JOC key metrics

Ophir capex to 1st gas $150 million (20% of equity funding)
Ophir equity in the JOC 33.8%
Total project capex to first gas c.$2 billion

($450-500 million upstream and $1.5 billion midstream)

Total estimated project cash flow per annum (@ FOB $6/mmbtu) c.$420 million gross, post debt

c.$140 million net to Ophir, post debt

Annual production 2.2-2.5 mmpta
Ophir’s expected 2P reserve additions 115 mmboe
Total resource monetised 2.6 TCF
Ophir’s expected production c.16,000 boepd