Why Work at Point Resources? ‘An Exciting and Rewarding Environment’ At Point Resources our aim is to establish a lean, efficient and flexible organisational structure based around a core team within critical disciplines. With a business culture focused on delivery, performance and value creation, Point Resources is a dynamic place for motivated industry professionals to come together to work with us to build an outstanding E&P team for the future. By deploying contractors and consultants to supplement the core team, we will successfully develop operational capability in non-core disciplines. This allows significant flexibility when activity levels change, and supports peaks of activity such as drilling and concession rounds. We are always interested in people who have the right attitude and commitment to thrive in a creative, commercial, results-driven environment. Phone: +47 24 04 54 80 info@pointresources.no

CEO Introduction I am delighted to be leading the management team of the newly formed Point Resources. Our financial strength, the experience and track record of our combined organisations and the exciting opportunities in our portfolio of fields, discoveries and exploration licences create a robust platform for growth. At a time when the industry faces challenging and changing market conditions, we believe that this is a time of opportunity for companies with a strong capital base and that scale and diversification are key components for future success. Added to this, we believe that the NCS remains a highly attractive province with vast resource potential. With a substantial capital base provided by our specialist investor, HitecVision and efficient financing structures in place, the management team will use its proven technical and commercial experience and expertise to grow the Company into a scalable size. We aim to achieve this organically, through the M&A market, licensing rounds and innovative swap packages. We strive to play an important role in the re-shaping of the players on the NCS where we see an emerging market for strong independents to increase their share of reserves, production and operatorships. Our aim is to develop Point Resources into a leading independent oil company with a combination of production, development projects and an active exploration programme. Phone: +47 24 04 54 80 info@pointresources.no