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Porto Energy Corp
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Rodman & Renshaw Conference
| Joseph Ash | Page 2 of 11 |
April 19, 2024
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• Porto Energy (PEC.V) is an Oil & Gas company with assets in Portugal • Experienced team & board with track record of value creation • Large land position (1.44 million net acres with 99% average WI) • Significant resource/ reserve potential in under-explored basin* - 1,875 mmboe Best Estimate Unrisked Resources - 427 mmboe Best Estimate Risked Resources • Existing onshore gas discovery to commercialize • Top tier fiscal terms with infrastructure to access EU O&G markets • First mover applying proven technologies not yet applied in Portugal • Leverage high WI to JV multiple onshore / offshore opportunities 2 * Based on Netherland, Sewell & Associates, Inc. (NSAI) Resource Report dated January 28, 2011, effective August 31, 2010 Executive Summary TE AM AS SE TS STR ATE GY