February 2018

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PRESIDENT ENERGY

February 2018

Disclaimer

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The information contained in this confidential document ("Presentation") has been prepared by President Energy plc (the "Company"). This Presentation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000 ("FSMA") and therefore it is being delivered for information purposes only to a very limited number of persons and companies being: (i) persons having professional experience in matters relating to investments, i.e. investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO"); (ii) high net-worth companies, unincorporated associations and other bodies within the meaning of Article 49 of the FPO; and (iii) persons to whom it is otherwise lawful to make the Presentation. Any other person who receives this Presentation should not rely or act upon it. 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February 2018

Peter Levine (PLLG

Investments)30%

IFC (World Bank Group)

12%

Schroders Investment Management

14%

Michinoko Ltd9%

JP Morgan Asset

Management9%

Other26%

SIGNIFICANT SHAREHOLDERSas at 7 February 2018

Corporate Summary

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President Energy PlcLondon AIM: PPC

CURRENT ESTIMATED

ANNUALISED TURNOVER* (FEBRUARY 2018)

+/- US$55-60 MILLIONCURRENT GROUP PRODUCTION

(END FEBRUARY 2018 PROJECTED)

+/- 2,500 BOEPD

INDEPENDENTLY AUDITED RESERVES

1P > 15 MMBOE

2P > 25 MMBOE(ARGENTINA ONLY)

ARGENTINAPROSPECTIVE RESOURCES

7.68TCF

194 MMBBLS

PARAGUAYOVER 500 MMBOE

CRETACEOUS FORMATION AND SIGNIFICANT

PALEOZOIC RESOURCES *Estimated annualised for whole 2018 on basis of January 2018

February 2018

President Energy Share Liquidity

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MARKET CAPITALISATIONUS$180 MILLION*

*As at close of business 17 January 2018

February 2018

5

-

20,000

40,000

60,000

80,000

100,000

2017 2018 2019 2020

Argentina Consolidated Revenues (MUS$)

-

1,000

2,000

3,000

4,000

2017 2018 2019 2020

Argentina Consolidated Oil Production (bbl/day)

-

10,000

20,000

30,000

40,000

50,000

2017 2018 2019 2020

Argentina Consolidated EBITDA (MUS$)

Argentina 2P CaseManagement Estimates*

Argentina – Rapidly becoming an investment “hot spot”: right place, right

time as a proved operator in the country

Emphasis on developing and growing profitable barrels, margins and positive

free cash in the prolific Neuquen Basin whilst benefitting from its Salta and

Louisiana assets’ cash flows

Current estimated Group annualized turnover of approximately US$55-60

million with February 2018 production estimated at approximately 2,500

boepd with potential to double within 3 years from existing assets

Significant free positive cash being generated with all capex programs fully

funded and focus on margins

Each Production Concession is profitable at field level with increasing free

cash flow, transformational EBITDA

Current Debt level (US$21 million) equivalent to less than estimated 1x 2018

2P case EBITDA calculated after all opex and Group G&A

Debt of US$8m to Bank at 7.5% plus LIBOR repayable in May 2021, balance

creditline due to Peter Levine Group at 10.5% only repayable in bullet at 31

December 2021 or earlier without any penalty

Significant exploration upside in Paraguay and Argentina

Strong management team

World Bank thru IFC an equity holder with IFC audited governance,

environmental and social disciplines

Strong institutional shareholder base including Schroders and JP Morgan as

well as IFC

INTRODUCTIONA rapidly expanding, profitable Group centred in Argentina with major exploration upside

February 2018

Horacio Rossignoli Country Manager ArgentinaEx Sinopec and Occidental

Bruce Martin Group Chief Financial OfficerEx Schlumberger, Global Finance Director IPM Division

Pablo Garcia Drilling, Completions & WorkoverEx Wintershall and Chevron

Jordan Coleman Operations ManagerEx Schlumberger

Martin de Innocentis Operations Manager / HSES ManagerEx Chevron and Occidental

Victor Linari Chief GeologistEx YPF

Ignacio Zanelli Senior Production EngineerEx Chevron and Apache

Osvaldo Hinojosa Stimulations AdvisorEx Halliburton

Martin de Paola Senior Production EngineerEx Chevron and YPF

Eduardo Moreno Senior Company ManEx Chevron

President’s Management Team

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CHAIRMAN

Peter Levine Chairman & Chief ExecutiveEx Imperial Energy Plc (Founder)

PRESIDENT ARGENTINE OPERATIONAL MANAGEMENT

Strong in-country Management Team

PRESIDENT BOARD DIRECTORS

Miles Biggins Technical DirectorEx Shell

Jorge Bongiovanni Non-Executive DirectorEx Chief Petroleum Engineer, IFC

Rob Shepherd Non-Executive Director Ex Shell

February 2018

President Energy Assets

Argentina

Puesto Guardian(Five Oil Fields)

Producing (Operator)

100%

Matorras Exploration(Operator)

100%

Puesto Flores/ Estancia Vieja(Two Fields)

Producing (Operator)

90%

Ocultar Exploration(Operator)

100%

USA

East Lake Verret Producing (Operator)

50%

East White Lake Producing(Non-Operator)

22%

Paraguay

Pirity Exploration (Operator)

100%

Hernandarias(Earn In)

Exploration(Operator)

40%80%

February 2018

Argentina : Right place, right time

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President is in the right place at the right time to expand

as a recognised and experienced Operator in Argentina with

the latest acquisition giving the Company a platform for

growth in the world class Neuquen Basin

Companies now in the Neuquen Basin include Exxon

(through XTO), Shell, Total, Statoil, Chevron,

Wintershall, BP (through Pan American), Petronas

and Dow

Politically attractive

o Mid term election consolidates the business friendly path

o Economic growth rebounding strongly as recent reforms

gain traction and exports strengthen

o Domestic market hungry for hydrocarbons, still importing

o Macri ministry subsidising industry and encouraging

production by fiscal subsidies

• As a recognised Operator in Country,

President is in an excellent position to

become a mid-size producing company

by end 2018

• President has a 35 year long Production

Concession at its Puesto Guardian

Concession, Salta.

