Camcon Oil Limited

1. Camcon Oil Limited Ian Anderson, Chief Operating Officer

2. Camcon Oil Limited Owners of innovative, disruptive technology Challenges for Innovative Product Developers • Develop product for superior performance • Introduce product to an established market • Step up to the “technology push back” challenge • Find early adopter to “champion” the product • Secure access to full test facilities • Establish reference installations IDEC, 2013, May 2013

3. Camcon Oil Limited Owners of innovative, disruptive technology Challenges for Innovative Product Developers • Set out program to build credibility and presence • Develop product strategy for market share • Secure long term business development funding • Understand and develop supply chain channels • Establish reference installations • Encourage users to embrace technology solutions IDEC, 2013, May 2013

4. Electronic Gas Lift Why develop an intelligent, electronic gas lift product? ‘Side Pocket’ techniques lack flexible control and operation • Well and field optimisation difficulties • Labour intensive operations • Frequent well interventions necessary • Single point gas injection with fixed port size • Injection pressure operated • Occasional lost wells due wire line failure • Little or no attention given to development IDEC, 2013, May 2013

5. Electronic Gas Lift - APOLLO New generation Electronic Gas Lift Product Not just “incremental change” to existing techniques • Intelligent and flexible operation • Remove reliance on Injection Pressure Operation • Multiple orifice injection flow control • Real time gas injection changes • Pressure/Temperature readings at injection point • Continuous production without intervention • Field wide optimisation and control IDEC, 2013, May 2013

6. Electronic Gas Lift - APOLLO Bringing intelligent operation to Gas Lift techniques Optimising well and field wide production • Improves operations efficiency for oil production • Prolongs efficient oil production • Reduces operational costs of production • Supports real time gas injection changes • Eliminates well intervention for gas changes • No operations “overhead” for real time optimisation IDEC, 2013, May 2013

7. APOLLO - Intelligent Electronic Gas Lift Side Pocket Gas Lift I need to be here!! Production Rate Gas Injection Rate IDEC, 2013, May 2013

8. APOLLO - Intelligent Electronic Gas Lift Intelligent Electronic Gas Lift APOLLO is here!! Production Rate Gas Injection Rate IDEC, 2013, May 2013

9. APOLLO - Intelligent Electronic Gas Lift A move away from “side pocket” valve techniques Production Tubing Installation • No wire line intervention • Six independent gas injection points (3.5” config) • Injection orifices customisable: 0.06” to 0.22” • Surface control for down hole unit • Power only when switching injection conditions • Two pressure sensors IDEC, 2013, May 2013

10. APOLLO - Intelligent Electronic Gas Lift Generic Technology and Intellectual Property Binary Actuating Technology • Permanent magnets hold armature against a spring • Armature held in one of two stable positions • No power required to hold armature in stable state • Short electric pulse applied to break magnetic hold • Stored energy catapults armature to opposite state • Kinetic energy recaptured and stored in spring IDEC, 2013, May 2013

11. APOLLO - Intelligent Electronic Gas Lift Gas Flow to Production Tubing Pressure protection valve Actuator Gas injection orifice Actuated check valve Production tubing check valve IDEC, 2013, May 2013

12. APOLLO - Intelligent Electronic Gas Lift Controlled intelligence from the surface Cable clamped to production tubing • Three wire connection to surface • ¼” incoloy cable protection: 40,000 psi • Supply power to actuator drivers • Power only to change open/close state • Transmit communications to/from unit • Transmit pressure/temperature readings IDEC, 2013, May 2013

13. APOLLO - Intelligent Electronic Gas Lift Surface Control Box Remotely driven from control room • Provides communications and power to unit • Receives data from the unit at injection points • Set for local or remote operation • 24V DC or 115 … 230 VAC • Suited to solar powered applications • RS-485 communications protocol • MODBUS interface protocol IDEC, 2013, May 2013

14. APOLLO - Intelligent Electronic Gas Lift Product Summary Key Operating Features and Benefits • Deviated and heavily deviated wells • Depleted and unstable wells • Real time gas injection rate changes • Real time pressure and temperature readings • No intervention required for changes • Not injection pressure dependent • Field optimisation and control • No intervention scheduling for gas injection changes IDEC, 2013, May 2013

15. Camcon Oil Limited Business Development priorities in India • First installed units in Oman – on-going • Business and product introduction to: • Oil Operators • Potential local business partners • Identify and secure early adopters for pilot programs • Identify and secure appropriate business partner • Establish an APOLLO user reference base in India IDEC, 2013, May 2013

16. Camcon Oil Limited Summary APOLLO is a digital, intelligent, electronically controlled, real time gas injection product that is installed within the production tubing. This eliminates the need for side pocket mandrels, wire-line retrievals or any well intervention technique to make changes to the gas injection rates required to maintain efficient production. This enables the delivery of significant operational benefits and enhancements to the oil operators, introducing management and operational control far beyond the current capabilities of existing solutions. IDEC, 2013, May 2013

17. Camcon Oil Limited