S.E. ASIAENERGY DEMAND

& INFRASTRUCTURE

Slide 2

World Oil Consumption (mm bbl/day)

Slide 3

Country Production Consumption Deficit Refining

Capacity

Laos nil 17 (17) nil

Thailand 445 1,145 (700) 1,200

Vietnam 354 413 (59) 140

Cambodia nil 48 (48) nil

Myanmar 21 28 (7) nil

Total 820 1,651 (831) 1,340

S.E. Asia Oil Production & Consumption (Mbbls/day)

Slide 4

Country Production Consumption Deficit

Laos nil nil nil

Thailand 4,044 5,049 (1,005)

Vietnam 950 950 nil

Cambodia nil nil nil

Myanmar 416 117 299

Total 5,410 6,116 (706)

S.E. Asia Gas Production & Consumption (mmCF/day)

World LNG Landed Prices - November 2013

LNG Infrastructure ASEAN Region

Current & Future S.E. Asia Infrastructure

Current Rail Infrastructure in Vietnam and Thailand shown in red

Planned rail infrastructure (2-year completion) in blue

Historic unused railways in yellow

CamCan Concession boundary in orange – note future rail line runs through its center West to East.

L A O S O I L & G A SB A C KG R O U N D I N F O R M AT I O N

Laos Oil & Gas History

1935 - Oil shows were first reported in Laos in the Savannakhet area of southern Laos. 1959 - Two exploration permits awarded in 1959 to a French company, activity very limited due to

increasing regional conflicts originating and disseminating from dissention to prior French rule in Vietnam company subsequently pulled out in 1960.

1974 – With the indication of the cessation of US involvement I Vietnam, exploration activity restarted, but was quickly curtailed by spreading regional, political changes

1989 - Savannakhet ~25,000 sq km PSC signed with Enterprise Oil – regional political conflicts ended

1990 - Pakse ~28,800 sq km PSC signed with Hunt Oil –Pakse-1 well drilled in 1994

1991 Vientiane PSC signed with Monument Oil & Gas –Naxay-1 well drilled in 1996

Enterprise, Hunt retired in 1997 followed by Monument in 1998 due to:

• Advent of new and reliable horizontal drilling technology

• Oil companies focus changed to low-risk, increased exploitation of existing oil fields (Brown-Field). Exploration (Green-Field) moved to the “back burner” as higher risk.

• Low world oil prices in between $10-18 per barrel, could not generate acceptable exploration economics

9

Slide 10

Laos Oil & Gas History

2007 – Q2 Savannakhet PSC signed with Salamander Energy – Drilled Bang Nouan 1 well

2010

2011 - Salamander retired after drilling Bang Nouan 1 non-commercial gas discovery well• Well drilled in Q1-Q2, 2010 – 18 months after 2008 global financial crisis• Well experienced several problems, considerable budget over-run• Well tested but inconclusive results as not stimulated due to significant mechanical failures

and cost over-runs 2013 – (Q4) Savannakhet PSC signed with CamCan Energy Limited

Savannakhet Concession Background

• Over-looked and under-explored:• Previous political issues• Very low, world oil prices – difficult to generate viable exploration economics• Advent of new oilfield technologies – horizontal drilling• Move to focus on low-risk, Brown-Field exploitation, etc.• Q4 2008 global financial crash, difficulty to raise cash• 2012-2014, negative impact from QE3 on resource markets, particularly juniors.

Slide 11

Laos Oil & Gas History

Prospectivity• Surface topography maps underlying structures• Surface bitumen stained rocks and oil seeps• 2 wells in Savannakhet and Pakse concessions encountered positive gas shows in shale-

sand sequences• Multiple structures already identified by previous operators• Large database of legacy 2D seismic already supports the identification of multiple, large

(140 to 250 million barrel recoverable) structures Superior PSC terms Thailand & Cambodia concession sizes (~700,000 acres) are < 25% the size of

CamCan’s Savannakhet concession