November 2015

President Energy

Corporate PresentationNovember 2015

1

November 2015

Disclaimer

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The information contained in this confidential document (“Presentation”) has been prepared by President Energy plc (the “Company”). It has not been fully verified and is subject tomaterial updating, revision and further amendment. This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services andMarkets Act 2000 (“FSMA”) and therefore it is being delivered for information purposes only to a very limited number of persons and companies who are persons who haveprofessional experience in matters relating to investments and who fall within the category of person set out in Article 19 of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the “Order”) or are high net worth companies within the meaning set out in Article 49 of the Order or are otherwise permitted to receive it. Any other personwho receives this Presentation should not rely or act upon it. By accepting this Presentation and not immediately returning it, the recipient represents and warrants that they are aperson who falls within the above description of persons entitled to receive the Presentation. This Presentation is not to be disclosed to any other person or used for any other purpose.Please note that the information in this Presentation has yet to be announced or otherwise made public and as such constitutes relevant information for the purposes of section 118 ofFSMA and non-public price sensitive information for the purposes of the Criminal Justice Act 1993. You should not therefore deal in any way in the securities of the Company until afterthe formal release of an announcement by the Company as to do so may result in civil and/or criminal liability. While the information contained herein has been prepared in good faith,neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representations or warranties(express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oralinformation made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed.Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct orindirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein orfor any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation. This Presentation may contain forward-looking statements that involvesubstantial risks and uncertainties, and actual results and developments may differ materially from those expressed or implied by these statements. These forward-looking statementsare statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results of operations, financial condition, prospects,growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events anddepend on circumstances that may or may not occur in the future. These forward-looking statements speak only as of the date of this Presentation and the Company does notundertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Presentation. Neither the issue ofthis Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved toterminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connectionwith any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access toany additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent. This Presentation shouldnot be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. In particular, this Presentation doesnot constitute an offer or invitation to subscribe for or purchase any securities and neither this Presentation nor anything contained herein shall form the basis of any contract orcommitment whatsoever. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations andtaking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjectivejudgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters. You should be aware of the risks associated with this type of investment and thatin emerging markets such as Argentina and Paraguay; the risks are far greater than in more developed markets (including significant legal, economic and political risks) and that theCompany could potentially lose the benefit of its assets in Argentina and Paraguay. You acknowledge the high number of expenses and difficulties frequently encountered bycompanies in the early stages of development, particularly companies operating in emerging markets and you should be aware that this may lead to the loss of your entire investment.Neither this Presentation nor any copy of it may be (a) taken or transmitted into Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or the United States ofAmerica (each a “Restricted Territory”), their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933(as amended)) or (c) distributed to any individual outside a Restricted Territory who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation tobuy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any such case except in compliance with anyapplicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comesshould inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

November 2015

“OUR TWO OBJECTIVES ARE BLACK AND WHITE”

(1)“Unlock the true worth of our significant core assets by increasing production of our reserves and superior capital discipline to build financial strength

(2)Create exponential growth in shareholder value through the blue sky potential of our unique portfolio of on-shore exploration assets in high return energy countries“

Peter LevineCHAIRMAN

Mission Statement

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November 2015

Section 1 – Company Overview

o Investment Highlights

o Company Overview

o Management and Significant Shareholders

o Core NAV Viewpoint and Net Backs

o Future Plans

Section 2 – The Core Reserves and Producing Asset Base

o Argentina

o Louisiana

Section 3 – Blue Sky Potential

o Paraguay

o Argentina

Section 4 – Corporate and Social Responsibility

o Corporate Governance

o Social Responsibility

Notes, Glossary and Image Index

Appendices

o Argentina Exploration Technical

o Paraguay Exploration Technical

Index

4

November 2015

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Section 1

Company Overview

November 2015

o Existing oil production in Argentina and Louisiana with potential for significant near term growth

