Corporate presentation

October 2014

Disclaimer

2

This presentation is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute anoffer, solicitation or sale in the United States or Nigeria or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.The information contained in this presentation has not been audited by independent auditors or other third parties and is based on internal records and reportingsystems.

Certain statements in this report regarding our prospects, plans, financial position and business strategy may constitute forward-looking statements. Forward-lookingstatements generally can be identified by the use of forward-looking terminology such as “may”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”,“believe” or “continue” or the negative of these terms. All forward-looking statements, including discussions of strategy, plans, objectives, goals and future events orperformance, involve risks and uncertainties. While we believe these statements to be reasonable, they are merely estimates or predictions and cannot be relied upon.We cannot assure you that future results will be achieved. Factors, risks and uncertainties that may cause actual outcomes and results to be materially different fromthose indicated, expressed, projected or implied in the forward-looking statements used in this report include, among others:

•the concentration of our primary reserves and resources in one geographic region pursuant to one agreement, the Strategic Alliance Agreement;•allegations that negatively portray our business, operations and assets, including but not limited to the Strategic Alliance Agreement, our interest in the OMLsand relationships with third-parties;•a failure to agree upon the interpretation or application of certain contractual terms with our contractual counterparties with respect to the Strategic AllianceAgreement;•logistical and operational difficulties associated with operating in Nigeria;•changes in governmental regulation, including regulatory changes affecting the availability of permits, and governmental actions that may affect operationsor our planned expansion;•the exposure to increased market risk and uncertainty as a result of operating in an emerging market;•the inability to obtain funds to maintain our ongoing operations, grow our business and complete planned projects;•delays, disruptions and disputes with third-party operators, partners and other project participants;•limited growth in Nigerian domestic demand for gas;•price fluctuations in oil, gas and refined products markets and related fluctuations in demand for such products;

This list of important factors is not exhaustive. When relying on forward-looking statements, you should carefully consider the foregoing factors and otheruncertainties and events, especially in light of the political, economic, social, and legal environment in which we operate. Such forward-looking statements speak onlyas of the date on which they are made. Accordingly, we do not undertake any obligation to update or revise any of them, whether as a result of new information,future events or otherwise. We do not make any representation, warranty or prediction that the results anticipated by such forward-looking statements will beachieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely scenario.These cautionary statements qualify all forward looking statements attributable to us or persons acting on our behalf.

3

Seven Energy at a glance

December 14

Seven Energy is an indigenous Nigerian oil and gas exploration, development, production and distribution company with a vision to become the leading supplier of gas to the Nigerian domestic market for power generation and industrial consumption.

Key facts

200 MMcfpd gas processing facility

227 km network of gas pipelines

600 MMcfpd gas distribution capacity

354 MMboe 2P + 2C reserves and resources

51,600 bopd average gross oil production (2013)

First commercial delivery of gas in January 2014

Integrated player in Nigerian oil & gas

Seven Energy at a glance

• Business consists of two types of operations onshore in Nigeria:

- Upstream oil and gas exploration, appraisal, development and production; and

- Midstream gas processing, distribution, sales and marketing

Upstream Midstream

Reserves & resources

Lower risk exploration focused on relatively secure areas onshore Nigeria

Development & production

On-stream assets and near-term development assets

Processing

Gas processing capacity in close proximity to key demand areas

Distribution

Existing network of pipelines linking supply with demand

Sales & marketing

Established long-term gas sales agreements with customers

232MMboe 2P NPDCStrategic Alliance

Agreement

200MMcfpd

Gas processing capacity

227km

Network of gas pipelines

3Long-termtake-or-pay agreements122MMboe 2C

4

Seven Energy has a strong track record …

History

5 December 14

… of development, commercialisation and M & A

Acquisition of GOGE (renamed Seven Energy (BVI)) (UquoField)

Strategic Alliance Agreement entered into with NPDC for the development of OMLs 4, 38 and 41

Buy-out of a division of Weatherford International and merger with ExoroEnergy

2007 2008 2009 2010 2011 20132012 2014

Completion of a23 km pipeline from the Stubb Creek Field to Qua Iboe and the 62 km pipeline from Uquo to Ikot Abasi

