Hindustan Oil Exploration Company Limited

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 In co

₹ 166 Crore

Continue to maintain debt free balance sheet and low cost operating model ❑ Gross working capital ₹ 166 Crores includes ₹ 107 Crores cash and cash equivalent ❑ Revenue from operations increased to ₹ 66 Crores

₹ 107 Crore

debt free balance sheet and low cost operating model ❑ Gross working capital ₹ 166 Crores includes ₹ 107 Crores cash and cash equivalent ❑ Revenue from operations increased to ₹ 66 Crores from ₹ 64 Crores in Q

₹ 66 Crore

₹ 166 Crores includes ₹ 107 Crores cash and cash equivalent ❑ Revenue from operations increased to ₹ 66 Crores from ₹ 64 Crores in Q3 FY 18-19 Deliver Consistent Production ❑ Average Gross Operated Produc

₹ 64 Crore

udes ₹ 107 Crores cash and cash equivalent ❑ Revenue from operations increased to ₹ 66 Crores from ₹ 64 Crores in Q3 FY 18-19 Deliver Consistent Production ❑ Average Gross Operated Production Q3 FY19 - 8

50%

g freedom 3 Evacuating Gas/Oil through existing ONGC lines 5000 bopd & 15 mmscfd in Phase - I 50% PI Target: Q1 FY 20-21 H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D

26.882%

L O R A T I O N C O M P A N Y L I M I T E D | 1 1 Quality Asset Portfolio A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% • Portfolio of discovered resources – Nine blocks with di

40.0%

E D | 1 1 Quality Asset Portfolio A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% • Portfolio of discovered resources – Nine blocks with discoveries producing / ready to be deve

30.0%

ndia • Balanced portfolio – Offshore – 3 blocks/Onshore -7 blocks & Oil/Gas Kharsang ; (O); PI 30.0%* AA-ONHP-2017/19; (O); PI 100.0%* Upside potential for exploration within portfolio with infrast

100.0%

fshore – 3 blocks/Onshore -7 blocks & Oil/Gas Kharsang ; (O); PI 30.0%* AA-ONHP-2017/19; (O); PI 100.0%* Upside potential for exploration within portfolio with infrastructure for rapid monetisation F

100%

exploratory block in North East next to Dirok added to portfolio through OALP - 1 G PY-1; (O); PI 100% H PY-3; PI 21% E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0%

21%

in North East next to Dirok added to portfolio through OALP - 1 G PY-1; (O); PI 100% H PY-3; PI 21% E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% I MB/OSDSF/B-80/

Target

1

Greater Dirok Area

1

Current Activities and Updates

1

Tested Production

1

Company

1

Investor Relations Advisors

1

Target

Q1 FY 20-21 H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 6 B-80 current status Environmental Clearance • EC applied for and TOR approved on 21-Dec 2017 • EIA prepared for submission by Jan 2019 Drilling • Identifying and securing tangibles for two wells programme in FY 2019-20 • Evaluating cost-effective drilling options Subsea Pipelines • IOGPT- ONGC completed study on suitability of tapping in to existing ONGC pipelines for evacuation • Planning to execute tie-in /laying of offshore pipelines as per project schedule MOPU • Suitable jack-up rig identified for conversion to MOPU. Talks are on for close-out of contract • Exploring contracting models to minimise upfront development capex exposure Project on-track for delivery of first oil by Q1 FY 2020-21 H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 7 Dirok Phase – II development ❑ Dirok block endowed with prolific Tipam, Barail and Girujan formation - - ❑ Revised FDP envisage

Greater Dirok Area

N Kherem Digboi Refinery Kharsang Dirok Field & AA-ONHP- 2017/19 16.2 km ❑ Dirok, Kherem and Kharsang are within 50 Kms of each other ❑ 79 sq.km block(AA-ONHP-2017/19) adjoining Dirok awarded to HOEC under OALP-1. Revenue Sharing Contract signed ❑ Once completed, 35KM Margherita Gas pipeline from HMGPP will connect to Duliajan, the Gas marketing hub of North- East H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 8 Kharsang Development plan and Updates ❑ Revised FDP (RFDP) envisages drilling of additional shallow development wells ❑ Phase – I of Revised FDP envisages - - 18 development wells – includes one well which drills into deeper sands Production expected to increase from the current levels ❑ RFDP approval awaited

Current Activities and Updates

• Average Production from Kharsang till Q3 FY18-19 is 683 bopd • Well stimulation is ongoing; Production Optimization is underway in coordination with the operator • PSC extension along with RFDP submitted to DGH by the operator - Geoenpro • Optimistic on securing required forest clearance at the earliest H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 9 Kharsang Additional Appraisal Potential Significant deeper potential including Gas potential in Lower Girujan and Tipam formations to be appraised H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 1 0 Value Proposition Quality Asset Portfolio Strong Organisation Focused Strategy Uniquely placed to combine a quality asset portfolio with a strong organisation through a focused strategy to deliver superior returns H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 1 1 Quality Asset Portfolio A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% •

Tested Production

➢Oil 402 bopd ➢Gas not measured • Discovered Resources: Resources STOIIP GIIP (BCF) DSF Data Million BBLs HOEC Internal Million BBLs 3 17 10.27 54.19 • Reservoir Properties: ➢Two pay zones Girujan pay -1 & pay - 2 ➢Light oil – 38.7°API • Nearest facilities : ➢Bordumasa Oil collecting Station via 6” pipeline 18kms ➢Digboi Refinery, via 6” pipeline 30 kms Petroleum Mining Lease transfer/(PML) still awaited Effective Date Starts from the date of PML transfer Forest Clearance approved by State body. PML transfer expected by Q1 FY 19-20 • • • Bordumsa OCS N 6’ x 18 KM Kherem Digboi Refinery Kharsang Dirok Field 16.2 km H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 2 5 PY3 - Status • PY-3 field was shut-in on 31 July 2011 when it was producing 3000+ bopd without any sub- surface issues • HOEC has 21% stake in PY-3 operates PY-1 Gas field with an offshore platform and onshore processing facilities close to PY-3 field • Integration of PY-1 and PY-3 facilities thou

Company

Hindustan Oil Exploration Company Ltd. CIN: L11100GJ1996PLC029880 G. Josephin Daisy jdaisy@hoec.com www.hoec.com

Investor Relations Advisors

Stellar IR Advisors Pvt. Ltd. CIN: U74900MH2014PTC259212 Gaurang Vasani/ Vikash Verma vgaurang@stellar-ir.com/ vikash.verma@stellar-ir.com www.stellar-ir.com H I N D U S T A N O I L E X P L O R A T I O N C O M P A N Y L I M I T E D | 3 0