o Independently assessed 1P oil reserves of 11 MMbbls and 2P oil reserves of 18 MMbbls in Argentina with Louisiana in addition to that*

o Achieving US$70 per barrel in Argentina and WTI price in Louisiana

o A world class onshore exploration portfolio of 13.68 Tcf of unrisked mean Prospective Gas Resources and 676.6 MMBblsof unrisked mean Prospective oil and condensate Resources in 9 selected prospects only **

o The exploration portfolio in the right energy hungry addresses promising potential exponential shareholder returns

o Second largest shareholder the World Bank through its IFC subsidiary reflects that the Company adopts world standard corporate governance, health and safety standards and environmental protections

o Core Net Asset Value of 20p per share excluding all assets in Paraguay and exploration assets in Argentina***

Investment Highlights

6

*Argentina per Gaffney Cline & Associates Report Sep 23 2015 and Louisiana per PPC 2014 Annual Report **Management estimates on an un-risked mean basis for 3 prospects in Argentina and 6 prospects in Paraguay. President equity assumed 80% in Hernandarias Block***RBC analyst note dated October 2015

November 2015

Market Statistics

Symbol PPC

Share Price 7.00p**

Number of Shares Issued Share CapDiluted Share Cap

525,320,628 635,407,136

Market Capitalisation GBP36.8M**

Enterprise Value GBP40.8M**

Core Net Asset Value 20p per share excluding all exploration***

Brokers RBC / Peel Hunt

Analysts Nathan Piper / Werner Riding

Production and Reserves*

NPV 10 Value(Argentina Only)

US$329 Million

Production 585 bopd****

Reserves (Argentina Only)

1P 11 MMbbls

2P 18.1 MMbbls

3P 23.1 MMbbls

Company Overview

7*Gaffney Cline & Associates report Sept 2015**Amounts correct as at 12 November 2015***RBC analyst note October 2015****Information correct as at Interim Report and Accounts RNS of 30 September 2015

Financial

The latest financial reports are available on the Company’s website www.presidentenergyplc.com

November 2015

Directors & Senior Management

Peter LevineChairman & CEO

o Founded the FTSE250 Company Imperial Energy Corp Plc and served as Executive Chairman until its US$2.4 Blnsale in 2009

o Sole beneficial owner of PLLG Investments, a 19.35% owner of President Energy

o Former Chairman of the then FTSE 250 Severfield-Rowen Plc and also Keltbray Plc

Miles BigginsChief Operating Officer

o A Petroleum Engineer and former Shell employee for 14 years focused on business development

o Before joining President worked as a Business Development Manager at Northern Petroleum since 2004

Ben WilkinsonGroup Finance Director

o Chartered Accountant with a Bachelor of Science in Economics

o Formerly of BDO Stoy Hayward, Ben went on to work in Oil & Gas Corporate Finance with ABN Amro before joining President

Dr David A L JenkinsDeputy Chairman & Senior Independent Non-Executive Director

o Distinguished career in Oil & Gas spanning 37 yearso Served as Chief Geologist and General Manager for BP

exploration and went on to become Chief Executive Technology and Chief Technology Advisor to the CEO

o Served as Director of BHP Billiton Plc for 9 years

Rob ShepherdNon-Executive Director

o Petroleum Engineer trained with Shello Former Vice President for Emerging Markets Oil & Gas at

ABN-Amroo Former Non-Executive Director of Imperial Energy Plco Former CFO of Dominion Petroleum and CEO of Azonto

Petroleum

Significant Shareholders* %

Peter Levine / PLLG Investments 22.32

International Finance Corporation 14.16

Schroders Investment Management 9.89

Michinoko Limited 8.97

Substantial Shareholders*

PLLG IFC Michinoko Schroders Other

Management & Significant Shareholders

8* As notified to the Company as at 12 November 2015

November 2015

Core Net Asset Value and Netbacks

9

$50/bbl

$70

-15%

-$2

-$5

0%

-2.6%

0

10

20

30

40

50

60

70

Current SP RBC Total NAV*

Pence

Per

Share

Valuation per share

Example Price

Royalty

Other Tax

Transport

Opex

Corp Tax**

Net Back /bbl

$30/bbl

$50

-$5

-$7

-10%

-10%

Example Price

Transport

Opex

Corp Tax

Net Back /bbl

Core NAV

NAVExploration

Argentina – Per Barrel Net Back Actual(of each incremental barrel)***

Paraguay – Per Barrel Net Back Projected(Hernandarias Block Example)