Acquisition of 62.5% interest in Universal Energy (Stubb Creek Field)

Train 1 of the UquoGas Processing Facility commissioned (100 MMcfpd processing capacity)

Oil deliveries from the Uquo Field and Stubb Creek Field to export terminal at Qua Iboe to commence

Right of Way acquisitions and clearing complete and construction commenced on pipeline from Uquo to Oron to supply the Calabar NIPP power station

Acquisition of East Horizon Gas Company (“EHGC”)

Commercial gas deliveries to the Ibom Power station commenced

Entry into a 20-year, 80% take-or-pay gas sales agreement to supply 131 MMcfpdof gas to the CalabarNIPP power station

Train 2 of the UquoGas Processing Facility commissioned (additional 100 MMcfpd processing capacity, taking the total to 200 MMcfpd)

Construction of the Uquo to Oronpipeline to complete and commercial deliveries to the Calabar NIPP power station to commence

Acquisition of SRL 905 (OPL 905)

Entry into a 10-year, 100% take-or-pay gas sales agreement to supply 43.5 MMcfpd of gas to the Ibom Power station

$255 million equity investment by the International Finance Corporation (“IFC”), IFC ALAC Fund and Temasek

$400m raised in the High Yield Bond market, refinancing existing debt

• Upstream assets encompass:

– South east Niger Delta – Uquo and Stubb Creek Fields (oil and gas)

– North west Niger Delta – OMLs 4, 38 and 41, via Strategic Alliance Agreement with NPDC (oil and gas)

– Anambra Basin – OPL 905 (gas)

• Group 2P + 2C reserves and resources of 354 MMboe, of which the 2P reserves are 232 MMboe

• Midstream activities include significant gas infrastructure to supply the power sector and industrial customers, including:

– 200 MMcfpd gas processing facility

– 227 km of gas distribution pipelines with 600 MMcfpd of gas distribution capacity

• Seven Energy’s vision is to be the leading supplier of gas to the domestic market for power generation and industrial consumption

• The Group aims to use its first mover advantage in the domestic market to maximise stakeholder value through sustainable long-term growth along the value chain from upstream to midstream

Seven Energy is a unique business …

Business

6 December 14

Gas Receiving Facility near Ibom Power Station

Pipeline from Uquo to Ikot Abasi

… operating along the value chain from upstream to midstream

Locations

7 December 14

Our upstream and midstream assets are located onshore Nigeria …

… in relatively secure locations in the Niger Delta and Anambra Basin

Nigeria presents significant growth opportunities …

Market overview - gas

8 December 14

• At 179 Tcf, Nigeria benefits from having the largest gas reserves in Africa

• However, these reserves are highly under-developed owing to an historic focus on oil – Nigeria is only ranked 23rd in terms of gas production in the world (vs 9th in terms of proved gas reserves)

• Of this, only 14% reaches the domestic market, with the majority being exported as LNG, flared or used in E&P

• Supply for the domestic Nigerian gas market is estimated to remain tight until at least 2020, if not 2025

• In addition, Nigeria has very little processing and distribution relative to its reserves, production and potential demand

• Of its c.2,000 km of gas pipelines, only a third is dedicated to domestic consumption with the remaining being dedicated to LNG exports

• Although there are a number of ongoing and planned infrastructure projects, Nigeria is likely to remain infrastructure constrained for the next 10 to 15 years

Breakdown of use of Nigeria’s gas production (2012)

Supply and infrastructure

24%

24%38%

14%

Flared

Upstream use

Exported

Power industry and other

9

30

48

65

179

UK

Netherlands

India

Egypt

Nigeria

3

3

5

6

7

India

Nigeria

Egypt

UK

Netherlands

4

8

9

14

29

Nigeria

Egypt

Netherlands

India

UK

Proved gas reserves (2013)Tcf

Total gas production (2013)bcfpd

Gas pipelines‘000 km

… for indigenous players like Seven Energy

Strong forecast growth in gas demand …

Market overview - gas

9 December 14

• Large, growing population of 174 million, the largest in Africa. In addition, the population is young and rapidly urbanising

• Fast growing economy (6.9% p.a. forecast from 2013 to 2019)

