1 “Neft va gaz quduqlarini sinash” Joint-Stock Company

2 “Neft va gaz quduqlarini sinash” JSC practices: oil and gas wells testing and workover; provision of services for: - water well drilling, - well casing and cementing, - horizontal and controlled directional drilling, and - provision of services for drilling muds and cement groutings, - surveying works. “ Neft va gaz quduqlarini sinash” JSC

3 Registered address: 123, Mustaqillik street, Kasan town, Qashqadaryo region, zip Enterprise location

“ Neft va gaz quduqlarini sinash” JSC 4 History of the JSC Creation “The regional geological office for weld testing and casing“ was established “Neft va qaz quduqlarni sinash” OJSC was established “Neft va qaz quduqlarni sinash” JSC

5 NoDescription Share (in thousand sum) (in thousand USD) (в %) 1“Uzgeoburneftgaz” JSC ,0 399,45 73,87 2Physical persons ,0 141,29 26,13 TOTAL: ,0 540,74 100,0 Information on allotment of shares between “Neft va gaz quduqlarini sinash” JSC shareholders “ Neft va gaz quduqlarini sinash” JSC

6 Human Resources “ Neft va gaz quduqlarini sinash” JSC

7 Personnel education and qualification

8 Manufacturing machinesSpecial-purpose equipment namequantitynamequantity А-508Compressor unit3 АК-601Cementing unit15 UPA-60 hoisting unit 2CMN207 BA-154Cementing monitoring station 2 others34 Production facilities “ Neft va gaz quduqlarini sinash” JSC

9 Raw material resources base No. Material nameSupplier 1Diesel “Uzparta’minot” JSC, “Texnik ta’minlash va butlash” LLP 2 АI-80 gasoline “Texnik ta’minlash va butlash” LLP 3 Chemical agents “Uzparta’minot” JSC, “Texnik ta’minlash va butlash” LLP 4 Constructional materials “Uzparta’minot” JSC, “Texnik ta’minlash va butlash” LLP 5 Liquefied gas “Mubarekneftegaz” SUE, “Шshurtanneftgaz” SUE 6 Spare parts, automobile tires and batteries “Uzparta’minot” JSC, “Texnik ta’minlash va butlash” LLP “Siyob Agromash” MTP “ Neft va gaz quduqlarini sinash” JSC

10 Range of Services No Description of services provided Potential customers 1well testing Enterprises of “Uzbekneftgaz” National Holding Company 2oil and gas weld overwork Enterprises of “Uzbekneftgaz” National Holding Company 3water well drilling Enterprises of “Uzbekneftgaz” National Holding Company 4well casing and cementing Enterprises of “Uzbekneftgaz” National Holding Company 5 provision of services for drilling muds and cement groutings Enterprises of “Uzbekneftgaz” National Holding Company 6 horizontal and controlled directional drilling, and Enterprises of “Uzbekneftgaz” National Holding Company 7Surveying works Enterprises of “Uzbekneftgaz” National Holding Company “ Neft va gaz quduqlarini sinash” JSC

11 License US No dated 02 May 2015 for wholesale trade; License PR No dated 24 April 2015 for transportation and industrial use of precursors. Certificate and Licenses (Attachment No.1) “ Neft va gaz quduqlarini sinash” JSC

12 Replacement of outdated equipment (hoisting units А-50, АК-60, UPA-60, cementing unit TsА-320, 700, BA-15А etc.) Purchase of mobile drilling rigs (MBU-100, 125) Introduction of new services (oil and gas well drilling with MBU-100, 125mobile drilling rigs) Provision of services for foreign companies on well workover and reconditioning “ Neft va gaz quduqlarini sinash” JSC Promising directions for modernization of “Neft va gaz quduqlarini sinash” JSC

13 “Neft va gaz quduqlarini sinash” JSC is the only enterprise in Uzbekistan for oil and gas well testing. And it do not have organizations able to meet competition. “ Neft va gaz quduqlarini sinash” JSC

14 Competitive advantagesCompetitive deficiencies One of the largest regional bases and extensive network of own divisions Average physical infrastructure in regional grass-root units of the Company Qualified personnel in key positions in the central office and regional offices A shortage of qualified professionals, high turnover of staff in grassroot units Developed rules of services provided and the formed methodological procedures for most traditional types of works and services Experience in the implementation of all kinds of works and services Lack of experience in the implementation of works and services on the international market Wide range of services SWOT - analysis

15 Competitive advantagesCompetitive deficiencies The composition of the company's shareholders and their support Limitations during quick handling of issues related to the Company restructuring Large capital base, high financial stability and reliability Declining liquidity of the investments of the Company Flexibility The presence of a group of Customers (Clients) with long-term partnership relations with the Company The widespread introduction of modern ICTs into company’s activity SWOT - analysis

16 OpportunitiesThreats A significant untapped potential of market of foreign investments The appearance of foreign enterprises on the domestic market Rising incomes of workers and the society Increased inflation (rising prices for services, etc.) The loss of customers due to unfair competition SWOT - analysis “ Neft va gaz quduqlarini sinash” JSC

17 Basic financial indicators of enterprise performance in Basic financial indicators of enterprise performance in in thousand USD No.Indicator description Volume of output 15228,517963,917651,622393,823624,1 2Net sales revenue 13020,215378,314694,418026,720013,9 3 Other operating expenses 3255,337962,44467,84676,05488,1 4Profit before tax 654,91038,5380,11270,9321,8 5Net profit 426,2729,9312,91020,5201,1

18 Estimated calculations on statutory capital return and earnings per share for Description of indicator Statutory capital return4,39%3,75%4,00%4,39%4,86% Earnings per share (USD) 0,06 0,07 “ Neft va gaz quduqlarini sinash” JSC

19 Saleable share of economic board body in statutory fund 30, 96 % ( pcs) Assessed value “ Neft va gaz quduqlarini sinash” JSC

20 Planned financial indicators of enterprise performance (USD exchange rate: 1USD = sum) No. Description of indicator Volume of output 12864,113157,413508,313613,613753,9 2Net sales revenue 478,6508,8526,3589,5614,0 3Net profit 322,4308,8312,3321,0335,1 “ Neft va gaz quduqlarini sinash” JSC

21 In , it is planned to further improve and promote investment activities of the Company by: -investment of funds from the sale of the Company’s new-issue shares in financial instruments of large and reliable domestic banks; -increasing the amount of work and services; -strengthening of monitor and analysis of activities of Customers for whom the Company carried out works and services. “ Neft va gaz quduqlarini sinash” JSC The average annual income on invested funds will amount to 20% in

22 General issues: Deputy CEO Salayev Kurban Rahmonovich Acquisition issues: Boboniyazov Sunnatillo Salohiddinovich Phone/Fax: (0375) , Company’s website: ngqs.uzngqs.uz Contact Infromation:

23 Attachment No.1