John Energy Overview

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Capacity(HP)

Number Manufacturer

2000 4Drilling Structure International, USA & Letourneau Technologies Drilling System Inc Texas, USA

1500 1 Drilling Structure International,USA

1000 - 1100 7Load Craft Industries / IDECO,USA / Drillmec, Italy

750 – 900 5Manufacturers from USA(4), Italy (1), China(1)

400 – 550 10Manufacturers from USA(9) / SJ Petroleum, China(3)

Pulling Units 145 3 Manufactured by JVM Engineering Co, India

Company OverviewCOMPANY HISTORY & OVERVIEW

► John Energy Ltd. is the currently Leader of onshore

contract

drilling and workover services in India

SUMMARY OF ASSETS

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Headquartered in Ahmedabad

Present Operations in India and Algeria

Over 1,400 employees

► Company history:

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1987 - John started as a tubewell drilling rigmanufacturer

1991 – Built first workover rig and began to offercontract drilling services

KEY CUSTOMERS

□ 2004 - Acquired first drilling rig

► The company owns and operates a fleet of 30 rigs which iscomprised of 15 drilling rigs, 12 work-over rigs &

3 Rod Pulling Units.

► John offers additional oil field services via partnershipswith international oilfield service companies

► John owns and operates a multi-functional workshoplocated ~50km outside of Ahmedabad that includes:

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Repairing and overhauling station

Fabrication / refurbishment station

Centralized chemical yard

Consumables warehouse

Training facility

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Excellent Management and Systems

► HSE Systems□ Established HSE systems and controls.

KEY MANAGEMENT SYSTEMS & PROCESSES

►Experienced senior management team with cumulative experience of around 200 years of E&P experience.

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Quarterly HSE audit of each rig to test and continuallyimprove QHSE.2013-14 RCRD rates below the IADC industry standard rate.

► HSE Training

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Involved in development of John Energy since inception.

Significant experience operating in India and M ENA countries.

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MaheshVyas

DilipVyas

RajendraTyagi

JayeshAsher

Managing

Director

Director Operations

Chief Operating

Officer

Chief

FinancialOfficer

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Founder of John EnergyActively involved with company operations

20 years of experience in materialmanagement and oil field service industry

28 years of experience in the E&P industryVast experience in Procurement, Planning andexecution of Project & Operations

20 years of experience in private companiesHistory of working with oil field service companies

RajeshSabnis

Senior VicePresident –Business Development

Qualified engineer with 20 years of experiencein the E&P industry as well as a private servicecompany in different roles from GraduateEngineer to Head of Business Development

□ Actively managed training program.□ Training classrooms at workshop.□ Monthly training sessions either internally prepared or sourced by 3rd party experts.

IMS International (Quality Management System standard)□ High level of quality control.□ Actively set new IMS goals annually.Company wide ERP system□ Enables tracking of rigs, inventory and finances.□ System upgraded recently, positioned to handle future growth from the company.

HIGH QUALITY WORKFORCE

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CONFIDENTIAL

Over 1,400 employees - key personnel has extensive experience - median supervisor experience of ~15 years in oiland gas industry.

Three-year rotation training program attractive to newcandidates

Valuable labor pool for international operations and potentialfor a partner to leverage John’s workforce for their ownoperations

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Turnover of John Energy Limited:

Rig Name Make / Model

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1990 1995 2000 2005 2010 2015 -

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

TURNOVER [Rs. In Million (MM)]

5189 MillionYear: 2013-14

TURNOVER

YEARS

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

20130

5

10

15

20

25

30

35

Year of Purchase

Rig

Num

ber

50 T

30 T

100 T

1000 HP

2000 HP

Strong Growth and Operational Experience

Make / Model

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GROWTH CHART

DRILLING RIG ACTIVITY – LAST 3 YEARS

SR NO. RIG HP NO OF WELLS

METERAGE DRILLED (M)

1 JOHN # 10 750 30 53,709.00

2 JOHN # 12 1000 8 20,876.00

3 JOHN # 14 1000 16 26,303.00

4 JOHN # 15 760 53 33,682.00

5 JOHN # 16 2000 14 32,490.00

6 JOHN # 17 1500 9 26,441.00

7 JOHN # 18 1100 85 119,380.00

8 JOHN # 19 1100 22 52,590.00

9 JOHN # 20 2000 4 17,164.00

10 JOHN # 23 750 24 44,778.00

11 JOHN # 26 2000 5 17,732.00

12 JOHN # 28 1100 21 35,386.00

13 JOHN # 29 1100 16 30,016.00

TOTAL 307 510,547.00

Varied Drilling /Workover Experience

Rig Name Make / Model

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STANDALONE DRILLING SERVICES:

Successfully completed 04 Rigs (03 nos. rigs of 750 HP and 01 no. rig of 1000 HP) Integrated Service Contract (i.e. including Cementing, Mud Engineering & Directional Drilling Services) for a period of three (03) years for Oil & Natural Gas Corporation Limited.

Successfully completed Integrated Service Contract (i.e. including Cementing, Mud Engineering & M-ETP Services) for 01 no. Rig of 2000 HP capacity for a period of three (03) years for Oil & Natural Gas Corporation Limited.

INTEGRATED DRILLING PROJECTS

Successfully drilled more than 490 wells (More than 863,513 meter). Our experience consists of providing services in diverse areas spreading from the Deserts of India and Africa, Eco-sensitive National Parks of Africa, Sub-zero Conditions of Former CIS countries & Difficult Terrain of Himalayan Range.

We have experience of Drilling Gas wells, Oil Wells, High Pressure High Temperature wells.

Wells drilled deeper than 5,000 meters.