• However, the pace of economic growth is constrained by lack of investment in infrastructure, chronic power shortages and a reliance on expensive diesel for power generation

• In addition, Nigeria currently imports the vast majority of its consumed petroleum products (with $17.5 billion spent annually for power generation alone)

Strong growth in domestic demand for gas

Compelling economics to switch from diesel to gasFast growing market

Power sector reforms

• There is increased focus by the Nigerian Government to develop power infrastructure to support growth …

• … with a target of 40 GW of installed power capacity by 2020 (vs 6 GW at present) – the majority to come from new gas fired power stations

• Strong growth in demand for gas expected (11.3% from 2012 to 2025)

• Power sector to continue to be the most important sector but with feedstock industries forecast to grow the fastest

22.21

Ibom Power Calabar NIPP UniCem Diesel

2012 2015 2020 2025Light domestic industry Gas powered industries Feedstock Power

Bcfpd

1.8

3.6

5.2

7.2

Weighted average price: $2.80

… due to demographic and economic growth and power sector reforms

$/MMbtu

Nigeria’s significant oil reserves and shift in focus by IOCs …

Market overview - oil

10 December 14

• Nigeria has significant oil resources, and an economy that is reliant on the revenues from these resources (c.96% of export earnings and c.40% of the Nigerian Government’s revenues)

• The majority of Nigeria's oil reserves are found in the Niger Delta, with additional oil reserves being found offshore in the Bight of Benin, the Gulf of Guinea and the Bight of Bonny

• IOCs have been active in Nigeria since the 1950s and NNPC, the state-owned oil company, and its subsidiary, NPDC, have majority stakes (55-60%) in most fields. The IOCs (e.g. Shell, Chevron, Total, ExxonMobil, Eni) act as partners and operators on these fields

• The IOCs have shifted their focus from onshore projects to LNG and deepwater offshore exploration and production due to a strategic switch to large projects with less security risk

• Since 2009, the IOCs have undertaken a programme of divestment of onshore Niger Delta interests. Shell has been at the forefront of this, with 2 disposal rounds completed to date (OMLs 4, 38 and 41 and OMLs 26, 30, 34 and 42). Chevron and Conoco are currently in divestment processes

• Combined with strong political backing for the development of an indigenous oil industry, these divestments provide opportunities for indigenous players to grow their asset base

Proved oil reserves – Africa (2013)

Oil production – Africa (2013)

49

37

13 12

4

Libya Nigeria Angola Algeria Egypt

2,322

1,8011,575

988

714

Nigeria Angola Algeria Libya Egypt

Bnbbl

Mbopd

… means opportunity for indigenous players

With fully integrated upstream to midstream operations …

Integrated business model

11 December 14

Commercialisation

Seven Energy nurtures and adds relationships with both indigenous companies and IOCs, delivering key benefits for employees, customers and communities by acting as an active, reliable and valued partner with high QHSEE/CSR standards. Through the partnerships entered into to date, Seven Energy has built a reputation for having reliable technical, operational and financial capabilities, and will continue to bring these capabilities to existing and future relationships

Reserves & resources

ProcessingDevelopment & production

Distribution Sales & marketing Cashflow

Grow and diversify resource base by pursuing lower risk oil and gas exploration, appraisal and M&A opportunities in areas considered to be relatively secure, onshore Nigeria

Evaluate and focus on near-term development and production assets to maximise production and convert contingent resources into reserves

Expand processing capabilities in line with expected growth of production and demand

Connect to new gas offtakersand reach additional demand centres by constructing new and supplementing existing network of pipelines along with other methods of distribution

Drive and expand existing customer relationships, whilst identifying and evaluating new offtake opportunities

Re-invest the significant majority of generated cash flows into the business to drive further growth, whilst servicing the obligations of the capital structure

Corporate social responsibility

… Seven Energy has a unique access to a fast growing market

Upstream Midstream

Seven Energy’s upstream assets …

Upstream - overview

12 December 14

… constitute a well diversified portfolio

North west Niger Delta South east Niger Delta

OMLs 4, 38 and 41

Indirect 55% licence interest through the Strategic Alliance Agreement with NPDC

Operator: Seplat

2P+2C gross reserves and resources of 400 MMbbl of oil and condensate and 2.3 Tcf of gas

