Camcon Oil Limited Ian Anderson, Chief Operating Officer

2 Owners of innovative, disruptive technology Develop product for superior performance Introduce product to an established market Step up to the “technology push back” challenge Find early adopter to “champion” the product Secure access to full test facilities Establish reference installations Challenges for Innovative Product Developers Camcon Oil Limited IDEC, 2013, May 2013

3 Owners of innovative, disruptive technology Set out program to build credibility and presence Develop product strategy for market share Secure long term business development funding Understand and develop supply chain channels Establish reference installations Encourage users to embrace technology solutions Challenges for Innovative Product Developers Camcon Oil Limited IDEC, 2013, May 2013

4 Why develop an intelligent, electronic gas lift product? Well and field optimisation difficulties Labour intensive operations Frequent well interventions necessary Single point gas injection with fixed port size Injection pressure operated Occasional lost wells due wire line failure Little or no attention given to development ‘Side Pocket’ techniques lack flexible control and operation Electronic Gas Lift IDEC, 2013, May 2013

5 New generation Electronic Gas Lift Product Intelligent and flexible operation Remove reliance on Injection Pressure Operation Multiple orifice injection flow control Real time gas injection changes Pressure/Temperature readings at injection point Continuous production without intervention Field wide optimisation and control Not just “incremental change” to existing techniques Electronic Gas Lift - APOLLO IDEC, 2013, May 2013

6 Bringing intelligent operation to Gas Lift techniques Improves operations efficiency for oil production Prolongs efficient oil production Reduces operational costs of production Supports real time gas injection changes Eliminates well intervention for gas changes No operations “overhead” for real time optimisation Optimising well and field wide production Electronic Gas Lift - APOLLO IDEC, 2013, May 2013

7 Side Pocket Gas Lift APOLLO - Intelligent Electronic Gas Lift Gas Injection Rate Production Rate IDEC, 2013, May 2013 I need to be here!!

8 Intelligent Electronic Gas Lift APOLLO - Intelligent Electronic Gas Lift Gas Injection Rate Production Rate IDEC, 2013, May 2013 APOLLO is here!! APOLLO is here!!

9 A move away from “side pocket” valve techniques Production Tubing Installation No wire line intervention Six independent gas injection points (3.5” config) Injection orifices customisable: 0.06” to 0.22” Surface control for down hole unit Power only when switching injection conditions Two pressure sensors APOLLO - Intelligent Electronic Gas Lift IDEC, 2013, May 2013

10 Generic Technology and Intellectual Property Permanent magnets hold armature against a spring Armature held in one of two stable positions No power required to hold armature in stable state Short electric pulse applied to break magnetic hold Stored energy catapults armature to opposite state Kinetic energy recaptured and stored in spring Binary Actuating Technology APOLLO - Intelligent Electronic Gas Lift IDEC, 2013, May 2013

11 APOLLO - Intelligent Electronic Gas Lift Actuated check valve Pressure protection valve Production tubing check valve Actuator Gas injection orifice Gas Flow to Production Tubing IDEC, 2013, May 2013

12 Controlled intelligence from the surface Cable clamped to production tubing Three wire connection to surface ¼” incoloy cable protection: 40,000 psi Supply power to actuator drivers Power only to change open/close state Transmit communications to/from unit Transmit pressure/temperature readings APOLLO - Intelligent Electronic Gas Lift IDEC, 2013, May 2013

13 Surface Control Box Remotely driven from control room Provides communications and power to unit Receives data from the unit at injection points Set for local or remote operation 24V DC or 115 … 230 VAC Suited to solar powered applications RS-485 communications protocol MODBUS interface protocol APOLLO - Intelligent Electronic Gas Lift IDEC, 2013, May 2013

14 Product Summary Key Operating Features and Benefits APOLLO - Intelligent Electronic Gas Lift IDEC, 2013, May 2013 Deviated and heavily deviated wells Depleted and unstable wells Real time gas injection rate changes Real time pressure and temperature readings No intervention required for changes Not injection pressure dependent Field optimisation and control No intervention scheduling for gas injection changes

15 Business Development priorities in India First installed units in Oman – on-going Business and product introduction to: Oil Operators Potential local business partners Identify and secure early adopters for pilot programs Identify and secure appropriate business partner Establish an APOLLO user reference base in India Camcon Oil Limited IDEC, 2013, May 2013

16 Summary Camcon Oil Limited IDEC, 2013, May 2013 APOLLO is a digital, intelligent, electronically controlled, real time gas injection product that is installed within the production tubing. This eliminates the need for side pocket mandrels, wire-line retrievals or any well intervention technique to make changes to the gas injection rates required to maintain efficient production. This enables the delivery of significant operational benefits and enhancements to the oil operators, introducing management and operational control far beyond the current capabilities of existing solutions.

Camcon Oil Limited