March 2018

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PRESIDENT ENERGYGrowing cash and profits

March 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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March 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 1 March 2018

Corporate Summary

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President Energy PlcLondon AIM: PPC

CURRENT ESTIMATED

ANNUALISED TURNOVER*

+/- US$55-60 MILLIONCURRENT GROUP PRODUCTION

+/- 2,500 BOEPD

RESERVES

INDEPENDENTLY CERTIFIED RESERVES

1P > 15 MMBOE

2P > 27 MMBOE

RESOURCES

*Estimated annualised for whole 2018 on basis of first two months 2018

ARGENTINA

PROSPECTIVE RESOURCES

7.68TCF

194 MMBBLS

PARAGUAY

OVER 500 MMBOE

CRETACEOUS FORMATION AND

SIGNIFICANT PALEOZOIC

RESOURCES

March 2018

Horacio Rossignoli Country Manager ArgentinaEx Sinopec and Occidental

Warren Levy Chief Operating Officer - ArgentinaEx Schlumberger

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

PRESIDENT ARGENTINE OPERATIONAL MANAGEMENT

Strong Management Team

PRESIDENT BOARD DIRECTORS

Rob Shepherd Finance Director Ex Shell

Miles Biggins Technical DirectorEx Shell

Jorge Bongiovanni Non-Executive DirectorEx Chief Petroleum Engineer, IFC

Alex Moody-Stuart Non-Executive Director Ex Schlumberger

March 2018

President Energy Share Liquidity

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MARKET CAPITALISATIONUS$175 MILLION*

*As at close of business 12 March 2018

March 2018

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-

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 – An investment “hot spot in South America”:

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 NeuquenBasin whilst benefitting from its Salta and Louisiana assets’cash flows

Current estimated Group annualized turnover ofapproximately US$55-60 million with February 2018production approximately 2,500 boepd with potential todouble within 3 years from existing assets

Significant free positive cash being generated with all capexprograms fully funded and focus on margins with January2018 earnings of US$1.3 million after all opex, G&A andfinance costs with February estimated similar

Each Production Concession is profitable at field level withincreasing free cash flow and EBITDA

Louisiana throws off US$200k per month of free cash

Current Debt level equivalent to less than estimated 1x2018 2P case EBITDA calculated after all opex, taxes andGroup G&A

Fully funded for all 2018 capex

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

March 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%

March 2018

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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 Concession President 90% and Operator, Provincial Oil

Company 10%

• 1P Certified Reserves of 4.5 MMboe and 2P Reserves 8 MMboe

• Concession producing approximately 1,700 BOPD gross from

20 producing wells

• $33/bbl netback with $65/bbl current realised price at February

2018

• Estancia Vieja Gas Field successful tests – Field to be re-

activated

Strategy - significant potential to grow at the fields

• Target to double production within 3 years

• Fully funded Multi-well in-field drilling, re-completions and

workover programme to be spread through to 2021

• Additional exploration potential

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

March 2018

Multiple Gas Drill Targets

Estancia Vieja Reactivation

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February 20183 wells tested successfully – targeting first gas production late 2018

March 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 Argentina BA head office G&A

o Five separate mature fields of 10.2 MMboe of Proven and 18.6

MMboe of Proven plus Probable oil reserves

o Significant undrilled proven undeveloped reserves and significant

exploration upside with drilling planned for 2019

Existing Puesto Guardian Concession, Salta Province, Argentina

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Production, Significant Reserves and Long Term Benefits

March 2018

USA

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Louisiana

• Producing assets, currently some 300 boepd, generating approx US$200k per month 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

March 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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March 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.