*RBC Analysts note October 2015**Corporation tax 0% due to carried forward tax losses

Louisiana – Per Barrel Net Back Actual

$28/bbl

$50

-$16

0%

-13%

Example Price

Severance Tax

Corp Tax**

Net Back /bbl

Opex

Royalty

*** Current Production covers base costs

November 2015

Production – Near Term Plans

Argentina

Increase Production by;

o Workovers of old shut-in wells using latest technology to support

and enhance existing wells

o Development drilling program with the goal of achieving the

independently assessed 2P field production peak of 4,500 bopd and

to benefit from high oil prices in Argentina and a 35 year concession

term**

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*Management estimates on an un-risked mean basis for 3 prospects in Argentina and 6 prospects in Paraguay. President equity assumed 80% in Hernandarias Block**The 4,500 bopd is the independently assessed 2P production peak evaluated in Gaffney Cline & Associates Report 23 Sep 2015

Exploration – Future Plans

Overview

President has a number of world class on-shore exploration prospects

with blue sky potential in Argentina and Paraguay each energy hungry

countries with combined unrisked mean Prospective Resources of 13.68

Tcf gas and 676.6 MMBbls oil and condensate*, any one of which will

have a ‘seismic’ difference to the value of the Company. The objective

whether alone or in conjunction with other parties is to make focused,

cost efficient exploration, discoveries catalysing exponential growth and

shareholder value.

Paraguay

o Exploration of 6 Tcf Gas and 482.6 MMBbl oil and condensate in

6 key prospects whether solely or through consideration of

strategic partnership / farm-out

o A large portfolio of over 30 further prospects and leads still

being evaluated

Argentina

o Exploration of the 7.68 Tcf and 194 MMBbl condensate in 3

deep gas prospects whether solely or through consideration of

strategic partnership / farm-out

November 2015

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Section 2

Core Reserves and Producing

Asset Base

November 2015

The Fields

o Located in Salta Province, in the North West of Argentina

o Five Fields in Puesto Guardian Concession comprise of 633 SqKm

o Puesto Guardiano Canada Grandeo Pozo Escondidoo Martinez del Tineo (“MDT”)o Dos Punitas

o Long term Puesto Guardian Concession expires 2050 with 10 year renewals thereafter

o Matorras and Ocultar exploration licences of 2,203 SqKm provides protection acreage to deep gas prospect in MDT (see later)

Chronology

Date Event

1937 Discovery of field by YPF

1980’s Peak production of 9,000 bopd achieved

2011 President buys 50% non-operated interest

2013 President awarded 100% of Matorras and Ocultar exploration licences

2014 President buys remaining 50% interest and gains operational control

2015 President achieves Concession extension to 2050First successful workovers carried out under President’s operatorship 12

Argentina

*Gaffney Cline & Associates Report 2015

November 2015

Production with Premium Potential

o Puesto Guardian - A concession which produced over 9,000 bopd with old technology in the 1980’s

o 18MMbbls independently assessed 2P Oil Reserves*

o Independently assessed NPV10 of 2P Oil Reserves of US$329M*

o Currently producing 315 bopd**

o Independent assessment that field capable of producing a peak of 4,500 bopd on a 2P basis with projected future development scheme of President*

o Premium realisation prices being achieved for production of US$70 per barrel

o Significant exploration potential with mean unriskedProspective Resources of 7.68 Tcf of Gas and 194 MMBbls Condensate*** with a realisable gas price of US$7.5 per MMbtu

o Infrastructure in place with two wholly owned Independent Central Processing Units capable of processing 6,000 bofpd in aggregate