Average gross production: 51,600

Matsogo Field [sold October 2014]

Marginal field in OML 56, 49% licence interest

Operator: Chorus Energy

Undeveloped and held for sale

Uquo Field

Marginal field in OML 13, 40% licence interest

Operator: Frontier Oil

2P+2C gross reserves and resources of 650 Bcf of gas

Stubb Creek Field

Marginal field in OML 14, 51% licence interest held by Universal Energy

Operator: Universal Energy (62.5% owned by Seven Energy)

2P+2C gross reserves and resources of 20 MMbbl of oil and 450 Bcf of gas

Emerging infrastructure and substantial identified demandEstablished infrastructure for distribution and export of hydrocarbons, offering access to the Lagos market and the “last mile” distribution opportunities

Anambra Basin

OPL 905

40% licence interest

Operator: GTPL

2P+2C gross reserves and resources of 425 Bcf

The operator and the outstanding interest in OPL 905 is in the process of being acquired by Seven Energy

No established infrastructure, but demand identified for LNG or CNG

354 MMboe of 2P + 2C reserves and resources …

Upstream - reserves and resources

13 December 14

• Uquo Field

– First gas production commenced in December 2013, with first commercial deliveries taking place in January 2014 to the Ibom Power station

– Current production volumes of up to 25 MMcfpd

• Stubb Creek Field

– Early Production Facility finalised and connections to export terminal nearly complete. Initial capacity of 2,000 bopd to be expanded to 8,000 bopd

– Oil production to commence in 2014

• OMLs 4, 38 and 41

– Gross average production of 51,600 bopd (2013)

– Production currently at 6 fields - Oben, Amukpe, Ovhor, Sapele, Okporhuru (from May 2013) and Orogho (from December 2013)

Oil vs gas (2P + 2C)

64%

36%

Gas Oil

Reserves and resources growth

MMboe

… and a continued focus on gas

122

232

2C 2P

OMLs 4, 38 and 41 have significant reserves and resources …

Upstream - OMLs 4, 38 and 41

14 December 14

• Seven Energy has an indirect 55% licence interest in OMLs 4, 38 and 41, via a Strategic Alliance Agreement with NPDC

• As part of the agreement, the Group funds NPDC’s 55% share of the operational and development costs of these blocks …

• … in return, Seven Energy recovers its operating costs and capital expenditures and receives an entitlement to a share of production attributable to NPDC’s interest

• Since 2010, OMLs 4, 38 and 41 have seen significant growth in production

• During 2013, average gross production increased by 55% to 51,600 bopd (2012: 33,350 bopd) ….

• … and Seven Energy’s production entitlement grew by 237% to 10,400 bopd from 3,100 bopd (2012)

• Production is now derived from 6 fields – Oben, Sapele, Ovhor, Amukpe, Okporhuru and Orogho

• The future work programme is focused on further development of these production fields, as well as appraisal and development of discoveries

• In addition, the intention would be to expand the existing gas infrastructure and transform Oben into a gas processing hub and a major provider of gas to offtakers, particularly within the power sector

OMLs 4, 38 and 41 - prospects

24,50031,300 33,400

51,600

2010 2011 2012 2013

Note: 1) Figures for 2010 are for the 5 months to 31 December 2010, since Seplat became the operator

1

Average gross production (bopd)

+111%

… with strong production track record

First gas production at the Uquo Field …

Upstream - Uquo Field

15 December 14

• Seven Energy has a 40% licence interest in the Uquo Field. The remaining 60% licence interest is held by Frontier Oil, which is also the Operator. The Group is the technical and funding partner to Frontier Oil and acts as the project manager for the Uquo Field’s development

• The Uquo Field has 2P + 2C gross reserves and resources of 650 Bcf of gas

• The field has two completed gas production wells (Uquo-2 and Uquo-4) and one completed oil production well (Uquo - 3). In addition, the Uquo - 7 and Uquo - 8ST wells have been drilled, and are scheduled for completion as gas production wells in 2014

