Ann: Investor Presentation, page-2

This is what we are waiting for (p27 of presentation):

• Byron currently regards the EI77 opportunity as the most significant high impact project in the Company portfolio and we expect to start drilling this project in mid 2019

• These leases account for approximately half the increase in our 1P, 2P and 3P reserves for 2018

• Recently completed year long reservoir engineering analysis and modelling of the entire EI77 field this involved analyzing 13 producing horizons across 63 wells and integrating this work with the RTM mapping

• Eight prospects with up to 13 potential pay horizons

• Target depths of sands contained within these eight prospects range from 11,000’ to 16,000’ TVD the majority of the objective sands are in normally pressured rock

• All the prospects are updip to either production or wells that logged downdip wet sands

• At this stage we don’t plan on farming out any equity in this play

• Byron’s initial EI77 #1 well will target 3P development reserves of 3.5 mmbo and 27 bcf* of gas in the T1, T6 & T10 Sands and prospective resources of 226 mbo and 32.9 bcf* of gas in the 14,500 and 16,000 Sands

• The high potential of this these blocks was recognized five years ago during which time we patiently put this play together. Patience is a key attribute to any successful exploration program.

All to be funded from SM71 production and hopefully Biv Peak production.