Argentina

0

2

4

6

8

10

12

14

16

18

20

2011 2012 2013 2014 2015

Rese

rves

(MM

bbls

)

300% Increase in Independently Assessed 2P Oil Reserves Over 4 years

*Gaffney Cline & Associates report 23 September 2015** Information correct as at the date of the Interim Report and Accounts RNS of 30 September 2015 ***Management estimates for 3 deep gas prospects

13

0

20

40

60

80

100

120

2011 2012 2013 2014 2015

US$ P

er

Bbl

Argentina Realised Price V’s WTI Premium to Current World Prices

Brent WTI Argentina Average Realised Price $/bbl

November 2015

Argentina Work Over Programme 2015/16

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Well On stream Date

Initial ProductionRate (bopd)

Shut-inDate

CumulativeProduction

(kbbl)

Last Production Rate (bopd)

Action

DP-12 1985 270 2015 224.4 40 Simple recompletion

DP-10 1986 500 2006 503.4 20 Stimulation trial of shut-in well

PART I – FIRM PROGRAM

PART II – FURTHER WORKOVERS

Wells Action

9 Subject to successful stimulation trial in DP10 follow on program in producing wells and newly worked over wells. Production potential of 200bopd (included in high case)

o The paramount objective is to take advantage of the high regulated oil price to generate free cash flow with each incremental barrel giving a net back of US$50/bbl

o Two workovers to provide immediate production uplift with 9 more contingent on success of a stimulation trial

o Path to further workovers and field development drilling and re-investment for further growth

o 15 month payback on low case

Production(30 day WI)

(bopd)*

High**

Part I Firm

Program Capex

68 88 356

Low Mid

US$1.5m***

Part I Firm

Program

Each new barrel gives a net back after opex and tax of US$50

MDT-11 1976 500 1979 79.4 92 Follow on recompletion from successful MTD-12 workover Q2 2015

PG-13 1981 1470 2011 1909.3 72 Milling stuck packer

PART I – CONTINGENT PROGRAM

*All production ranges are Management Estimates**High case production includes 200bopd potential from Contingent Program requiring further re-investment from successful Firm Program above Firm Program Capex*** Funded by Company’s available resources

November 2015

Argentina Reserves Work Programme 2016-2020

15*Timing and capital cost subject to availability of equipment and financing. After first US$20M/30M spend targeted to be self financing thereafter from cashflow**Management Estimates of gross unrisked mean prospective resources

Booked Reserves & Resources Activity Plan

Category MMB No. Locations Program Capital Cost

Proved Undeveloped

9.5 17 Drilling program to bring reserves into

long term productionUS$20-30M*

Probable and Possible

12.1 21 Extended drilling program TBC

MDT Gas Prospect519.8

MMBoe**1 Exploration

Deeper leg of one of proved undeveloped wells

US$3M extra cost for deeper leg

PART III – NEAR TERM DRILLING PROGRAM

o The development drilling program has been designed with self-sustainability in mind and the goal of achieving the independently assessed 2P field production peak of 4,500 bopd

o An initial spend of US$20-30M is projected to achieve the necessary continued cash flow level that will self-sustain further development drilling. This funding is targeted to come out of development lending and/or farm-out, particularly taking into account President’s 100% ownership of the reserves and the MDT large gas prospect (see below)

o To maximise well productivity and ultimate recovery, the field development will include programs to optimise completion designs, particularly in the carbonate reservoirs, as well as pressure support in field areas where it is required.

o The large MDT deep gas prospect would be addressed by the lower leg of one of these development wells for maximum economy and to minimise exploration costs

November 2015

Work Over Performance (2013-2015)

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Well On stream Date

Initial ProductionRate (bopd)

Shut-in Date CumulativeProduction

(kbbl)

