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 Sir/Madam Sub: Investor presentation P

100%

3 8,622 7,895 9,583 10,545 10,101 FY 20 FY 21 FY 22 Q3 FY23 Q4 FY23 FY 23 > 100% 27 Months 4.5 Years 5 yr Gross Production CAGR Dirok (Assam) – FDP to First Gas Timeline B-80

rs 5

3 10,545 10,101 FY 20 FY 21 FY 22 Q3 FY23 Q4 FY23 FY 23 > 100% 27 Months 4.5 Years 5 yr Gross Production CAGR Dirok (Assam) – FDP to First Gas Timeline B-80 (Western Offshore) – FDP t

15%

t 30 mmscfd Gas Production 506 bopd Condensate Production (Q4-FY23) (Q4-FY23) Field Layout > 15% Assam Gas Production • Premium Sales during Q4 FY 23 constitute about 25% of the total Dirok sal

25%

-FY23) Field Layout > 15% Assam Gas Production • Premium Sales during Q4 FY 23 constitute about 25% of the total Dirok sales. • Central PSU Indradhanush Gas Grid Limited (IGGL) is expected to compl

30%

roduced in this field 10 Kharsang: Phase I Development Plan 424 boepd Oil Production (Q4-FY23) 30% Direct + Indirect PI 18 Number of Wells to be drilled in near future Field Overview • HOEC ac

Rs 10

for the period Other comprehensive income Total comprehensive income Earnings per equity share of Rs 10 each - Basic - Diluted Q4-FY23 Q3-FY23 141.63 9.07 150.70 39.88 19.13 (36.68) 0.20 4.91 1.63 1

20%

l Market Data 1 Year share price movement (As on 31st March 2023) Marquee Investors % Holding 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22

10%

ket Data 1 Year share price movement (As on 31st March 2023) Marquee Investors % Holding 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-

0%

ata 1 Year share price movement (As on 31st March 2023) Marquee Investors % Holding 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22

40%

e movement (As on 31st March 2023) Marquee Investors % Holding 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 H

50%

ment (As on 31st March 2023) Marquee Investors % Holding 20% 10% 0% -10% -20% -30% -40% -50% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 HOEC S

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

Approved FDP to be executed over the next two years

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Valorem Advisors Disclaimer

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Approved FDP to be executed over the next two years

• Asjol: 2 development wells & hook-up to EPS; public hearing completed • North Balol: 2 development wells & hook-up to GCS, public hearing completed • Palej: RFPSC (100 sq.km. 3D seismic & 2 exploration wells – JV signed RFPSC submitted to MOPNG through DGH) • 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 12 FINANCIAL OVERVIEW 13 Standalone Statement of Profit or Loss PARTICULARS (INR Cr) INCOME Revenue from operations Other income Total revenue EXPENSES Expenses from producing oil and gas blocks Royalty, Cess and NCCD Decrease / (Increase) in stock of crude oil and condensate Employee benefits expense Finance costs – banks and financial institutions Finance costs – unwinding of discount on decommissioning liability Depreciation, depletion and amortization Other expenses Total expenses Profit before tax and exceptional items Exceptional items Profit bef

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