Steve Crowell CEO, PLUSPETROL

1. IAPG HOUSTON - JUNE 2014 Building a Company Steve Crowell CEO, PLUSPETROL

2. Who are we? What do we look like? Why do we look like this? How do we go forward? CONTENT

3. 1 WhoAre We?

4. A private independent E&P company • More than 35 years in the industry • Operates in 7 countries, • in South America & West Africa 1. WHO ARE WE?

5. 2 What Do We Look Like?

6. Argentina Angola Bolivia Chile Colombia Perú Venezuela 2. WHAT DO WE LOOK LIKE?

7. Production: 538 MBOE/d • Reserves: 887,5 MMBOE* • Total Net Sales(PP share): 2526 MMU$S 2. WHAT DO WE LOOK LIKE? * P1/ December31st. 2013

8. 2. WHAT DO WE LOOK LIKE?

9. 2. WHAT DO WE LOOK LIKE?

10. 2. WHAT DO WE LOOK LIKE?

11. 3 Why Do We Look Like This?

12. 3. WHY DO WE LOOK LIKE THIS? We have a vision To excel as a benchmarking company among the international energy companies.

13. 3. WHY DO WE LOOK LIKE THIS? We have values Thinking beyond obvious possibilities. Taking action despite uncertainty. Being persistent.

14. 3. WHY DO WE LOOK LIKE THIS? We have a business model We reinvest for growth • Capabilities • Profitability

15. 3. WHY DO WE LOOK LIKE THIS? We have acquired skills… starting from challenges! Let’stalkaboutourprocess of growth.

16. 3. WHY DO WE LOOK LIKE THIS? 1977 / Centenario Field - Argentina • Old oil rehabilitation

17. 3. WHY DO WE LOOK LIKE THIS? 1979 / Ramos Field - Argentina • High pressure gas • Complex logistics

18. 3. WHY DO WE LOOK LIKE THIS? 1996 / Block 8 - Perú • Complex logistics • Old oil rehabilitation • High water treatment • Communities relationships • Environmental sensitivity

19. 3. WHY DO WE LOOK LIKE THIS? 1997 / Tacobo - Bolivia • High pressure gas • Complex logistics

20. 3. WHY DO WE LOOK LIKE THIS? 1998 / Centenario Field – Argentina • Tight gas / fracking

21. 3. WHY DO WE LOOK LIKE THIS? 1999 / Block 1AB - Perú • Old oil rehabilitation • Complex logistics • High water treatment • Heavy oil

22. 3. WHY DO WE LOOK LIKE THIS? • 2000 / Camisea Project – Perú • • High pressure gas • • Complex logistics • • Communities relationships • • Environmental sensitivity • Political & media relationships

23. 3. WHY DO WE LOOK LIKE THIS? 2002 / Venezuela • High pressure gas • Complex logistics

24. 3. WHY DO WE LOOK LIKE THIS? 2008 / Colombia • Heavy oil • Complex logistics

25. 3. WHY DO WE LOOK LIKE THIS? 2009 / Petroandina • Heavy oil • Sand control

26. 3. WHY DO WE LOOK LIKE THIS? • 2009 / Angola • • Complex logistics • Communities relationships • • Environmental sensitivity

27. 3. WHY DO WE LOOK LIKE THIS? 2013 / Unconventionals blocks* • Fracking * In process

28. 3. WHY DO WE LOOK LIKE THIS? 2013 / Petrodelta * * In process

29. 4 Our Development Model

30. 4. OUR DEVELOPMENT MODEL We acquire new skills out of challenges butskillsalone are not enough.

31. 4. OUR DEVELOPMENT MODEL For the Oil & Gas industry sustainability is getting • Tougher • More complex • More competitive Uncertainty grows

32. 4. OUR DEVELOPMENT MODEL • We have a vision and values that compel us to think bigger and dare to the new. • We have a business model for growthin profitability and capabilities. • We have acquired skills out of challenges. We have a development model

33. 4. OUR DEVELOPMENT MODEL A model to balance ourdecisions and manage uncertainty

34. 4. OUR DEVELOPMENT MODEL With our development model • We reduce uncertainty (we get smarter as we grow!). • We honor long term commitments with the countries where we operate. • We embrace challenges as opportunities.

35. 4. OUR DEVELOPMENT MODEL With our development model We bring true growth for Pluspetrol, for our employees, for the communities and for the host countries on a long term basis.

36. IAPG HOUSTON – JUNE 2014 Thank You