John Energy Overview CONFIDENTIAL 2 Company Overview COMPANY HISTORY & OVERVIEW ► ► John Energy Ltd. is the currently Leader of onshore contract drilling and workover services in India □ Headquartered in Ahmedabad □ Present Operations in India and Algeria □ Over 1,400 employees Company history: □ 1987 - John started as a tubewell drilling rig manufacturer □ 1991 – Built first workover rig and began to offer contract drilling services □ 2004 - Acquired first drilling rig ► The company owns and operates a fleet of 30 rigs which is comprised of 15 drilling rigs, 12 work-over rigs & 3 Rod Pulling Units. ► John offers additional oil field services via partnerships with international oilfield service companies ► John owns and operates a multi-functional workshop located ~50km outside of Ahmedabad that includes: □ Repairing and overhauling station □ Fabrication / refurbishment station □ Centralized chemical yard □ Consumables warehouse □ Training facility SUMMARY OF ASSETS Capacity (HP) Number Manufacturer 2000 4 Drilling Structure International, USA & Letourneau Technologies Drilling System Inc Texas, USA 1500 1 Drilling Structure International,USA 1000 - 1100 7 Load Craft Industries / IDECO,USA / Drillmec, Italy 750 – 900 5 Manufacturers from USA(4), Italy (1), China(1) 400 – 550 10 Manufacturers from USA(9) / SJ Petroleum, China(3) Pulling Units 145 3 Manufactured by JVM Engineering Co, India KEY CUSTOMERS 3 Excellent Management and Systems KEY MANAGEMENT SYSTEMS & PROCESSES ► HSE Systems □ Established HSE systems and controls. ► Experienced senior management team with cumulative experience of around 200 years of E&P experience. ► Involved in development of John Energy since inception. □ ► Significant experience operating in India and M ENA countries. □ ► Mahesh Vyas Dilip Vyas Rajendra Tyagi Jayesh Asher Rajesh Sabnis Managing Director Director Operations Chief Operating Officer Actively involved with company operations ► 20 years of experience in material ► 28 years of experience in the E&P industry ► Vast experience in Procurement, Planning and execution of Project & Operations ► ► Chief Financial► 20 years of experience in private companies Officer ► History of working with oil field service companies Senior Vice President – ► Business Development Qualified engineer with 20 years of experience in the E&P industry as well as a private service company in different roles from Graduate Engineer to Head of Business Development HSE Training Actively managed training program. Training classrooms at workshop. Monthly training sessions either internally prepared or sourced by 3rd party experts. IMS International (Quality Management System standard) □ High level of quality control. □ Actively set new IMS goals annually. Company wide ERP system □ Enables tracking of rigs, inventory and finances. □ System upgraded recently, positioned to handle future growth from the company. □ □ □ ► Founder of John Energy ► management and oil field service industry Quarterly HSE audit of each rig to test and continually improve QHSE. 2013-14 RCRD rates below the IADC industry standard rate. HIGH QUALITY WORKFORCE ► Over 1,400 employees - key personnel has extensive experience - median supervisor experience of ~15 years in oil and gas industry. ► Three-year rotation training program attractive to new candidates ► Valuable labor pool for international operations and potential for a partner to leverage John’s workforce for their own operations CONFIDENTIAL 9 Turnover of John Energy Limited: TURNOVER [Rs. In Million (MM)] Rig Name Make / Model 5,000 4,500 Year: 2013-14 5189 Million 4,000 3,500 T U R N O V E R 3,000 2,500 2,000 1,500 1,000 500 1990 1995 YEARS 2000 2005 2010 2015 CONFIDENTIAL 10 Strong Growth and Operational Experience Make / Model Rig Number GROWTH CHART 1000 HP 2000 HP 100 T 30 T 50 T Year of Purchase DRILLING RIG ACTIVITY – LAST 3 YEARS SR NO. RIG HP NO OF WELLS METERAGE DRILLED (M) 1 JOHN # 10 750 30 53,709.00 2 JOHN # 12 1000 8 20,876.00 3 JOHN # 14 1000 16 26,303.00 4 JOHN # 15 760 53 33,682.00 5 JOHN # 16 2000 14 32,490.00 6 JOHN # 17 1500 9 26,441.00 7 JOHN # 18 1100 85 119,380.00 8 JOHN # 19 1100 22 52,590.00 9 JOHN # 20 2000 4 17,164.00 10 JOHN # 23 750 24 44,778.00 11 JOHN # 26 2000 5 17,732.00 12 JOHN # 28 1100 21 35,386.00 13 JOHN # 29 1100 16 30,016.00 307 CONFIDENTIAL 510,547.00 20 TOTAL Varied Drilling /Workover Experience STANDALONE DRILLING SERVICES: Rig Name INTEGRATED DRILLING PROJECTS Make / Model Successfully drilled more than 490 wells (More than 863,513 meter). Our experience consists of providing services in diverse areas spreading from the Deserts of India and Africa, Eco-sensitive National Parks of Africa, Sub-zero Conditions of Former CIS countries & Difficult Terrain of Himalayan Range. We have experience of Drilling Gas wells, Oil Wells, High Pressure High Temperature wells. Successfully completed 04 Rigs (03 nos. rigs of 750 HP and 01 no. rig of 1000 HP) Integrated Service Contract (i.e. including Cementing, Mud Engineering & Directional Drilling Services) for a period of three (03) years for Oil & Natural Gas Corporation Limited. Successfully completed Integrated Service Contract (i.e. including Cementing, Mud Engineering & M-ETP Services) for 01 no. Rig of 2000 HP capacity for a period of three (03) years for Oil & Natural Gas Corporation Limited. Wells drilled deeper than 5,000 meters. COMPLETION & WORK-OVER SERVICES We have successfully executed Well Completion & Work-Over services on more than 