Ann: Trinidad operational update, page-2

Highlights: • The Company’s average net oil production for January 2018 was 777 barrels of oil per day (“bopd”). This is an increase of 23% on the production for the quarter ended 31 December 2017; • Trinidad work plan for 2018 comprises:  Integration of the oilfield business and securing third-party contracts;  Completing work to increase the water injection rate at the SE waterflood project to a rate of at least 1,500 barrels of water per day (“bwpd”);  Drilling a minimum of two new development wells at the Beach Marcelle and Morne Diablo fields;  Up to 30 heavy workovers; and  Obtaining approvals for the next waterflood projects.