COMPLETION & WORK-OVER SERVICES

We have successfully executed Well Completion & Work-Over services on more than 3600 wells. With our state of the art Work-over / Completion Rig John#21, we have successfully completed 316 wells in remote Rajasthan deserts of India for Cairn India Limited during March 2009 to till date. This rig is specifically designed with unique hydraulic jack based skidding system for Cairn’s Rajasthan Operations. This system enabled Rig to move 8 mtrs within the pad in a matter of 2-2.5 hrs without lowering the mast with pipes 1000 mtrs. racked in. This is an example of our technical excellence and commitment towards providing best of the services to our esteemed client like Cairn India Limited in order to develop and sustain long term business relationship.

CONT’D

Rig Name Make / Model

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DRILLING IN SAHARA DESERT (ALGERIA)

DRILLING IN

HIMALAYAN

MOUNTAIN RANGE)

CONT’D

Rig Name Make / Model

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DRILLING OF HP HT WELLSDRILLING IN ECO-

FRAGILE

ENVIRONMENT

Overseas Experience

Rig Name Make / Model

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In our quest of increasing our global footprint, we started our operations in Kazakhstan in 2007 with a 1000 HP drilling rig which were successfully sustained for a period of 05 (five) years. During this tenure we have drilled more than 50 wells in range from 2000 – 3180 mtrs.  We forayed into the African continent in 2010 by successfully executing a contract in an eco-sensitive area located in a natural park in Uganda.  Further we are proud to announce our association with M/s Sonatrach (Upstream Drilling Activities Dept.), National Oil Company of Algeria since award of the first contract for one each of 1500 HP & 2000 HP rigs for a period of 2 years. On successful completion of the contract duration of the aforesaid rigs, pleased with the performance of JEL, M/s Sonatrach has awarded a new contract of the above mentioned rigs for 3 years on NOMINATION BASIS.  Recently we have mobilised 2 Nos. of 1500-2000HP Rigs for another Sonatrach contract for a period of 3 years thus increasing our rig count in Algeria to four (04) drilling rigs in the range of 1500-2000 HP.

COMPLETION CERTIFICATE FROM SONATRACH

Wells Drilled Of More Than 3000 Meters Depth

Rig Name Make / Model

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Journey of John Energy Ltd

Rig Name Make / Model

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WORKING IN MULTICULTURAL ENVIRONMENT

As business has gone global over the past few decades, business success today has much to do with a company’s ability to understand and respect the communities in which it operates.

We have provided drilling services in Kazakhstan (for more than 5 years) and successfully executed the project working with Polish, Russians, Kazakhs & Ukrainians.

We are providing drilling services in Algeria which include Nationals & people from European & American Continent.

We have learnt approaches to time management, project planning, problem-solving and decision-making, to make hand-offs between sites in different time zones.

Identified best practices for working virtually with peers across time zones and cultural differences

Recent Awards of Contracts

Rig Name Make / Model

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Contract for 1500-2000 HP rig from Oil & Natural Gas Corporation Ltd. for a period of Three years in Assam, India.

Contract for 1200-1500 HP rig from Indian Oil Corporation Ltd. for Gujarat, India.

Contract for 02 nos. of 1500-2000 HP Drilling Rigs from Sonatrach for three (03) years in Algeria.

Repeat contract for 02 nos. (One each) of 1500 HP & 2000 HP rigs from Sonatrach for three (03) years in Algeria.

Contract for 1500-2000 HP rig from Cairn India Limited for drilling 02 + 01 HT wells in Andhra Pradesh, India.

Contract for 1000-1200 HP rig form National Thermal Power Corporation for One (01) year in Gujarat, India.

Contract for 1000-1100 HP rig from Cairn India Limited for two & half (2 ½) years in Rajasthan, India.

Contract for 900-1000 HP rig from Mercator Petroleum Ltd. for drilling of 02 + 01 wells in Gujarat, India.

Contract for 900-1000 HP rig from Gujarat State Petroleum Corporation Ltd. for drilling of 02 wells in Rajasthan, India.

Contract for 1000-1200 HP rig from Joshi Technologies International Inc. for drilling of 05 wells in Gujarat, India.

HIGH CAPACITY RIG CONTRACTS MEDIUM CAPACITY RIG CONTRACTS

Contract for 50T – 80T workover rig from Oil & Natural Gas Corporation Ltd. for a period of One year in Ahmedabad, India.

Repeat contract for 02 nos. (one each) of 550 HP rigs (one rig with skidding system) from Cairn India Limited for three (03) years in Rajasthan, India.

Contract for 450-550 HP WO Rig with skidding system from Cairn India Limited for three (03) years in Rajasthan, India.

Contract for 550-750 HP WO Rig with side tracking facility from Cairn India Limited for three (03) years in Rajasthan, India.

WORK-OVER RIG CONTRACTS

Our Achievements

Rig Name Make / Model

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Bagged 15 rig year contract for drilling rigs ranging from 750 HP – 2000 HP for Integrated Drilling from M/s. ONGC.

Only Indian company on Kuwait Oil Company’s (KOC) “Approved Vendor List”.

Extension of Contract with SONATRACH (National Oil Company) in Algeria for 3 years on Nomination Basis after an initial performance of 2 years. A testimonial on JEL’s Performance.

• John #16 got recognition from Jubilant Energy for achieving 365 days LTI free.

• John #21 got recognition from Cairn Energy for achieving 1096 days LTI free.

Cont’d

Our Achievements

Rig Name Make / Model

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Certifications & Policies

Rig Name Make / Model

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Cont’d

Certification & Policies

Rig Name Make / Model

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THANKING YOU