• In the Neuquen Basin President is to

partner with the Rio Negro Province

own energy company

• Majors disposing of non-core

conventional producing assets to

concentrate on shale.

• President intends to act as a

consolidator of such of these as

appropriate

February 2018

Puesto Flores Concession

January 2018 realised price US$64/bblNet Backs +/- US33/bbl

January 2018 free monthly cashflow after opex estimated US$1.3-1.5m 9

Puesto Flores and Estancia Vieja Overview

Overview

• Acquired September 2017

• Puesto Flores Oeste / Estancia Vieja Fields (175 km2, formerly

100% Chevron Argentina S.R.L.)

• 10 year Extension of Concession signed with Province, upon

ratification, President 90% and Operator, Provincial Oil

Company 10% (Currently President 100%)

• 1P Reserves of 3.6 MMboe and 2P Reserves 5.36 MMboe with

new reserves report expected February 2018 increasing both

categories

• By end February 2018 estimated to produce 1,700 BOPD from

20 producing wells

• $33/bbl netback with $64/bbl current realised price

• Successful four well workover programme commenced

November 2017 completed January 2018 under time and under

budget

Strategy - significant potential to grow at the fields

• Potential to double production within 3 years

• Fully funded Multi-well in-field drilling, re-completions and workover programme to be spread through to 2021

• Undeveloped gas & oil secondary recovery upside

• Additional exploration potential

Significant free cash flow with potential to double production within 3 years

February 2018

o Long term Production Licence to 2050 with President having already satisfied the

required financial commitment level of work programme giving ample time to

develop the fields at President’s discretion

o Operationally profitable generating positive free cash flow at field level and paying

for all Argentina BA head office G&A

o Five separate mature fields of 12 MMboe of Proven and 19.9 MMboe of Proven

plus Probable oil reserves with NPV10 over US$300M

o Significant undrilled proven undeveloped reserves and significant exploration

upside with drilling planned to re-start in 2019

o Realistic achievable target with current well stock over 1,000 bopd (now circa 600

bopd) although timing delayed due to surface facility issues which are constraining

production from flowing wells with further wells still to be put on stream

Existing Puesto Guardian Concession, Salta Province, Argentina

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Production, Significant Reserves and Long Term Benefits

February 2018

USA

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Louisiana

• Producing assets, currently some 300 boepd, generating approx US$2.5m per annum in free cash flow after all opex,

G&A and taxes

• Benefit from accrued tax losses which are being utilised giving potential for further accretive acquisitions of operated

assets

Cash Generative Operated Producing Assets

February 2018

Paraguay

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o Energy hungry Western facing democratic country with no domestic production, excellent fiscal terms and a pro-energy government

o Pirity Basin is an extension of proven-producing plays in Argentina & Bolivia but under-explored and unexploited due to historical macro-economic reasons

o President has a controlling position in the entire high-potential Pirity Basin across the border from President’s Argentine fields

o Total gross un-risked Mean Prospective Resources of 3Bln boe of oil and gas

o Farm-out underway

o Attractive Cretaceous drill ready prospect with 500 MMboe prospective resources from Cretaceous as a whole

o Extensive 2D and 3D seismic acquired with two exploration wells identifying petroleum system in Paleozoic

o Planning to drill in H2 2018

February 2018

President Energy Plc

1200 Century Way

Thorpe Park Business Park

Leeds, LS15 8ZA

United Kingdom

Tel: +44 (0) 20 7016 7950

President Petroleum S. A.

Complejo Zencity

Edificio Esmeralda

Juana Manso 1.750

3° Piso – Norte

(C1107CHJ) Puerto Madero

Ciudad Autónoma de Bs. As

República Argentina

Tel: 5411 4317 0411

Contact Details

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February 2018

Glossary

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Boe Barrels of oil equivalent

Bopd Barrels of oil per day

Boepd Barrels of oil equivalent per day

Bofpd Barrels of fluid per day

MMbbls Million barrels of oil

MMboe Million barrels of oil equivalent

MMbtu One Million British Thermal Units

Tcf Trillion Cubic Feet

NPV10 Net present value discounted by 10%

The full text of the SPE PRMS Definitions and Guidelines as to Proven, Probable Reserves, Prospective Resources and Prospect can be viewed at www.spe.org

NOTE – (i) In the unlikely event that ratification of extension to licence not granted then after a period of grace, Concession licence reverts to Province with President retaining all benefit and liabilities to that point but released from obligation to pay the US$15 million for the extension and all deferred payments. All movable assets purchased from Chevron are President’s in any event. (ii) In such event President, whilst continuing to operate the Concession, would enter negotiations with the Province for a new long term licence.

February 2018

Appendix

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1. Puesto Flores Cross Section and Strategic Play

2. Puesto Flores New Drilling Locations

3. Estancia Vieja Reactivation

February 2018

Stacked Pay - main historical focus on Punta Rosada

Puesto Flores General X-Section & Stratigraphy

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February 2018

Multi new drill opportunities of Proven Undeveloped Reserves

Puesto Flores Drilling Locations

TOP LAJAS (m SS)

PUD Location

Phase 1 Drilling (2018-2021)

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February 2018

Loma Montasa/Tordillo Development – Multiple Gas Drill Targets

Estancia Vieja Reactivation

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