website technical

TECHNICAL OVERVIEW LAOS CONCESSION

Concession Potential Concession (100% CamCan owned)

Awarded Oct 7, 2013 – 7 year exploration term 11,974 sq km (~3 million acres) Very favourable Terms & Conditions

Multiple Prospects ~ 200 mm bbl. oil & 1.4 tcf gas (Hunt Oil) Proven active petroleum system in Laos basin

• Surface oil seeps & bitumen evidence to east & north-east• Bang Nouan 1 Discovery well

History• 1989-1998 Enterprise Oil (2,300 km 2D seismic) • 1990-1997 Laos Hunt Oil Company (1 well)• 2007-2010 Salamander Energy (350 km 2D + Discovery well)• ~1990 presence of many International Oil companies in

neighboring Thailand Historical Data

• ~ 2,600 km 2D seismic acquired• 2 Wells ~2,540m (8,334ft) & 3,390m (11,125ft )

2

Infrastructure – Good roads over block & into Vietnam, Thailand & Cambodia (Vietnam ports~250km to east) Thailand – Nearby production

~90 million cuft/day SinPhuHorm gas field – 1983 Esso discovery. Hess operated. Located ~ 200 km west ~50 million cuft/day SinPhuHorm East - Well tested Sept 2013 by Salamander & partners)

CamCan Concession

SinPhuHorm Gas Fields

CamCan Concession Topography & Roads

Slide 3

Laos-Thailand Khorat Basin Discoveries & Well Tests

Laos & Thailand Legacy Concessions Circa 1992

5

Existing Data – 2D Seismic Map

Past Concession Holders Enterprise Oil ~1989-1998

Salamander Energy ~2007-11

Enterprise Oil, 2D Seismic Acquired ~2,300 km (1992)

Vibroseis

Example of 4 lines• E91LA11-02 • E91LA11-02N• E91LA11-09• E92LA11-33

Salamander Energy, 2D Seismic Acquired ~350 km (2008)

6

Enterprise & Salamander 2D Seismic

Enterprise 2D Seismic ~2,300km circa 1992-1993

Salamander 2D Seismic ~350km circa 2008

Savannakhet Concession Structural map

Slide 8

Structural Map & Hydrocarbon Potential

9

Basin straddles Mekong Laos-Thailand border

Basin located at western edge of concession

Formation dip rises to north-east in same direction as tectonic forces, surface outcropping and hills/ mountains forming Laos-Vietnam border

Oil seeps & bitumen stained rocks outcropping up-dip and to east of concession

Savannakhet Basin Stratigraphy

Slide 10

2D Seismic lines NE-SW Structures

Enterprise Oil Line E92LA11-09

Enterprise Oil Line E92LA11-33

Slide 12

2D seismic Lines NW-SE Structures

Enterprise Oil Line E92LA11-02

Enterprise Oil Line E92LA11-02N

Structure Tested by Bang Nouan Well

Bang Noun & Non Chan Structures

13

Khorat Basin X-Section – Exxon, Salamander, Hunt Wells

Slide 14

Bang Nouan Structure

Slide 15

Bang Nouan Structure – Line SS08-05

Slide 16

Bang Nouan Structure also present on Line E92LA11-02

Bang Nouan Well Lithology Prognosis

Slide 17

Bang Nouan Well Objectives Evaluate Primary target

- Pha Nok Khao Carbonate Evaluate Secondary target

- Khorat & Kuchinerai group sandstones

Secondary target to be drilled first hence logged and cased for further evaluation

Primary target expected to be fractured and hence potential for mud losses and over-pressure due to higher permeability

Bang Nuang 1 Mud-Gas Log

18

Blue shading shows increased mud gas from drilled sand, mudstone, siltstone, shale inter-beds (1,000 to 2,900 m)

Bang Nouan Producing Analogy – Phu Horm (Thailand)

Slide 19

NON CHAN STRUCTURES

Large Non Chan Structures

Slide 21

Non Chan Structural Details

Slide 22

Non Chan Structure - Line E92LA11-33

Slide 23

Non Chan Structure - Line E91LA08-02

Slide 24

Non Chan Structure - Line E92LA08-18

Slide 25

Non Chan Producing Analogy – Nam Pong (Thailand)

Slide 26

Upside Potential – Multiple Structures

Slide 27

OTHERSTRATIGRAPHIC STRUCTURE

Seismic Line: Prospect 3

Example of stratigraphic type prospect evident on the concession

Producing Analogy 3

Producing example of stratigraphic type prospect