• In December 2013, production at the Uquo Field commenced to allow testing and commissioning work at the Ibom Power station, following a programme of repairs and maintenance. Current production is up to 25 MMcfpd, to be increased during 2014 in line with the demands of its customers

• Full oil production and deliveries of oil to ExxonMobil’s Qua Iboe export terminal are scheduled to commence in 2014

Uquo Field – structure

… in December 2013

Uquo Field – wells and prospects

Stubb Creek is ideally located near the Uquo Field …

Upstream - Stubb Creek Field

16 December 14

Stubb Creek – structure• Universal Energy, a 62.5% owned subsidiary by Seven Energy, has a

51% licence interest, and is the Operator of, the Stubb Creek Field. Sinopec holds the remaining 49% licence interest in the field1

• The Stubb Creek Field is an oil asset, with considerable undeveloped, non-associated gas reserves. 2P + 2C gross reserves and resources are 20 MMbbl of oil and 450 Bcf of gas

• To date, 9 wells have been drilled on the field:

– 4 exploration and appraisal wells drilled by Shell between 1971 and 1983

– 5 development wells drilled, tested and completed between 2007 and 2009 by Universal Energy

• Oil production is scheduled to commence in 2014

• The field will be brought into production using an Early Production Facility capable of processing oil at a gross rate of approximately 2,000 bopd (with plans being finalised to increase the processing capacity to 8,000 bopd)

• This facility has been mechanically completed and commissioning work is ongoing. Construction work continues to connect the FUN manifold to ExxonMobil’s Qua Iboe export terminal

Note1) Subject to completion of assignment, which is pending consent from DPR

… and offers additional oil and gas reserves and resources

OPL 905 offers significant opportunities for …

Upstream - OPL 905

17 December 14

… the development of gas reserves and resources

• In January 2014, Seven Energy acquired SRL 905, which holds a 40% licence interest in OPL 905. The Group is currently consolidating the block’s ownership interests and will become the Operator

• OPL 905 is an undeveloped gas asset. The licence area was previously explored in the 1950s and 1960s and contains 2 gas discoveries – Ihandiago and Amansiodo

• The gross recoverable resources are estimated to be in the range of 350 – 730 Bcf

• The near term intention is to undertake appraisal and exploration activities at the field, including acquisition of 2D and 3D seismic data followed by drilling

OPL 905 – structure

Seven Energy’s midstream business is operated by Accugas, its wholly-owned subsidiary

Midstream - overview

18 December 14

Accugas is focused on supplying gas to the domestic market

• Seven Energy’s wholly-owned midstream business, Accugas, focuses on sales and marketing, processing and distribution of gas to the domestic Nigerian market

• The business has recently been strengthened with the acquisition of EHGC, which includes the 128 km East Horizon pipeline

• The Accugas business has 3 components:

– Processing: gas processing services are provided via the 200 MMcfpd Uquo Gas Processing Facility to Seven Energy’s upstream subsidiaries and joint venture partners. Similar processing services are planned to be offered to other market participants in due course

– Distribution: gas is transported through an extensive 227 km gas pipeline infrastructure from processing facilities directly to offtakers

– Sales and marketing: gas sales agreements are entered into with offtakers

• 3 long-term take-or-pay gas sales agreements are in place to sell over 1.3 Tcf of gas

– 10-year 100% take-or-pay gas sales agreement to supply 43.5 MMcfpd to the 190 MW IbomPower station

– 20-year 80% take-or-pay gas sales agreement to supply 131 MMcfpd to the 560 MW CalabarNIPP power station

– 20-year 80% take-or-pay gas sales agreement, expiring in 2032, to supply UniCem with 25 MMcfpd, contemplated to increase to 50 MMcfpd upon a planned expansion of the cement plant’s production capacity

• Spare capacity is built into Accugas’ distribution infrastructure. The business is therefore capable of providing long-term supply of gas, a lower cost fuel than most alternatives, to additional offtakers for power generation and for local industry

Seven Energy’s midstream operations are located …

Midstream - demand

19 December 14

… near areas where significant demand has been identified

Seven Energy is the only company in Nigeria …

Midstream - facilities

20 December 14

• First delivery of gas – first commercial deliveries of gas commenced in January 2014

