Ogan Komering PSC

Key transaction highlights

Overview of South Sumatra Basin Select highlights

Producing (PERTAMINA) Producing (IOC)
Producing (Other) Exploration  Ogan Komering PSC is Jadestone Energy’s first Southeast Asia
Lirik
production

— Further balancing/re-aligning Jadestone’s asset base from early stage

exploration
01° S

 Value accretive acquisition even in the absence of participation in the

new PSC, or further exploration success

— Annual free cashflow of US$4mm net to JSE up to PSC expiry

— Substantial further potential value to unlock via participation in the new
02° S
PSC from ongoing production, three yet-to-be-commercialized gas
discoveries and an oil discovery, plus additional exploration upside
with numerous leads

 First step in a new core area in South Sumatra, an area with extensive
infrastructure and growing local energy demand
03° S

 Right time to add, in a disciplined fashion, additional talent

Ogan
Komering — David Lamb, Talisman’s Indonesia Country Manager for the last eight
years, joins as Jadestone Country Manager

04° S

South
 Acquisition fully funded from existing cash-on-hand
Sumatra

102° 103° 104° 105°

E E E E

Ogan Komering is Jadestone’s first acquisition from the heritage Talisman Asia Pacific portfolio

16