Last Production Rate (bopd)

Frac 30 day WI

(bopd)

Frac22 month average (bopd)

Workover & Frac cost* (USD MM)

PE-7 1982 206 1986 110 20 193 92 1.75

EXAMPLE – Q3 2013 FRAC PROGRAM WELL

o President was the Technical Operator for the Q3 2013 Frac Program and Operator/100% Licensee for the Q2 2015 Workover Program

o The Q3 2013 frac program proved sustainable commercial production can be obtained by this form of stimulation. Requires campaign economics and crestal reservoirs (away from water)

o The Q2 2015 Workover program proved commercial production at low unit cost on old shut-in wells without stimulation

o The Q4 2015 Workover Program will investigate a lower unit cost form of stimulation than fraccing that can be used in all old wells

o Future drilling and workover campaigns will incorporate the most cost effective stimulation techniques

* Cost is per well including pre and post frac workovers as part of a 3 well campaign if carried out in 2015

Well On stream Date

Initial ProductionRate (bopd)

Shut-in Date CumulativeProduction

(kbbl)

Last Production Rate (bopd)

Workover 30 day WI

(bopd)

Workover 4 month average (bopd)

Workovercost

(USD MM)

MDT-12 1977 140 1979 48.3 56 47 42 0.49

EXAMPLE – Q2 2015 RECOMPLETION PROGRAM WELL

November 2015

Louisiana

Low Cost Profitable Production

o Cash generative even on current low oil and gas prices

o Generating US$2.5M of free cash post US tax at current prices

o Operated field located at East Lake Verret

o Non-operated field located at East White Lake

o Currently running at 270 bopd*

o US$360,000 p.a additional fee income for facility services

o Low cost of operations and management

o Previous tax losses means profits sheltered for next 3 years

17

* Information correct as at Interim Report and Accounts RNS of 30 September 2015

November 2015

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Section 3

Blue Sky Potential

November 2015

Paraguay Asset Overview

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Macro

o A world class on-shore exploration play in an energy hungry Western facing democratic country with excellent fiscal terms and a pro-energy government

o Paraguay has no domestic production of liquid hydrocarbons and a negligible amount of gas production from one small well in the North

o President’s three current concessions being the Hernandarias, Pirity and Demattei blocks represent a contigunous land block of 34,507 Km2 covering almost the entire prospective Pirity Rift Basin in NW Paraguay

o This basin is an extension of the Olmedo Sub-Basin on the Argentine side of the border

o In the 2014 drilling campaign, President demonstrated the extension into Paraguay of Paleozoic source and reservoir rocks analogous to those proven in NW Argentina and in Bolivia

o With excellent fiscal policy including 10 – 14% royalty incentives and a 10% corporate tax rate Paraguay is a most promising country for exploration

Micro

o After extensive 3D and 2D seismic acquisition together with reprocessing of old seismic President drilled two exploration wells on Pirity block in 2014

o The wells demonstrated live Paleozoic source rock and identified the presence of mobile hydrocarbons in Paleozoic formations

o There remains undrilled in the Pritiy block a series of significant Cretaceous prospects defined by President’s 2013 3D seismic survey, being the Jurumi Complex with one of these prospects, Tapir now drill ready

o In H1 2015 President acquired new 2D seismic over prospects in the Hernandarias block and there has been identified a further large Paleozoic structural prospect which is a compelling target to drill on a risk reward ratio

o Management Estimates of mean unrisked prospective resources for the 6 main prospects in Pirity and Hernandarias are 6 Tcf Gas and 482.6 MMBbls oil and condensate

o A detailed technical analysis is set out in the Appendices

November 2015

Paraguay

November 2015

Paraguay

21

Date Event

2012 President farms in to Pirity & Demattei Concession

2013 780 SqKm of 3D seismic data and over 1,000 Km of 2D seismic data acquired with old seismic reprocessed

