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

₹ 245 Crore

Operated Production; FY19 - 9171 boepd | FY18 operating model - 2429 • Gross working capital ₹ 245 Crores includes ₹ 147 Crores cash • Average Gross Production from PY-1; FY19 - 1445 boepd | FY18 and

₹ 147 Crore

FY19 - 9171 boepd | FY18 operating model - 2429 • Gross working capital ₹ 245 Crores includes ₹ 147 Crores cash • Average Gross Production from PY-1; FY19 - 1445 boepd | FY18 and cash equivalent - 475

₹ 265 Crore

Y-1; FY19 - 1445 boepd | FY18 and cash equivalent - 475 • Revenue from operations increased to ₹ 265 Crores from ₹ 48 • Average Gross Production from Dirok; FY19 - 6894 boepd | Crores in FY 17-18 FY18

₹ 48

oepd | FY18 and cash equivalent - 475 • Revenue from operations increased to ₹ 265 Crores from ₹ 48 • Average Gross Production from Dirok; FY19 - 6894 boepd | Crores in FY 17-18 FY18 - 1778 Ensur

30%

-18 FY18 - 1778 Ensure Focus on Growth • Acquired Geopetrol International Inc., thereby gaining 30% PI (direct & indirect) in the Kharsang Oil field • Awarded block AA-ONHP-2017/19 (Adjacent to Diro

50%

rough existing ONGC lines Investor presentation Q4 2018-19 5000 bopd & 15 mmscfd in Phase - I 50% PI Target: June 2020 06 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D

21%

A. Field will be operated under joint operatorship model with appropriate role for HOEC ― HOEC has 21% stake in PY-3. Operates PY-1 Gas field with an offshore platform and onshore processing facilities

50.0%

ed infrastructure with upside to be exploited Investor presentation Q4 2018-19 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7

25.0%

to be exploited Investor presentation Q4 2018-19 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7 R2 Area : CB-ON/7 ― Revised

35.0%

presentation Q4 2018-19 E Asjol ; (O); PI 50.0% D North Balol ; (O); PI 25.0% C CB-ON-7; (O); PI 35.0% 3 blocks - Asjol, North Balol and CB-ON/7 R2 Area : CB-ON/7 ― Revised FDP submitted for Asjol &

26.882%

D Q UA L I T Y A S S E T P O RT FO L I O Investor presentation Q4 2018-19 A AAP-ON-94/1; (O); PI 26.882% B AA/ONDSF/KHEREM/2016; (O); PI 40.0% • Portfolio of discovered resources – Ten blocks with dis

“June 2020 06 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D B - 8 0 U P DAT ES Investor presentation Q4 2018-19 Project On-track for delivery of ‘First Oil’ by June 2020 First Oil Target June 2020 STOIIP/ GIIP 40 MMBBls/ 44 BCF Production Rate Planned activities 5000 bopd of Oil & 15 mmscfd of gas from 2 wells in Phase - I 2 new development wells.”

“of Arunachal Pradesh - Phase - I completion target is Q2 FY 21-22* 09 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D * - Subject to JV & Regulatory approvals P Y - 3 : C H A N G E I N O P E R ATO RS H I P Investor presentation Q4 2018-19 ― ONGC is assuming operatorship of PY-3 field under the PSC/JOA.”

“Field will be operated under joint operatorship model with appropriate role for HOEC ― HOEC has 21% stake in PY-3.”

Target

1

FDP approved with the following parameters

1

Tested Production

1

Company

1

Investor Relations Advisors

1

Target

June 2020 06 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D B - 8 0 U P DAT ES Investor presentation Q4 2018-19 Project On-track for delivery of ‘First Oil’ by June 2020 First Oil Target June 2020 STOIIP/ GIIP 40 MMBBls/ 44 BCF Production Rate Planned activities 5000 bopd of Oil & 15 mmscfd of gas from 2 wells in Phase - I 2 new development wells. Processing through MOPU (Mobile Offshore Processing unit) and evacuation through existing pipelines of ONGC Current Activities & Updates: Jack-up Rig (KGB) procured for conversion to MOPU - - Contract for Oil & Gas processing plant (Topsides) on MOPU awarded to EXPRO, UK - ZENTECH, USA appointed as Engineering and Project Management consultant - Discussions with suitable vendors are in progress for marine side works on MOPU and for drilling and subsea completion 07 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D Jack-Up Rig Purchased D I RO K P H A S E - I I D E V E LO P M E N T Investor presen

FDP approved with the following parameters

Reservoir OIIP/ GIIP Production Rate Upper Girujan 223 MMBBls/ 184 BCF Production to be increased to 1800 bopd from ~650 bopd Planned Activities 18 wells; Includes appraisal of deeper prospects Current Activities & Updates - RFDP & PSC extension reviewed and recommended by - Management Committee for approval by GoI Forest Clearance is obtained. Mining Lease approval under process with the Govt. of Arunachal Pradesh - Phase - I completion target is Q2 FY 21-22* 09 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D * - Subject to JV & Regulatory approvals P Y - 3 : C H A N G E I N O P E R ATO RS H I P Investor presentation Q4 2018-19 ― ONGC is assuming operatorship of PY-3 field under the PSC/JOA. Field will be operated under joint operatorship model with appropriate role for HOEC ― 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 though a 6 Km

Tested Production

➢Oil 402 bopd ➢Gas not measured • Discovered Resources: Resources DSF Data Million BBLs HOEC Internal Million BBLs STOIIP GIIP (BCF) 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 obtained. PML transfer awaited • • • 27 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D Bordumsa OCS N 6’ x 18 KM Kherem Digboi Refinery Kharsang Dirok Field 16.2 km A S S E T P O RT FO L I O & J V PA RT N E RS Investor presentation Q4 2018-19 Block Name Operator Location Oil/Gas PI Partner(s) Oil/Gas Consumers Dirok PY-1 HOEC Onshore HOEC Offshore Gas Gas 27% 100% Nil Gas – OIL India; Condensate – IOCL Gas – GAIL; Condensate – CPCL Producing CB-ON-7 HOEC Onshore Oil 35% Oil– IOCL Development N

Investor Relations Advisors

Stellar IR Advisors Pvt. Ltd. CIN: U74900MH2014PTC259212 G. Josephin Daisy jdaisy@hoec.com www.hoec.com Gaurang Vasani/ Vikash Verma vgaurang@stellar-ir.com/ vikash.verma@stellar-ir.com www.stellar-ir.com 30 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D G LO S SA RY 2P BCF GGS M-GPP MMbbls - - - - - Proved + Probable reserves RSC - Revenue Sharing Contract Billion Cubic Feet of Gas HMGPP - Hollong Modular Gas Processing Plant Investor presentation Q4 2018-19 Gas Gathering Station Modular Gas Processing Plant Million Barrels of Oil MMSCFD - Million Standard Cubic Feet per Day MMSCMD STOIIP GIIP PI PSC - - - - - Million Standard Cubic Meter per Day Stock Tank Oil Initially In Place Gas Initially In Place Participating Interest Production Sharing Contract EC - Environmental Clearance 31 | H I N D U S T A N OIL E X P L O R A TI ON C O M P A N Y L I M I T E D