2014 PAPUA NEW GUINEA MINING & PETROLEUM INVESTMENT CONFERENCE. SYDNEY AUSTRALIA Executive Director of PNG Chamber of Mines and Petroleum, Mr Greg Anderson and Acting MD of Petromin PNG Holdings Limited, Mr Jerry Wemin at the PNGCMP’s Head office with a dummy cheque of K50,000 (Gold Sponsor) to support the Chamber host the Thirteenth PNG Mining and Petroleum Investment Conference in Sydney Australia to be held from 1st to 3rd December 2014. GENERAL OVERVIEW OF INDUSTRY The PNG oil and gas sector is experiencing an unprecedented period of activity and growth. Exploration is at an all-time high and a number of highly prospective exploration wells are planned for 2014. The world class PNG LNG Project has been completed and production well under way. PETROMIN CORPORATE GOVERNANCE AND SOCIAL RESPOSIBILITY ACHIEVEMENTS The PNG mining industry has been facing challenging times similar to many mining nations across the globe due to decreases in commodity prices, increased costs and falling productivity. 3. International Board composition with Extensive Work Experience in all Sectors of the Economy According to the PNG Chamber of Mines and Petroleum; “The junior sector is facing tough times resulting from negative sentiments in the financial markets. The mining industry is addressing these changing conditions and significant progress is being made in responding to the new environment challenges.” 5. Proven and Tested Corporate Governance Structure and High Ethical Standards Development is well under way on the Solwara 1 deep sea mining project and several of PNG’s world class mineral prospects have made further substantial progress with the recent announcement by Nautulus of the signing of the Vessel Charter Agreement in Singapore. 8. Corporate Structure reduces Petromin’s exposure to Sovereign Risk as it is Independent of the State. PETROMIN CURRENT INTERESTS  PNG LNG Project,  Moran Oil Project,  Tolukuma Gold Mine,  Investments in proposed Elk/Antelope Gas Project,  Solwara 1 Mining Project,  Licence Interest in PPL 328 - Pasca Gas Field,  8 Mineral Exploration Licenses. PETROMIN GAZETTED NOMINATIONS IN EMERGING PROJECTS PETROLEUM PROJECTS:  Stanley Condensate/Gas Project  Ketu/Elevala Gas Project.  Other Petroleum Retention Licences MINERALS PROJECTS:  Wafi Golpu Copper Gold Project  Yandera Copper Molybdenum Project  Frieda River Copper Gold Project 1. Prime Minister of Papua New Guinea (PNG) is the Trustee Shareholder of Petromin PNG Holdings Limited on behalf of all Citizens of the Country. 2. Independent Trust Management Structure with Trust Deed Compliance 4. Rigorous Fit and Proper Person Test for all Directors including the Managing Director 6. More than 600 Employees with Diverse Experience and Expertise in Oil, Gas and Mineral Sector 7. 99% National Workforce from all Regions of Papua New Guinea 9. Competent, Stable, Decisive and Transparent State owned Company 10. Extensive International Strategic Alliance and Network of Specialist Advisors and Service Providers 11. Passed Solvency Test since Petromin’s inception 12. No Qualification as per PWC and Deloitte Independent Audit since inception using International Accounting Standards 13. Observance and Conformance of International Environmental Standards & Social Policy with our International Business Partners 14. Paid more than K300 million in Taxes & Dividend to the State since inception 15. Experience in Mineral, Oil & Gas Explorations and Operations 16. Proven Portfolio Management and Assets Growth record from an initial Seed Capital of K200,000 17. Debt-free Eco-friendly Modern Office Complex within few years of operation God has Blessed Papua New Guinea Jerry Wemin Acting Managing Director ............................................................................................................................................................................................................................................................................................................................................................................................. ................................................................................................................................ ............................................................. PETROMIN PNG HOLDINGS LIMITED Yes, it is Possible in Papua New Guinea! Petromin PNG Holdings Limited is mandated under the Petromin Authorisation Act, 2007 to invest in the exploration and exploitation of minerals, oil and gas resources for the people of Papua New Guinea. Petromin Haus, Sir Hubert Murray Highway, Hohola, Port Moresby, National Capital District, PNG. Post Office Box 2032, Port Moresby 121, NCD, Papua New Guinea. www.petrominpng.com.pg, Phone: (675) 3252722 GOLD SPONSOR