New Exploration Opportunity

Five Exploration Blocks Farm-in opportunities in ChadLa Societe Global Petroleum (LSGP) is offering a farm-in data room exercise to identify a potential partner and the opportunity to acquire part of its share (up to 50%) which is the 100% shareholding of Doba basin in Chad. The LSGP portfolio comprises all assets in South & Northern Chad. A competitive farm-in process will start with a physical Data Room in London opening 19th January 2015.

Schlumberger will host all of the services. Access to the physical Data Room will only be available to selected parties who have executed Con�dentiality Agreements (CA). A pre-quali�cation questionnaire is applicable. Separate data rooms in Chad, each requiring a CA, will be available for all LSGP blocks, if required.

LSGP is a private exploration and development company focused on oil and gas activities in the Republic of Chad in Africa, with its main of�ce in N’Djamena. LSGP has a balanced, technically established portfolio position, covering highly prospective oil prospects.

The Company signed a production-sharing Agreement (“PSA”) with the Government of the Republic of Chad in November 2011.

The PSA provides exclusive rights to explore and develop resources in the DOE, DOF and DOG concessions in the Doba basin in Southern Chad, covering a combined area of 3,800 square kilometres and the Largeau V and Djado III concessions in Northern Chad, covering a combined 20,000 square kilometres.

The DOE, DOF and DOG area does not include the Esso E&P Chad Concession area (facilities, producing the Kome, Bolobo, Miandoum, Miakeri, Nya and Timbre �elds).

The company believes that the concession areas acquired under the PSC has world class potential with signi�cant resources. The Global Petroleum management team has the expertise to unlock the resource base and plans on executing an exploration programme in 2013/2014.

The Doba blocks are under two exploration phases effective from 11th November 2011. The �rst phase is a 5 year term, $25 million work commitment across 5 blocks, with no de�ned work requirements per block. Work programs, open to the Operator’s discretion, are subject to standard Governmental approval and 50% relinquishment of the exploration area at the end of Exploration Phase.

The regional studies show that the future of exploration in Chad will be much different than the past. At present, 82% of the discovered reserves are in the Upper Cretaceous (UK) play, with the UK having 1150 MOEB and the Lower Cretaceous (LK) 200 MOEB discovered. However, 80% of the remaining undiscovered potential will be found in the Lower Cretaceous “formation C” and “formation D&E” plays, which have resource base means of 800 MOEB.

LSGP blocks and Offsetting oil �elds in Doba basin Kome, Bolobo, Miandoum, Miakeri, Nya and Timbre �elds are inside the LSGP Doba concessions. Wherein, LSGP blocks are surrounded by Moundouli oil �eld (103 MMbbl), Belanga discovery (12 MMbbl) and M’Biku (8 MMbbl). Among many other identi�ed prospects are Mangara discovery (47 MMbbl, test rates 1,600 bbl/d), Badilla discovery (test rates 3,100 bbl/d) and Damalla prospects (at the LSGP eastern border of DOG block). CPC Taiwan (OPIC) �elds found the Benoy discovery, the company’s largest discovery.

For further information and copies of the con�dentiality agreements please contact:

LA SOCIETE GLOBAL PETROLEUMTCHAD: Quartier Residentiel, BPN:6357, D'jamena LONDON: 46 Portland Place, W1B 1NF

Khamis FarhoudExploration Manager

Telephone: (235) 63636965 & (44) (0) 201065003047Email: k.farhoud@lsgpchad.com

Mustapha SheriffManaging Director

Telephone: (235) 22520028 & (44) (0) 20273230788Email: m.sheriff@lsgpchad.com

New Exploration Opportunity

Doba Basin HistoryRepublic of Chad, located in West Africa northeast of regional oil giant Nigeria, will become the world's 76th producer of oil in the coming years. For Chad, it has been a long walk to becoming an oil producer. The country's sedimentary terrain is part of the West and Central African Rift System (WCAS), a stretch of geologic in�ll that runs from northern Nigeria, Niger, and Chad to the Central African Republic, Libya, and Algeria. Accordingly, the beginning of oil exploration in Chad dates back to the 1950's and the �rst discoveries happened in the 1960's. With the commencement of oil exploration in 1969, oil was discovered in both the Lake Chad Basin and Doba Basin by 1975.