3600 wells. With our state of the art Work-over / Completion Rig John#21, we have successfully completed 316 wells in remote Rajasthan deserts of India for Cairn India Limited during March 2009 to till date. This rig is specifically designed with unique hydraulic jack based skidding system for Cairn’s Rajasthan Operations. This system enabled Rig to move 8 mtrs within the pad in a matter of 2-2.5 hrs without lowering the mast with pipes 1000 mtrs. racked in. This is an example of our technical excellence and commitment towards providing best of the services to our esteemed client like Cairn India Limited in order to develop and CONFIDENTIAL 20 sustain long term business relationship. CONT’D Rig Name Make / Model DRILLING IN SAHARA DESERT (ALGERIA) DRILLING IN HIMALAYAN MOUNTAIN RANGE) CONFIDENTIAL 20 CONT’D DRILLING OF HP HT WELLS Rig Name Make / Model DRILLING IN ECO-FRAGILE ENVIRONMENT CONFIDENTIAL 20 Overseas Experience In our quest of increasing our global footprint, we started our Makea / Model operations in KazakhstanRig inName 2007 with 1000 HP drilling rig which were successfully sustained for a period of 05 (five) years. During this tenure we have drilled more than 50 wells in range from 2000 – 3180 mtrs. COMPLETION CERTIFICATE FROM SONATRACH We forayed into the African continent in 2010 by successfully executing a contract in an eco-sensitive area located in a natural park in Uganda. Further we are proud to announce our association with M/s Sonatrach (Upstream Drilling Activities Dept.), National Oil Company of Algeria since award of the first contract for one each of 1500 HP & 2000 HP rigs for a period of 2 years. On successful completion of the contract duration of the aforesaid rigs, pleased with the performance of JEL, M/s Sonatrach has awarded a new contract of the above mentioned rigs for 3 years on NOMINATION BASIS. Recently we have mobilised 2 Nos. of 1500-2000HP Rigs for another Sonatrach contract for a period of 3 years thus increasing our rig count in Algeria to four (04) drilling rigs in the range of 1500-2000 HP. CONFIDENTIAL 20 Wells Drilled Of More Than 3000 Meters Depth Rig Name Make / Model CONFIDENTIAL 20 Journey of John Energy Ltd WORKING IN MULTICULTURAL ENVIRONMENT Rig Name Make / Model As business has gone global over the past few decades, business success today has much to do with a company’s ability to understand and respect the communities in which it operates. We have provided drilling services in Kazakhstan (for more than 5 years) and successfully executed the project working with Polish, Russians, Kazakhs & Ukrainians. We are providing drilling services in Algeria which include Nationals & people from European & American Continent. We have learnt approaches to time management, project planning, problem-solving and decision-making, to make hand-offs between sites in different time zones. Identified best practices for working virtually with peers across time zones and cultural differences CONFIDENTIAL 20 Recent Awards of Contracts MEDIUM CAPACITY RIG CONTRACTS HIGH CAPACITY RIG CONTRACTS Contract for 1500-2000 rig /from Rig NameHPMake Model Oil & Natural Gas Corporation Ltd. for a period of Three years in Assam, India. Contract for 1000-1200 HP rig form National Thermal Power Corporation for One (01) year in Gujarat, India. Contract for 1200-1500 HP rig from Indian Oil Corporation Ltd. for Gujarat, India. Contract for 1000-1100 HP rig from Cairn India Limited for two & half (2 ½) years in Rajasthan, India. Contract for 02 nos. of 1500-2000 HP Drilling Rigs from Sonatrach for three (03) years in Algeria. Repeat contract for 02 nos. (One each) of 1500 HP & 2000 HP rigs from Sonatrach for three (03) years in Algeria. Contract for 1500-2000 HP rig from Cairn India Limited for drilling 02 + 01 HT wells in Andhra Pradesh, India. Contract for 900-1000 HP rig from Mercator Petroleum Ltd. for drilling of 02 + 01 wells in Gujarat, India. Contract for 900-1000 HP rig from Gujarat State Petroleum Corporation Ltd. for drilling of 02 wells in Rajasthan, India. Contract for 1000-1200 HP rig from Joshi Technologies International Inc. for drilling of 05 wells in Gujarat, India. WORK-OVER RIG CONTRACTS Contract for 50T – 80T workover rig from Oil & Natural Gas Corporation Ltd. for a period of One year in Ahmedabad, India. Repeat contract for 02 nos. (one each) of 550 HP rigs (one rig with skidding system) from Cairn India Limited for three (03) years in Rajasthan, India. Contract for 450-550 HP WO Rig with skidding system from Cairn India Limited for three (03) years in Rajasthan, CONFIDENTIAL India. 20 Contract for 550-750 HP WO Rig with side tracking facility from Cairn India Limited for three (03) years in Rajasthan, India. Our Achievements Bagged 15 rig year contract for drilling rigs ranging from 750 HP – 2000 HP for Integrated Drilling from M/s. ONGC. Rig Name Make / Model Only Indian company on Kuwait Oil Company’s (KOC) “Approved Vendor List”. Extension of Contract with SONATRACH (National Oil Company) in Algeria for 3 years on Nomination Basis after an initial performance of 2 years. A testimonial on JEL’s Performance. • John #16 got recognition from Jubilant Energy for achieving 365 days LTI free. • John #21 got recognition from Cairn Energy for achieving 1096 days LTI free. CONFIDENTIAL 20 Cont’d Our Achievements Rig Name Make / Model CONFIDENTIAL 20 Certifications & Policies Rig Name Make / Model CONFIDENTIAL 20 Cont’d Certification & Policies Rig Name Make / Model CONFIDENTIAL 20