November 2016

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President Energy

Corporate Presentation – Delivering ProductionNovember 2016

November 2016

Disclaimer

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These presentation materials (the "Presentation Materials") have been prepared by President Energy PLC (the "Company"). The Presentation Materials do not constitute or

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basis of or be relied upon in connection with any contract or commitment or investment decision whatsoever and nor do the Presentation Materials constitute or form part of any

invitation or inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000 ("FSMA"). The Presentation Materials should not be

considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. The Presentation Materials are

being supplied to you solely for your information and may not be reproduced, forwarded to any other person or published, in whole or in part, for any other purpose. The contents

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Materials or on their completeness. Any reliance on this communication could potentially expose you to a significant risk of losing all of the property invested by you or the

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As a result of these factors, the events described in the forward-looking statements in these Presentation Materials may not occur. Your acceptance of the receipt of these

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November 2016

MARKET STATISTICS

Symbol PPC

Share Price as at 28 Oct. 2016 7.685p

Current No of Shares

Issued Share Cap 525,320,628

Market Capitalisation as at 28 Oct. 2016

GBP40 M (US$49 M)

Core Net Asset Value 20p per share excluding all exploration*

Brokers Peel Hunt / BMO

Analyst Coverage Nathan Piper (RBC)/Werner Riding (PH)

PRODUCTION, RESERVES AND RESOURCES

Group Production 700 boepd +

NPV 10 Value of Oil Reserves(Argentina Only)

US$329 Million**

Argentina ProductionPer Interim Report 30 September 2016

500 bopd

Louisiana Production Current 220 bopd

Independently assessed Reserves** (Argentina Only)

1P 11 MMbbls

2P 18.1 MMbbls

3P 23.1 MMbbls

Projected peak production 2P Reserves(Argentina Only)

4,500 bopd**

Assessed Prospective Resources

Argentina*** 7.68 Tcf and 194 MMbblsCondensate

Paraguay**** Over 342 MMboe from Cretaceous formation

Group Company Overview

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*RBC analyst note October 2015**Gaffney Cline & Associates (“GCA”) report September 2015***Management Estimates for 3 deep gas prospects, mean unrisked****RPS Report June 2014, mean unrisked

REPORTS

The latest financial, reserves and resources reports are available on the Company’s website www.presidentenergyplc.com

SIGNIFICANT SHAREHOLDERS %

Peter Levine / PLLG Investments 23.4

IFC (World Bank Group) 14.2

Schroders Investment Management 9.7

Michinoko Limited 9.0

JP Morgan Asset Management 4.7

http://www.presidentenergyplc.com/

November 2016

Argentina – “Right place, Right time”*

* Quote of Peter Levine** Corporation tax 0% due to pre tax losses

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Coiled Tubing Unit on Location at PE3

ARGENTINA

o Since the pro-business Government of President Macri came to power, Argentina has

settled international debt disputes, issued well received bonds and has seen increasing

international investor attention.

o As an existing operator with management, infrastructure and track record, President, with

a strong balance sheet would be able to take advantage of opportunities as and when

they arise.

o President is the only non-Argentine controlled independent international company

operating in Argentina which is traded on the London Stock Exchange

o President is the 100% owner and operator of its assets

o Oil price at US$55/bbl with incremental net back of US$38/bbl

PUESTO GUARDIAN CONCESSION

o Five separate fields of 11 MMbbls of Proven and 18 MMbbls of Proven plus Probable oil

reserves contained in one long term Concession with significant growth opportunities for

workovers and drilling as well as a multi-Tcf gas exploration play

o Long term Production Licence to 2050 with President having already satisfied the

required financial commitment level of work programme

Argentina – Per Barrel Net Back Actual(of each incremental barrel)

Example Price

Royalty

Other Tax

Transport

Opex

Corp Tax**

Net Back /bbl

$55/bbl

-15%-2.6%

-$2-$50%

$38/bbl

November 2016

PUESTO GUARDIAN CONCESSION (CONT)

o 36 wells, still with undrained oil, have been shut in over the years without benefit of new

stimulation technology and re-completions

o Projected 2017 rolling workover programme of shut-in vertical wells targeting increase of

production from Puesto Guardian Concession to 1,200 bopd by end summer 2017

o Many drilling targets identified to tap proven reserves to further increase production to be

funded out of cash flow

o US$55 per barrel of oil paid within 30 days of each sale

o Infrastructure in place with two wholly owned Independent Central Processing Units

capable of processing 6,000 bofpd in aggregate

o Significant exploration potential with mean unrisked Prospective Resources of 7.68 Tcf of

Gas and 194 MMbbls Condensate with a realisable gas price of over US$5 per MMbtu**

o Increasing opportunities to grow by way of acquisition with President focusing on

existing production with development opportunities

Argentina – “Right place, Right time”*

*Quote of Peter Levine**Based on Management estimates

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Puesto Guardian Production Facility

MDT-12 Well, Puesto Guardian

November 2016

• Read across from new production of oil from same Cretaceous formation in Argentina, 7Km from the border of

President’s Pirity Concession. Potential for production from the volcanics in a trend also coming across the border from

Argentina

• In addition multi-Palaezoeic prospects

• Farm out process to commence start 2017 now that oil price stabilising

Other Key Assets

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PARAGUAY

• Transformational blue sky exploration potential across the

border from Argentina where President holds significant

acreage

• Sizable acreage position with significant Prospective

Resources in a non-hydrocarbon producing country with

excellent fiscal terms

• Several undrilled Cretaceous prospects of over 340 Mmboe

prospective resources* supported by extensive 3D and 2D

seismic data, of which two drill ready

* RPS Report June 2014, mean unrisked

PARAGUAY

ARGENTINA

LOUISIANA

• Producing assets, currently 220 boepd, generating solid underpinning cash flow and post tax profit of US$150,000 per

month all of which is free cash paying Group G&A

November 2016

Asset Overview

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AssetsArgentina Puesto Guardian