1955 & 1959, Shell and Exxon and Mobil arrived in Chad and started to do few studies.

1962, the �rst hydrocarbon exploration permits in the region were granted to Saphyr Petroleum and Petropar, but Chad was not interpreted as a rift system geology until Conoco showed up in 1969.

1970, Texaco and Amax Oil and Gas began exploring north-eastern Niger, and Conoco and Shell began studying the Central African Republic in 1973.

1973, a group consortium comprised of Exxon, Shell, and Chevron whose work led to the launch of the �rst commercial reservoirs that will make Chad an oil producer.

1974, it was Conoco that got a handle on the area's geology before any other company, drilling the �rst oil well in the Termit Basin, near Lake Chad.

1993, the focus became on the Doba Basin area by a consortium of operators in the area that had made signi�cant oil discoveries. Delineation of the new �elds continued for several years.

2003, the production of oil in Chad resumed again when the Miandoum �eld, part of the Doba basin, was brought on-stream.

2004, Miandoum �eld was followed by production in the Komé and Bolobo �elds, respectively. Production from the three �elds has been restricted by a high water cut, low reservoir pressure, unconsolidated sands and complex reservoir geometry. A combination of well enhancements and the start-up of four satellite �elds, Nya, Moundouli, Maikeri and Timbre, has helped to slow the rate of decline.

2006, massive Chinese investment in Chad - �rst on the development of various �elds including Bongor and later on a joint venture on the re�nery project.

2008, the Chadian government created its own national oil company: Société des Hydrocarbures du Tchad - SHT.

Production historyIn 1979-1980 Chad produced 1500 bpd. Exploration had resumed by the 1990s. In 2012, the Doba basin in the southern part of the country averaged approximately 104,500 bbl/d as reported by the US Energy Information Administration (US EIA). Chad’s oil production began with 36000 bpd in 2003 and reached 177000 bpd by 2005.In 2006 Chad produced approx. 0.21 percent of the world oil production, with an approx. reserve estimation of 1.5 Bb (0.2 percent of the world). In 2013, new production has come on-stream in the Doba Basin, with a discovery at Badila (Block DOI).Back to 1995 Chad signed an agreement with Cameroon for a pipeline from Doba to the Cameroonian port of Kribi. The pipeline project was proposed by a partnership involving the government of Cameroon and Chad; Esso Exploration and Production Chad (project operator); Societé Shell Tchadianne de Recherches et d'Exploitation, Elf Hydrocarbures Tchad, and the Cameroon Oil Transportation Company (Cotco). Construction of the 1080 km pipeline began in 2000 and �nished in 2003, with a capacity of 225000 bpd.