2014 President farms in to Hernandarias Block and initially acquires 40% with further 40% to earn-inDrilled the Jacaranda and Lapacho exploration wells in Pirity ConcessionPresident completes earn-in and acquires in total 64% of PirityConcession

2015 603Km of 2D seismic data acquired in Hernandarias Block and old seismic reprocessedPresident acquires full 100% interest in Pirity Concession

Name Interest Held Future Actions

Hernandarias

40% with further 40% to earn-in on further US$10.5M of drilling spend

before 2019

Further analyse geological and geophysical aspectsDrill the Boqueron target

Pirity 100%Further consideration of Palezoic re-entry wells / prospectsTapir Cretaceous prospect to drill

Demattei10% with 54% remaining to be

farmed-inGeological and geophysical review

The Paraguay Concessions

BoqueronProspect

Jacarandax-1 Well

Lapachox-1 well

Chronology – 3 Years of Rapid Action

November 2015

Paraguay Selected Key Resources*

22

Product Marketso Growing Paraguay marketo Current demand 30,000 bopd producto Chaco topping plant can supply diesel and gasoline from 2015

onwardso Develop local markets for power / GTLo Export product markets

o Brazil / Chile / Argentina

Crude Oil Exportso New pipeline to Asuncion, export by rivero Tie-in at Villamontes for Bolivia and Chileo Tie-in at Campo Duran for Argentina

Natural Gas Exportso Tie-in at Villamontes for Brazil and Argentinao Tie-in at Campo Duran for Argentina

Country Key ProspectNet Mean Unrisked

MMboe

Pirity Concession* Lapacho / Paleozoic (1 prospect) 1,023.5

Jurumi Complex Cretaceous (4 prospects) 342.5

Hernandarias Concession** Boqueron (1 prospect) 116.0

TOTAL 1,482.0

Routes to Market

*Management Estimates for 6 key prospects only based on seismic and RPS Report 23 January 2014 for the Jurumi Complex **Management estimate on basis of gas case and full earn in of 80% of Block (for oil case with net mean unrisked 294.4 Mmboe refer to appendices)

November 2015

Argentina Deep Gas Prospect Summary

23

Overviewo The Martinez Del Tineo (“MDT”) deep gas /

condensate Paleozoic prospect sits directly below proven and probable oil reserves in the MDT field, Puesto Guardian Concession

o The gas prospectivity extends to both the Matorrasand Ocultar licence areas

o Whilst the prospect was identified in 2012, extensive analysis including reprocessing of seismic and outcrop studies have now been made

o The de-risking of the prospect has been assisted by this work and the identification of Paleozoic source rock and hydrocarbons in the two wells drilled by President in 2014 across the border in Paraguay

o The result of this analysis and studies are reflected in the table on the next slide, initially published in September 2015

o The prospect can be explored by the deeper leg of an oil production well at the MDT field thereby saving costs and reducing risk

o Current gas prices are running at US$7.5 MMbtumaking the multi-Tcf prospect compelling as to the size of the prize on a risk reward ratio

o A detailed technical analysis is set out in the appendices

Well location

November 2015

Argentina Resources Summary

24

LicensePresident Energy

ProspectMean Unrisked

MMBoeMean Risked

MMBoe

Puesto Guardian 100% Martinez del Tineo - Deep 519.8 130.6

Matorras 100% Lomas de Olmedo Deep - South 477.7 120.9

Matorras 100% Lomas de Olmedo Deep - North 476.4 120.6

TOTAL 100% 1473.9 372.1

Statement of Hydrocarbon Prospective Resource VolumesPuesto Guardián Area & Matorras, Argentina

The Total Prospective Resource numbers shown above as at 30 June 2015 are Management Estimates and reflect the standalone Resources for each Prospect, which are then aggregated.

