-2 has been successfully drilled in July 2018 with formation evaluation results indicating a gas column and net pay thickness that substantially exceeds prior expectations. Drill stem test results indicate Shwe Yee Htun-2 achieving a flow rate of 50 million standard cubic feet per day (up to 53.7 million standard cubic feet per day) of gas limited by testing equipment through a 40/64″ choke.

• Myanmar Government grants the adjustment of PSC and fiscal terms to underpin a commercially viable ultra-deep water development

• Secures an Environmental Compliance Certificate (ECC) for the Mann Field Enhanced Oil Recovery (EOR) Project as the first ever producing oil and gas asset in the upstream energy sector of Myanmar to be granted an ECC from the Ministry of Natural Resources and Environmental Conservation (MONREC)

• Third-party resources assessment certifies 2.4 Tcf of gas in channels discovered and tested during the Pyi Thit-1 and Shwe Yee Htun-2 wells, which will be used to underpin development

• Releases Inaugural Sustainability Report 2020

• Releases Sustainability Report 2022
• Maintains active membership of UN Global Compact through submission of new Communication on Progress (CoP)

• Releases Sustainability Report 2023
• Receives the Mann Field ECC first extension for a period of five years from the Ministry of Natural Resources and Environmental Conservation (MONREC)