(Five oil fields)Producing 100%

Matorras Exploration 100%

Ocultar Exploration 100%

Louisiana East Lake Verret Producing 32%

East White Lake Producing 22%

Paraguay Pirity Exploration 100%

Hernandarias ExplorationWith Earn-In to

40%80%

LOUISIANA

PUESTO GUARDIAN CONCESSION

MATORRAS & OCULTAR

PARAGUAY

November 2016

36 Workover Candidates at Puesto Guardian Concession

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DP-15

DP-5 DP-7

DP-11

DP-6

DP-1001

PG-19

PG-2

PG-21

PG-20

PG-20

PG-9

PG-8

PG-4

PG-13

PG-6

PG-14

PE -1

PE -3

PE -7PE -8

PE -9

PE-6

CG-9

CG-21

CG-13CG-8

CG-1

CG-12

CG-6

CG-19

CG-20

POZO ESCONDIDO FIELD

DOS PUNTITAS FIELD

CANADA GRANDE FIELD

PUESTO GUARDIANFIELD

LEGEND

Top Yacoraite Depth Maps

DP-10Existing Well

DP-11Workover Candidate

o 32 Workover Candidate locations within 4 main field areas

o Additional 4 locations in PozoEscondido Este, Martinez del Tineo, Las Avispasand La Estrella

November 2016

Wells Action

TBC PART I results used to rank candidates for further workover program

Numerous Potential High Return Workovers in the 2017 Programme

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Well WorkoverDate

30 day WI ProductionRate (bopd)

10 month Av. Production (bopd)

Cumulative Capex (USD ‘000)

Workover Payback(months)

DP-12 Nov ‘15 77 88 744 5

DP-10** Nov ‘15 87 75 726 6

LOOK-BACK Q4 2015 Workovers & Rigless Stimulations

PART II – FURTHER WORKOVERS

Wells Action

10 Coiled Tubing Campaign Results will be used to highgrade candidates

o Strategy to take advantage of the high regulated oil price to generate free cash flow

o Incremental Net back of US$38/bbl at current oil price of $55/bbl

o Availability of long term workover rigs at best prices for several years

o 2015/2016 workovers and rigless stimulation trials have demonstrated success and proven economics

o 2017 Workover Program initial 10 wells, further wells TBC

o Path to re-investment for further growth with further workovers and resumption of drilling

Production/Well

10 month Av. (bopd)

Highcase

*Av. Cumulative Capex/Well

60 88 115

Lowcase

Midcase

US$1m

Workover & Stimulation

PART I – 2017 PROGRAM

*Average cost per well for 10 well program including facilities and follow-on stimulation capex** All production from this well is in addition to and was not included in the proved or probable assessment mentioned previously***Revenues after royalties, production taxes and incremental workover opex but before capex

Mid-case IRR of 187%, moving into positive cash flow from workovers in October 2017 and producing

incremental net operating income in 2017 of US$6.5m***

November 2016

LEGEND

Top Yacoraite Depth Maps

DP-10 Existing Well

Highgradedhorizontal sidetrack target

Vertical well reserves location

Numerous New Well Opportunities

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o Main vertical drilling locations from GCA reserves audit

o 3 locations already highgraded and engineered as horizontal sidetracks

o Additional well locations in MDT and Canada Grande

DOS PUNTITAS FIELD

PUESTO GUARDIANFIELD

POZO ESCONDIDO FIELD

POZO ESONDIDO ESTE FIELD

* Reference GCA Report 23rd September 2015

November 2016

Numerous New Drilling Opportunities

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• There are multiple horizontal and vertical proven oil reserve development drilling opportunities in the Puesto Guardian Concession, particularly in the existing producing Dos Puntitas, Pozo Escondido and Puesto Guardian fields. It is presently intended that these will be funded out of cash flow.

• The GCA Report (September 2015), on the basis of vertical wells targeting Proven and Probable (2P) reserves estimated that production from the field would peak at 4,500 bopd.

• All of these wells offer the prospect of material incremental new production and are very much in plans for the future development of the Concession. Whilst the timing of further drilling is currently being considered, drilling new wells gives significant scope to increase overall field production in tandem with the workover programme.

• Recently Well DP 1002 S/T horizontal was drilled. On detailed reservoir analysis it was projected to produce at least 500 bopd targeting undrained proven oil reserves. The failure of the well at Dos Puntitaswas not in any way related to geology and the assessed reserves at the location and in the Concession as a whole remain robust. The well failed, having intercepted the primary producing horizon, due to mechanical issues which, in turn led to a residual cost overrun of approx. US$4m over budget. Whilst detailed investigations relating to various service quality issues are continuing, President currently considers that either no material part of this overrun will ultimately become payable and/or it will ultimately become reclaimable.

November 2016

Glossary

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Bopd Barrels of oil per day

Boepd Barrels of oil equivalent per day

Bofpd Barrels of fluid per day

MMbbls Million barrels of oil

MMboe Million barrels of oil equivalent

MMbtu One Million British Thermal Units

Tcf Trillion Cubic Feet

NPV10 Net present value discounted by 10%

The full text of the SPE PRMS Definitions and Guidelines as to Proven, Probable Reserves, Prospective Resources and Prospect can be viewed at www.spe.org