Image Gallery Pictorials *

Palawan55 Exploration

& Production Corporation

* to complement flyer

Seep Confidence

Level

High: 70-90%

Med: 40-60%

Low: 10-30%

62 seeps detected:

- 4 high

- 6 med

- 52 low

Satellite mapping points to a

recurring seep considered to

possess high confidence level

Evidences of an active Petroleum

System in SC 55 block

Hawkeye 1, the first exploratory well, was a gas

discovery, confirming the presence of an active

petroleum system in the SC 55 block and

validated the pre-drilling interpretation above.

Gas Column, Oil Shows & Good Sands Encountered in Hawkeye-1

Hawkeye 1 well, although a sub-commercial discovery, firmly established the presence of a petroleum system in the block, providing the impetus for its further exploration.

High quality sands in Hawkeye 1

4

Quantitative Interpretation- Hawkeye Gas Discovery

Seismic inversion results over Hawkeye 1 confirms the AVO anomaly identified at the well location

SC 55 Regional Geologic Setting and

Hydrocarbon Plays (Post-reprocessing)

CINCO

EAGLE

Schematic

geologic

interpretation

of key seismic

profiles reveals

a variety of

petroleum plays

6

EAGLE Prospect (Zoom out)Eagle Prospect

Depth map of Eagle

prospect, a fault-bounded

succession of gently-folded

sand layers; representative

section at right panel

7

2 km

“Zoomed-in” inline profile of the Eagle prospect; potential hydrocarbon-

bearing deeper sand layers were not penetrated by the Hawkeye 1 well.

Eagle ProspectHawkeye 1Aboabo A-1X gas discovery to the northeast

drilled through this chaotic sequence

8Eagle Prospect (Dip)

Allochthonous

Thrust Wedge

“Zoomed-in” crossline section of Eagle

prospect emphasizes its thrust-fold character

Potential

Gas Source

2 km

9

Total Sand Probability across Eagle Prospect

2 km

Inversion results indicate

predominantly sand layers bearing

more than 50% probability of being

clean sands (yellow color horizons)

10

Total Hydrocarbon Probability across EAGLE

2 km

Seismic inversion for total hydrocarbon probability

shows greater than 50% chance of hydrocarbon

occurrence in several sand layers within Eagle

11

CINCO Prospect

Depth Structure Map

Northern Lobe

Southern Lobe

“Saddle”

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CINCO Prospect Interpreted Horizons

CINCO Prospect

Hawkeye-1

CINCO Prospect

Sub-basinSub-basin

Syn-rift

Source KitchenSyn-rift

Source KitchenPre-rift/ Syn-rift

Play Potential

DHIs

Hawkeye-1 (Discovery) Cinco prospect is strategically located to capture

hydrocarbons generated from syn-rift sequences

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Porosity Inversion of Cinco Prospect

SW NE

SW NE

Northern

LobeSouthern

Lobe

Northern

LobeSouthern

Lobe

0.3

0

0.1

5

0.0

0

Porosity inversion on Cinco revealed

several carbonate facies with their

corresponding porosity range

Average porosity of the Cinco northern lobe ranges 20 to 25%

15

Malampaya vs. Cinco Comparison

Northern

Lobe

Southern

Lobe

5 km

Present production in Malampaya comes from

the northern sector which possesses better

porosity akin to the northern lobe of Cinco