• This followed a 4-year greenfield development programme that commenced in 2010

• At present, the Group supplies the 190 MW IbomPower station with up to 25 MMcfpd of gas

• The volumes will increase to the full contract quantity of 43.5 MMcfpd, as the remaining repairs and maintenance at the power station completes

• The construction of the Uquo to Oron pipeline is well progressed and first deliveries of gas to the Calabar NIPP power station expected by end of 2014, initially through the Ibom bypass

• When both power stations are fully operational, Seven Energy will supply gas to generate up to 750 MW of power, equivalent to more than 10% of the installed power generation capacity of Nigeria

• In addition, the acquisition of EHGC provides access to the East Horizon pipeline and the UniCem gas sales agreement where first deliveries commenced in 2012

Overview of the facilities in south east Niger Delta

… to produce gas solely for domestic consumption

Calabar NIPP power station560 MW

37 km 24-inch Uquo to Oron pipeline

Uquo Field

Uquo Gas Processing Facility

StubbCreek Field

23 km 6-inch pipeline

Stubb Creek Early

Production Facility

Oron tie-in62 km 18-inch Uquo to Ikot Abasi

pipeline

Gas Receiving

Facility

UkanafunJunction

128 km 18-inch East Horizon pipeline

Gas wellIncomplete gas wellsOil wellOil and gas wellSeven Energy gas pipelineSeven Energy oil pipelineThird party pipeline

31 km 6-inch pipeline

UniCem

Creek Town / Calabar junction

26 km 24-inch pipeline

FUN Manifold

8 km4-inch

pipeline

Qua IboeTerminal

2 km 10-inch pipeline

Ibom Power station

190 MW

26 km 24-inch pipeline (under construction)

Notes 1) Represents principal shareholders (>3.0%). Seven Energy’s equity capital is composed of ordinary shares and irredeemable convertible loan notes (“ICLNs”). The ICLNs were originally issued to ensure

majority Nigerian ownership of ordinary shares, whilst allowing access to international investors. The ICLNs are non-interest bearing, not repayable, have the same dividend rights as ordinary shares and may convert into ordinary shares at pre-determined conversion price. ICLNs have the same voting rights as ordinary shareholders and holders are party to a Securityholders’ Agreement

2) On a fully diluted basis, taking into account share options and warrants, but excluding conversion rights attached to the Company’s 10% Convertible Bond and any equity issued as a result of the EHGC and GTPL acquisitions

3) Before equity to be issued as a result of the EHGC and GTPL acquisitions

Seven Energy benefits from …

Capital structure - equity

21 December 14

Historical equity issued ($ millions)

3 7 19

7

34

70

15

120

68

42 20 12

154

31

69 77

0

33

255

0

200

400

600

800

1,000

1,200

0.0

50.0

100.0

150.0

200.0

250.0

300.0

Oct

-06

No

v-07

Jan

-08

Jun

-08

Au

g-08

Au

g-08

Oct

-08

May

-09

Dec

-09

Mar

-10

Au

g-10

No

v-10

No

v-10

Jan

-11

Jul-

11

Oct

-12

Jan

-13

Jan

-14

Ap

r-14

Equity issued Cumulative equity raised

15.4%

13.4%

9.9%7.7%

Others31.6%

3.1%

Investors1,2

Total equity funds issued as of May 2014 ($ millions) 1,0353

… a strong and supportive investor base

15.5%

ALAC Fund3.4%

Other investors include:

Seven Energy has a mix of debt instruments …

Capital structure - debt

22 December 14

Summary of current debt facilityFacility

$m Maturity date

Project Finance Facility to fund Accugas processing and pipeline infrastructure

High Yield Bond

Term loan provided by Akwa Ibom Investment and Industrial Promotion Council for Stubb Creek Field development

225.0

400.0

9.9

225.0

400.0

9.9

March 2020

October 2021

September 2017

Notes1) As at 31 October 20132) Available from March 2014. On 31 March 2014, $100 million was drawn to finance the EHGC acquisition;

in July 2014, £30 million was drawn to go towards part payment of the contingent deferred consideration. 3) Assumed as part of the acquisition of EHGC, which completed in March 2014. $52 million of this facility is

currently outstanding

• To support its growing business, Seven Energy has continued to extend and enlarge its portfolio of debt instruments

