Focus on production growth

• Target ~50,000 bopd as 2019 exit rate by:
  • Debottlenecking current facilities
  • Optimizing production thru additional facilities
• Investing to define next phases of development by mid 2020 to go to ~100,000 bopd

Focus on cash flow and buildup of cash reserves

• Robust 2019 cash flow:
  • Strong cash flow at current oil prices
  • KRG loan repayments to continue throughout the year
• Atrush development is self funding

Focus on growth

• Management focused on growth
• Well established network of stakeholders and access to strategic opportunities
• Continuous and strong backing from main shareholders supports growth