COMPANY OVERVIEW

world and extensive experience of

negotiating deals under the diverse

legal and commercial regimes en-

countered worldwide.

Our head office is centrally located in

Mayfair, London.

Stellar was established in London in 1999 to provide an independent ac-quisition and divestment service to companies with oil and gas assets in the North Sea. Early success with North Sea transactions rapidly lead to requests from clients to extend

our service outside the North Sea.

Today Stellar offers a worldwide service to upstream oil & gas compa-nies although the North Sea remains

a significant part of our activities.

Stellar has successfully completed

over 70 mandates around the world, attracting total funding of several billion dollars for its clients. These successes have resulted in Stellar establishing a worldwide network with upstream decision makers. Stellar’s clients range from small

Independents to Super Majors.

We have access to a broad range of

facilities, resources and specialised

professionals to manage any M & A

project plus a wide knowledge of the

major petroleum provinces of the

SERVICES

INTRODUCTION

The leading independent portfolio management consultancy specialising in

Acquisition, Advisory & Divestment Services for the upstream international

oil and gas community.

Company Overview

Divestment

Stellar offers a full range of divest-

ment services, from planning through

to completion. Stellar offers a be-

spoke service that tailors the deal

structure, process and timing to best

suit the asset and the client’s re-

quirements.

The main elements of the service

Stellar offers are:

• Planning & Data Preparation

• Screen Buyers

• Marketing

• Data Room

• Deal Promotion

• Bid Evaluation

• Negotiation

• Data Transfer

For details, see: Stellar Divestment

Services Brochure.

Acquisition

Stellar offers two main services to

companies wishing to acquire up-

stream oil and gas assets:

Proactive Acquisition: the deliber-

ate search for assets/companies

that meets the client’s requirements

followed by evaluation of the assets/

company, preparation and submis-

sion of an offer, and negotiation of a

sale and purchase agreement;

Auction support: for a public offer-

ing, organisation and management of

evaluation of the assets/company,

analysis of competitive pricing, sub-

mission of a competitive offer, and

negotiation of a sale and purchase

agreement.

For details, see: Stellar Acquisition

Services Brochure.

Page 1 Company Overview

Contents:

Introduction 1

Services 1

Current Mandates 2

UK North Sea Mandates 3

Europe Mandates 3

North Africa & Middle East

Mandates 4

Sub-Sahara Africa

Mandates 4

South American Mandates 5

Acquisition & Advisory Mandates

5

Contact 6

Global Reach 2

Page 2 Company Overview

CURRENT MANDATES (May ‘15)

Stellar’s location in Central London is

a natural focus for companies based

in the Americas, Africa, Europe, the

Middle East and Far East. Our net-

work of worldwide oil and gas con-

tacts is second to none and ensures

our clients assets and companies

are marketed effectively to the full

community of buyers.

GLOBAL REACH

”Today

knowledge has

power. It

controls access

to opportunity

and

advancement”

Thomas Edison

●Origin of visitors to Stellar’s offices to attend data rooms in the last 12 months

“Business

opportunities are

like buses, there’s

always another

one coming.”

Richard Branson

Page 3 Company Overview

EUROPE MANDATES

Italy Po Valley & Sicily Assets Sale of interest to Petro-celtic International Plc

Netherlands Blocks Q11 & Q14 Farm-out of interest to TAQA Offshore B.V.

Turkey Toreador Turkey Ltd Sale of interest to Tiway A/S

Malta Area 4 Farmout to Genel Energy plc

Romania Aurelian Oil & Gas (Romania) SRL Sale of company to Raffles Energy Netherlands B.V.

BG GROUP

UK NORTHSEA MANDATES

Selected past mandates: Premier: Sale of Scott, Telford & Rochelle Fields Nexen: Sale of Polecat Discovery Summit Petroleum: Farm-out of 29/1c, Orchid Nexen: Sale of Lowlander Field Bridge Resources: Sale of Bridge North Sea Limited Maersk: Sale of Hutton Field Ranger: Sale of Suilven Field ConocoPhillips: Sale of Gryphon Field Nexen: Sale of Perth Field Conoco: Sale of Caledonia, Enoch, J1 & Cavendish Conoco: Sale of Block 16/23N Talisman: Sale of Tain Field Faroe Petroleum: Farm-out of Halibut Basin acreage Shell: Sale of Atlantic Gas Field ConocoPhillips: Sale of Maria Field Eni: Sale of Barbara & Mortimer Fields Shell/ExxonMobil: Sale of Clapham Field

ExxonMobil: Sale of Grebe Field Shell: Sale of Grebe & Guillemot West Fields Eni: Sale of Fyne & Dandy Fields Antrim: Sale of Fyne Field Veritas: Farm-out of Milburn Field Eni: Sale of Pilot Field

CNR: Deep Banff Appraisal Farm-out Gaz de France: Sale of Chiswick & Windermere Fields Caledonia: Sale of Anglia, Chiswick, Welland and Wissey Gas Fields. Newfield: Sale of Chiswick Field

“Formula for

success: rise

early, work hard,

strike oil.”

J. Paul Getty

Page 4 Company Overview

NORTH AFRICA & MIDDLE EAST MANDATES

Egypt North Bahariya Concession Sale of interest to Sahara Oil & Gas SA

Egypt North Idku Gas Field Sale of interest to RWE-DEA

Egypt Northwest October Field Sale of interest by Arabian Oil Company to PICO

Yemen Blocks 25, 49 & R2 Acquisition from Virgin Resources Limited

Egypt South Alamein Farm-out of interest to El Paso Corporation

SOUTH AMERICA MANDATES

Brazil Blocks BM-S-29 & BM-S-37, Santos Basin Farm-out of interest to Shell Brasil, Ltda

Chile Magallanes Basin Licences, Farm-Out of interest to GeoPark, Wintershall & YPF

South & East Falkland Islands Farm-Out to Edison International

Brazil Blocks SM-1035, SM-1036 & SM-1100 Santos Basin, Offshore Brazil Farmout of interest to Vanco

South & East Falkland Islands Farm-Out to Noble Energy

“If you wait for

opportunities to

occur, you will be

one of a crowd.”

Edward de Bono

Page 5 Company Overview

ACQUISITION & ADVISORY MANDATES

Stellar has provided a wide range of acquisition and advisory services to clients, which have covered diverse

countries and broad business re-quirements. Stellar’s, knowledge of the competition and markets, plus

access to a large resource pool with a wide range of proven skills, gives our clients a real advantage.

SUB-SAHARA AFRICA MANDATES

Angola Block 16 Acquisition by Maersk Olie og Gas AS from CNR Ranger (Angola) Limited

Angola Block 21, Kwanza Basin Farm-out of interest to Burlington Resources

Gabon Premier Oil Gabon BV (Dussafu Permit) Sale of Company to Pan-Petroleum Ltd

Ghana Offshore Cape Three Points Farm-out of interest by Vitol to Eni E&P Limited

Ghana Keta Block Farm-out to ENI

Page 6 Company Overview

“the only

reason for time

is so that

everything

doesn't happen

at once…”

Albert Einstein

CONTACTS

Stellar Energy Advisors Limited Duke Street House, 50 Duke Street, Mayfair, London W1K 6JL

Duke Street House

Tel: +44 (0) 20 7493 1977 Fax: +44 (0)20 7493 6226 Email: mail@stellarlimited.com