• Seven Energy continues to seek opportunities to strengthen its capital base, which recently included;

– $300m High Yield Bond (HYB) in October 2014 with international investors. 10.25% coupon / 7 year maturity / B- credit rating (Fitch / S&P)

– $100m debt from Nigerian Sovereign Investment Authority on the same terms as the HYB

• The objective is to ensure that an appropriate capital structure is in place for long-term growth, both organically and through acquisitions

Drawn(1)

$m

Acquisition Finance Facility to fund the acquisition of EHGC and its pipeline infrastructure(2) 170.0 130.0 June 2019

… provided by local banks and international investors

Total 846.9 806.9

Bank of Industry Facility, assumed as part of the EHGC acquisition(3) 42.0 42.0 June 2017

Seven Energy continues to deliver improving results …

Performance indicators - financial

23 December 14

EBITDAXRevenue

Property, plant and equipmentCapital expenditure

$ million $ million

$ million $ million

… and to invest for long-term growth

86.8102.4

345.0

0

100

200

300

400

2011 2012 2013

7.7

33.9

201.3

0

100

200

300

2011 2012 2013

215.1 232.0

508.4

0

100

200

300

400

500

600

2011 2012 2013

506.9

713.3

1,150.6

0

250

500

750

1,000

1,250

2011 2012 2013

Seven Energy continues to benefit from …

Performance indicators - operational

24 December 14

Gross average productionOperating cash flows

Total Recordable Incidence RateContracted gas volumes

$ million

Note: Illustrates the additional contract volumes secured with the acquisition of EHGC and assumes that UniCem’splanned expansion is complete by end of 2015 in order to take the increased volumes of 50 MMcf pdfrom 2016 onwards

1

-34.6

77.8

171.9

-100

0

100

200

2011 2012 2013

31,300 33,350

51,600

0

15,000

30,000

45,000

60,000

2011 2012 2013

bopd

159

1,115 1,115

242

0

250

500

750

1,000

1,250

1,500

2011 2012 2013

0.2

0.0 0.00.0

0.1

0.2

0.3

0.4

2011 2012 2013

bcf TRIR

… strong operational performance metrics

Seven Energy’s development plan is in line …

Outlook

25 December 14

… with its vision and objectives

20

14

pri

ori

ties

Upstream Midstream

• Completion of additional gas producing wells, drilling of new wells and increase Uquo Field’s gross field gas production capability to 175 MMcfpd by end of 2014

• Commencement of deliveries of oil of up to 2,000 bopdand 600 bopd from the Stubb Creek Field and the UquoField, respectively

• Continued development of OMLs 4, 38 and 41 to increase production to 72,000 bopd by year end (exceeded 70,000 bopd October 2nd, 2014)

• Commencement of exploration & appraisal work programme on OPL 905

• Exploration, appraisal and development of existing assets

• Acquisition of strategically located reserves and resources

• New licence applications to further build asset portfolio

• Development of gas reserves and resources in the StubbCreek Field, OMLs 4, 38 and 41 and OPL 905

• Integration of the East Horizon pipeline into the Group’s gas distribution network

• Readiness for first commercial deliveries of gas to the Calabar NIPP power station

• Entrance into additional gas sales agreements

• Acquisition of third-party gas to leverage the Group’s gas infrastructure

• Develop expertise and strategic partnerships for alternative gas markets such as CNG and micro LNG

• Installation of incremental processing capacity driven by gas demand

Lon

g-te

rm g

oal

s

Yemi OsinderoNon-executive Director(Standard Chartered)

Atul GuptaNon-executive Director

(CIPEF)

Ashley DunsterNon-executive Director

(CIPEF)

Robin PinchbeckNon-executive Director

(Petrofac)

Board

26

Board

Osam IyahenNon-executive Director

(AFC)

Phillip IhenachoChief Executive Officer

Dr Andrew Jamieson OBEChairman

Dr Joshua UdofiaNon-executive Director

Fidelis OditahNon-executive Director

Michael Lynch-BellNon-executive Director

Clare Spottiswoode CBENon-executive Director

Board sub-committees (all chaired by Non-executive Directors)