New Exploration Opportunity

The DOE, DOF &DOG exploration identi�ed prospects are located in the central Doba Basin, Chad, 14 km north-northwest of the ESSO �elds. The identi�ed Prospects will test several Upper, Middle Cretaceous (MK) and Lower Cretaceous (LK) objectives which comprise a large (approximately 30 sq.km) faulted closure between near major bounding faults. The stratigraphic objectives at the Miandoum Shale 1 & 2 prospects are �uvio-deltaic sandstones in the Upper & Middle Cretaceous “Msh” and “A" intervals (similar to UK & MK sandstones penetrated at 1974 Doba-1, drilled down to 4248 m). Secondary objectives include the predominantly deltaic sandstones of the Lower Cretaceous "C" interval and below that the LK “D” interval characterized by a higher percentage of �uvial deposits. The Upper & Middle Cretaceous targets have a potential closure area ranging from approximately 7 to 9 to 26 sq.km and a maximum closure height of 165 meters. The 9 and 26 sq.km closure sizes are suggested by Petrel TWT & Depth occurrence of potential leak points at -885 m and -1595 m TVDSS. The additional high-side acreage includes connection to the Msh-1 prospect feature at �uid �ll depths to -950 m TVDSS. The Top Lower Cretaceous closure at the “C” sand level encompasses up to 8 to 22 sq.km at a closure height of -2815 m TVDSS at the Doba area east of Doungabo “DOF” & -2970 m TVDSS at the Eastern side area west of Doungabo “DOE block”.The proposed total depth : shallow well is -2250 m TVDSS, which allows for penetration of multiple Upper & Middle Cretaceous objectives, whilst the proposed total depth for the deep well is -3350 m TVDSS, which allows for penetration of multiple Lower Cretaceous objectives.The Lower Cretaceous has yielded discoveries in the Western Doba Basin at Mangara and at the Badila-1, and is gas-saturated, along with light crude accumulation in the Kome Field in the Eastern Doba Basin, Bolobo and Timbre “ESSO Fields”. Upper Cretaceous sands are the primary reservoirs at the Three Field Development inside DOE, DOF & DOG Global blocks.Lower Cretaceous tops are estimated to occur at -2800 m TVDSS & -3000 m TVDSS at Doba & Bebanga areas, respectively. The proposed drill well locations are optimized to test both Upper, Middle and Lower Cretaceous objectives. As per the regional studies made recently, 150 MOEB has been discovered and 800 MOEB remains to be found in Doba basin.

Hydrocarbon SystemOil shows all over the Upper and Middle Cretaceous objective intervals and traces of oil in different types of tests in the ESSO / and other �elds well suggest a viable hydrocarbon system for the greater Doba structure. Regional source rocks show Lower Cretaceous algal-rich lacustrine shales (type I source) and lacustrine shales with signi�cant terrigenous materials (mixed type III-I sources). The source rocks have total organic carbon values ranging from 2% to 6% by weight. Lower Cretaceous oil and gas produced in the Kome Field in the Doba Basin (in the middle of LSGP blocks) was also generated from the same source rock intervals. Regional stratigraphic mapping of the Lower Cretaceous intervals in the Global area shows that the prospect is most likely surrounded by thick source and seal rock intervals. Hydrocarbon maturation in the Doba Basin generally peaked around Santonian time and might have predated some of the �nal structuring or inversion episodes.Recent studies of source maturation and yield timing show that the Lower Cretaceous source intervals in the Doba Basin area reached peak maturation between 75 million years ago, with additional generations occurring from 75-20 Ma. This suggests that there was signi�cant overlap between the trap-forming events and the peak hydrocarbon yield / primary migration windows. Seismic Structural mapping shows that closure may have existed prior to the peak maturation. The structural closure are of Santonian (84 Ma) and Eocene (40 Ma) inversion events. There is great probability that the prospect has received HC charge for a considerable period of time.

New Exploration Opportunity

Exploration Program So Far

Establishing drilling teamDraft the drilling well program & designRoad & well site constructionBase yard and inventoryStart drilling (one well) Seismic depth migration for the new recovered SEGD from ESSO “2037 LKM”

Acquiring 793 2D seismic2D seismic data processing2D seismic data interpretationPlay Fairway risk assessment Prospect speci�c risk assessment Overall chance of success Understanding the performance of the reservoirUnderstanding the components of In�ow performance Understanding the components of vertical lift performance Understanding combining in�ow and vertical lift performance Sand problem productionPredict production pro�leDiscounted cash �ow/ NPV

Preliminary well designWellheads & X-tree bid and evaluationTabular & casing accessories bid and evaluationCementing & �uids bid and evaluationDrilling bits bid and evaluationDrilling tools & Fishing bid and evaluationLiner hunger bid and evaluationLogistic services bid and evaluationFuel & water supply bid and evaluationLWD and wellbore surveying services bid and evaluationDrilling rig bid and evaluationRig acceptance and inspection

2014

Late2013

Early2013