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Porto Energy Corp
TD Securities London Energy Conference
| Joseph Ash | Page 5 of 11 |
February 28, 2015
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"Porto Energy Corp"
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Portugal ?Compelling Investment Environment Natural gas pipeline Refinery ?Top tier fiscal terms ?0% Royalty (< 6,125 bopd) to 9% (>10,200 bopd) Maximum 7% royaltyfor onshoregasproduction PORTUGAL Porto concession area ? Maximum 7% royalty for onshore gas production ?29% income tax rate on corporate net profits Infrastructure accesstomarkets ? Infrastructure ? access to markets ?340,000 bopd processing from two refineries ?450 mmcfd pipeline with available capacity SPAIN ? Modern highways and benign topography? Favorable pricing of oil and gas ?Crude tied to Brent ?European gas market pricing 5? Stable government with political will