Audit Environment & CommunityHR & Remuneration

Independent Director

Highly experienced Board with significant industry and Nigerian expertise

Shareholder Board Representative

IFC representatives to be appointed

Chris OduNon-executive Director

(Temasek)

Chris ThomasVP Strategy and BD

20 years of industry experience

Ian Brown-PetersideGeneral Counsel

10 years of industry experience

Campbell AirlieChief Technical Officer

30 years of industry experience

Bruce BurrowsChief Financial Officer

20 years of industry experience

Management

27

Executive management team

Jeff CoreyChief Operating Officer

25 years of industry experience

Ani UmorenVP Operations

30 years of industry experience

Chidi ChukwuekeVP JV Management

20 years of industry experience

Nkem OkoroVP Wells and Services

30 years of industry experience

Senior management

Dr Glenn BestallVP QHSSE/CSR

30 years of industry experience

Abdullah BukarVP Regulatory Affairs

35 years of industry experience

Stephen TierneyMD, Accugas

25 years of industry experience

Bassey UnohVP Capital Projects

30 years of industry experience

Seven Energy has a highly experienced senior management team that combines local experience with international oil and gas industry expertise

Phillip IhenachoChief Executive Officer

10 years of industry experience

London based Lagos based

Seven Energy is proud of its diverse and talented workforce

People

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Average number of employees Headcount by activity Split of employees by location

• Seven Energy employs some 170 people, of whom 84% are located in Nigeria, with the remaining 16% being located in London. 93% of the Group’s in-country employees are of Nigerian nationality

• In addition, the Group employs a number of contractors, particularly in connection with its various infrastructure projects. As of 31 December 2013, the number of contractors utilised was approximately 130

• The Group has offices in Lagos, Abuja, Port Harcourt, Benin City and Uyo (all Nigeria) and London (UK)

• Seven Energy is committed to sustaining a work force that is both diverse and inclusive. At present, women represent 27% of itsworkforce

• The Group continues to strengthen its policies and procedures for nurturing and developing staff. The Group also tries to employ locally on the basis of merit and the ability to fill positions

158172 168

2011 2012 2013

Management

Operations andsupport staff

Administration

16%

84%

UK

Nigeria

Seven Energy’s projects deliver key benefits …

Corporate social responsibility

29 December 14

… for local communities and Nigeria as a whole

Local and national economic growthPower supply and standards of livingTraining and employment

Community projects and developments Health and safety Environment

Glossary of terms

30 December 14

“2P” Proved and probable reserves

“2C” Best estimate scenario of contingent resources

“bbl” Barrel of oil or condensate

“Bcf” Billion cubic feet

“Bcfpd” Billion cubic feet of gas per day

“Bnbbl” Billion barrels

“bopd” Barrels of oil per day

“CAGR” Compound annual growth rate

“Contingent resources”

Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent resources may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality. Contingent resources are further categorised in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterised by their economic status 1

“EBITDA” Earnings before interest, taxation, depletion and depreciation and amortisation

“GW” Gigawatt

“Mbbl” Thousand barrels of oil or condensate

“Mboepd” Thousand barrels of oil equivalent per day

“MMboe” Million barrels of oil equivalent

“MMbbl” Million barrels of oil or condensate

“MMbtu” Million British thermal unit, being the amount of energy required to heat 1 pound (0.454 kg) of water by 1˚F (0.556˚C) at a constant pressure of one atmosphere

“MMcfpd” Million cubic feet of gas per day

“MW” Megawatt

“Tcf” Trillion cubic feet

“TRIR” Total Recordable Incidence Rate

NigeriaSeven Exploration & Production Limited7 Anifowoshe StreetVictoria IslandLagos, NigeriaTel: +234 1 277 0600

Accugas Limited7 Anifowoshe StreetVictoria IslandLagos, NigeriaTel: +234 1 277 0600

United KingdomSeven Energy International Limited4th Floor, 6 Chesterfield GardensLondon W1J 5BQUnited KingdomTel: +44 20 7518 3850

Email: info@sevenenergy.comwww.sevenenergy.com