Hindustan Oil Exploration Company Limited

Rae Served As A Whole

time member of the 7th Central Pay commission and was on the Board of Indian Oil

rs,

ode: HINDOILEXP The Corporate Relationship Department BSE Limited, 1st Floor, P. Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Stock Code: 500186 Dear Sirs, Sub: Investor Presentation Pursu

100%

7,243 8,622 7,896 2,428 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 > 100% 27 Months 4.5 Years 5 yr Gross Production CAGR Assam – FDP to First Gas Timeline B-80 – FDP to

rs 5

2,428 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 > 100% 27 Months 4.5 Years 5 yr Gross Production CAGR Assam – FDP to First Gas Timeline B-80 – FDP to First Gas Timeline 3 Bo

15%

7.7 mmscfd Gas Production 572 boepd Condensate Production (Q4-FY22) (Q4-FY22) Field Layout > 15% Assam Gas Production • In addition to OIL India, gas is supplied to four other buyers at premiu

40%

plied to four other buyers at premium price • Premium sales during Q4 FY 2021-22 constitute about 40% of total Dirok sales • Cumulative production crossing the milestone of 50 BCF of gas and 1 MMB

30%

roduced in this field 12 Kharsang: Phase I Development Plan 476 boepd Oil Production (Q4-FY22) 30% Direct + Indirect PI 18 Number of Wells to be drilled in near future Field Overview • HOEC ac

21%

land acquisition for FDP is under implementation • Field under shutdown since July 2011 • HOEC has 21% non-operating stake in PY-3. Operates PY-1 Gas field with an offshore platform and onshore processi

rs 40

to PY- 3 field • PSC extended till 2030 • Last production (100%) - 3,300 boepd HOEC PI JV Partners 40% 10% 21% AA-ONHP- 2017/19 (Greater Dirok) • Block awarded under OALP Bid Round 2019 • Explorat

10%

field • PSC extended till 2030 • Last production (100%) - 3,300 boepd HOEC PI JV Partners 40% 10% 21% AA-ONHP- 2017/19 (Greater Dirok) • Block awarded under OALP Bid Round 2019 • Exploratory bl

Rs 10

for the period Other comprehensive income Total comprehensive income Earnings per equity share of Rs 10 each - Basic - Diluted Q4-FY22 Q3-FY22 38.24 6.08 44.32 5.46 6.59 1.82 0.04 1.51 1.41 3.00 1.0

150%

24 7.36 6.77 1,185.15 9.88 4.09 1,035.84 20 Capital Market Data HOEC S&P BSE Oil & Gas Index 150% 130% 110% 90% 70% 50% 30% 10% -10% Apr21 May21 Jun21 Jul21 Aug21 Sep21 Oct21 Nov21 Dec21

130%

36 6.77 1,185.15 9.88 4.09 1,035.84 20 Capital Market Data HOEC S&P BSE Oil & Gas Index 150% 130% 110% 90% 70% 50% 30% 10% -10% Apr21 May21 Jun21 Jul21 Aug21 Sep21 Oct21 Nov21 Dec21 Jan22

“The revenue share for intermediate points will be calculated by linear interpolation.”

Approved FDP to be executed over next two years

1

Valorem Advisors Disclaimer

1

Approved FDP to be executed over next two years

• Asjol: 2 development wells & hook-up to EPS • North Balol: 2 development wells & hook-up to GCS • Palej: RFPSC (100 sq.km. 3D seismic & 2 exploration wells – JV signed RFPSC submitted to MOPNG through DGH) • Public Hearing completed as part of Environment Clearance Process successfully on 18 Jan 2022 for future development campaigns in Asjol and North Balol • Small volume of Associated Natural Gas (ANG) sale commenced to achieve zero flaring Asjol JV Partner CB-ON/7 (Palej) JV Partners North Balol JV Partners GNRL Cambay Cambay Gujarat 14 Other Blocks Kherem Umatara PY-3 • Block awarded under DSF - 2016 • Tested - Oil 402 bopd • Field Plan- 2 wells to be completed in 3 years from date of receiving PML • Forest Clearance (FC) in final stages. NoC for FRA obtained, PML to be processed after FC • Block awarded under DSF - 2018 • Located at a distance of 50 km from Dirok field • Jointly operated by IOC (Lead operator) & HOEC • Environmental Clearance granted on 22 April 2022. Tendering p

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further information please contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: hoec@valore