Routes to Market

Gas Monetisation Optionso Gas sales through pipelineo GtP (own use and commercial)o GtL

PipelineSales Gas Tie-in Options

o 75-125Kmo $48-80 million (estimated cost)

Oil Monetisation Optionso Trucking to local Refinor (YPF

refinery) as existing transport of Presidents crude

o P/L to Refinoro Own Topping Plant

November 2015

25

Section 4

Corporate and Social

Responsibility

November 2015

26

Corporate Governance and Social Responsibility

o As a Company in which the World Bank, through its subsidiary the IFC is the second largest shareholder, President adheres and maintains to world standards of corporate governance within the subjective parameters of the needs of the business and shareholders

o Corporate governance statements are contained in the Annual Reports of the Company and in addition to standard imposed by the IFC in its subscription agreement President is committed subject to the above, to comply with the broad principles of the Combined Code for AIM listed companies

o President is committed to maintaining high standards of health and safety, environmental and social performance across all its oil and gas exploration and development operations. Our aim is to create a well governed, sustainable business with a strong sense of social responsibility which has a positive impact in the countries in which we operate.

o Social responsibility includes ensuring fair pay and conditions for all employees and those of contractors who work with us

o The indigenous populations in the areas in which we work are both consulted and their interests are taken into account

o Fair and transparent contributions are made to assist those populations where appropriate and President always respects the fact that we are visitors in each of the areas of our operations and behaves as a good corporate citizen on each relevant level

o President recognises the significant environmental considerations attached to its operation, and in particular its drilling operations. Minimising the impact by its business and operations is therefore of primary importance to the Group

o Copies of Presidents Anti-Bribery Policy, HSE Policy and Payments to Governments are contained on the Companies website

November 2015

Notes and Glossary of Terms

27

AAPG American Association of Petroleum Geologists

AIM Guidelines Guidance covering the preparation of documentation for Disclosurepurposes for Mining, Oil and Gas Companies dated June 2009 (the “AIMGuidance Note”)

AVO Amplitude variation with offset

B Billion

bbls Barrels

bofpd Barrels of fluid per day

DHI Direct hydrocarbon indicator

EAGE European Association of Geoscientists and Engineers

EI The Energy Institute

Km Kilometre

m metres

M Thousand

MM Million

Mstb Thousand stock tank barrels

MMstb Million stock tank barrels

MMscf/d Millions of standard cubit feet per day

MMstb Million stock tank barrels

sq km Square kilometres

stb Stock tank barrels

scf Standard cubic feet

SPE Society of Petroleum Engineers

SPEE Society of Petroleum Evaluation Engineers

TD Total Depth

TVD True vertical depth

TVDSS True vertical depth (sub-sea)

WPC World Petroleum Council

PROSPECTIVE RESOURCES

Those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations.

Potential accumulations are evaluated according to their chance of discovery and, assuming a discovery, the estimated quantities that would be recoverable under defined development projects. It is recognised that the development programs will be of significantly less detail and depend more heavily on analog developments in the earlier phases of exploration.

ProspectA project associated with a potential accumulation that is sufficiently well defined to represent a viable drilling target.

Project activities are focused on assessing the chance of discovery and, assuming discovery, the range of potential recoverable quantities under a commercial development program.

The full text of the SPE PRMS Definitions and Guidelines can be viewed at:

www.spe.org

IMAGE INDEXPage 1 – Puesto Guardian Main Production Facility, ArgentinaPage 4 – PG1001 Well, Argentina Page 6 – Oil Storage tanks at MDT12 field ArgentinaPage 7 – Inspection at PG1001, ArgentinaPage 11 – Drilling rig at Puesto Guardian, ArgentinaPage 17 – Production Facility, East Lake Verret, LouisianaPage 19 – Entrance to Puesto Guardian Facility, ArgentinaPage 25 – Watering hole in the Chaco, Paraguay

November 2015

Appendices

28

o Argentina Exploration Technical – Can be found on the website of President Energy under Investor Information > Investor Presentations

o Paraguay Exploration Technical – Can be found on the website of President Energy under Investor Information > Investor Presentations (other previous technical information is located in the same section)