Stratum has a significant asset in the Poduri field

Stratum is developing a large gas-condensate commercial discovery in the Poduri field.

In 2016 Stratum made a significant oil discovery which is under technical and commercial evaluation

Current production is ~5500 boepd gas-condensate from 5 wells.

Peak production is expected to exceed 30,000 boepd gas-condensate from over 40 wells.

Stratum has an excellent track record of fiscal discipline and debt repayment.

The company has a strong management team with proven execution ability.

Stratum has focused on developing Poduri since 2008

Poduri has multi TCF gas condensate upside and over 100 mm-bbls black oil reserve potential

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Stratum has a manageable development work commitment

Stratum work plan-2