Industry Overview

Today, we are all understanding there is a new economic reality we all must adapt. In Indo-Pacific Resources Inc. we understand the importance of this new reality and we are today practicing capital discipline, focusing on financial health, committing to climate change, and transforming business models. The industry requires new sources of long-term value, continuous improvement initiatives and requires us to adopt a far more commercial mindset, the need to bring new technologies and innovation. The goal E&P calls for targeted execution of value opportunities to complement continuous improvement efforts.

Global growth in energy consumption p.a.1

Global energy intensity (TOE/US$m)2

Tonne of oil equivalent (TOE) per million dollars.

Total US oil and gas production (MMBOED)3

Million barrels of oil equivalent per day.

Global renewable energy capacity (GW)4

Giga Watts.

Cost of utility-scale solar power (US$/MwH)5

Mean levelized cost of energy (LCOE) per Mega Watt Hour (MWHh).

Global Greenfield E&P Capex (US$bn p.a)6

(Charts from Global Strategy Group KPMG International)