C O R P O R A T E G U I D E

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Esmond Baker
6 years ago
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1 CORPORATE GUIDE

2 Corporate Profile MEPUSA is a subsidiary of Mitsui & Co., Ltd., a diversified global trading, investment, and service enterprise headquartered in Tokyo, Japan. Mitsui & Co., Ltd. maintains a global network of 139 offices in 65 countries/regions, and has 469 group companies and associated companies worldwide. The Company currently owns a substantial working interest in the Marcellus Shale gas project in Pennsylvania and sells natural gas through Mitsui & Co. Energy Marketing Services (USA) Inc., another subsidiary of Mitsui & Co., Ltd. It has also invested in Eagle Ford Shale oil & gas project in Texas since 2011, in which Mitsui E&P Texas LP owns another substantial working interest and produces condensate, NGL and natural gas. While pursuing maximizing the value of existing assets, MEPUSA continues to seek growth opportunities through selective acquisitions of conventional or unconventional assets of quality.

Eagle Ford Shale Mitsui Leasehold Acres: 35,000 Mitsui Shale Play: 1,700 wells Marcellus Shale Mitsui Leasehold Acres: 62,000 Mitsui Shale Play: 750 wells Building partnerships with values of trust,

seeks to build its partnerships upon a foundation of such values. In 2010, when Mitsui saw the opportunity to invest in the onshore boom in shale gas production occurring in the U.S.

Marcellus Besides being highly seasoned and financially strong oil & gas operating companies, both Anadarko E&P Onshore LLC and Chesapeake Appalachia LLC controlled multiple large swaths of leases

After successful negotiations, Mitsui was able to contractually gain entrance into several joint development agreements Anadarko and Chesapeake already had in place.

3 Eagle Ford Shale Mitsui Leasehold Acres: 35,000 Mitsui Shale Play: 1,700 wells Marcellus Shale Mitsui Leasehold Acres: 62,000 Mitsui Shale Play: 750 wells Building partnerships with values of trust, innovation, communication, and leadership These values have been at the heart of Mitsui s business management philosophy since the early 18 th century, so it should come as no surprise that Mitsui seeks to build its partnerships upon a foundation of such values. In 2010, when Mitsui saw the opportunity to invest in the onshore boom in shale gas production occurring in the U.S., it knew that it would need to forge partnerships with only the most skilled and industrysavvy players in the field. Marcellus Besides being highly seasoned and financially strong oil & gas operating companies, both Anadarko E&P Onshore LLC and Chesapeake Appalachia LLC controlled multiple large swaths of leases throughout central and northeastern Pennsylvania, all of which targeted development of the Marcellus Shale formation. After successful negotiations, Mitsui was able to contractually gain entrance into several joint development agreements Anadarko and Chesapeake already had in place. In 2017, Anadarko divested its Marcellus asset and Mitsui divested its Anadarko-operated acreage. Mitsui maintains the remainder of its Marcellus asset with its main operating partner, Chesapeake. Eagle Ford Mitsui was then a full-fledged interest owner in the Marcellus leases. Subsequently, through its new connections and partners, Mitsui had the opportunity to enter into another shale venture, this time in South Texas, targeting the Eagle Ford formation. In 2011, it closed on its joint development agreement with Colorado-based SM Energy Company. In 2017, the asset operator, Anadarko, sold its working interest to Sanchez Energy and Blackstone; SM Energy sold its working interests to KKR/Venado. Mitsui s solid and healthy relationship with these partners and new partners has paved the way for its continued success in these assets, and has made possible its presence and participation in America s historic shale gas revolution.

A Growing Mitsui E&P USA LLC Haruo Kumo President & Chief Executive Officer Mitsui E&P USA LLC Deeply Committed to the Natural Gas Revolution Hideaki

MEPUSA is committed to long term growth and stability in the fields that it is actively involved in.

Our strategy for North American onshore began in the Marcellus fields and continued in the South Texas fields in 2011.

4 A Growing Mitsui E&P USA LLC Haruo Kumo President & Chief Executive Officer Mitsui E&P USA LLC Deeply Committed to the Natural Gas Revolution Hideaki Konishi Chief Operating Officer Our North American onshore projects currently play a high profile role in the success of our company. MEPUSA is committed to long term growth and stability in the fields that it is actively involved in. In the Marcellus and Eagle Ford plays, we have formed an extensive portfolio of producing wells where we are focusing on long-term production. Our strategy for North American onshore began in the Marcellus fields and continued in the South Texas fields in The Eagle Ford Shale represents a major investment in our upstream strategy. We continue to actively drill in this area with a new operating partner, Sanchez Energy. Operations continue throughout the Eagle Ford Shale. Takayuki Shinmi Chief Financial Officer

5 As an oil & gas exploration and production company of Mitsui Group, enhance company value through Active asset management, Growth and pursuit of a well-balanced portfolio, and Contribution to society.

6 Mitsui E&P USA LLC 1300 Post Oak Blvd. Suite 1800 Houston TX, March 2018

QUARTERLY ACTIVITIES REPORT SEPTEMBER 2016

QUARTERLY ACTIVITIES REPORT SEPTEMBER 2016 ASX Announcement 24 October 2016 ACTIVITY HIGHLIGHTS FOR THE SEPTEMBER 2016 QUARTER During the Quarter we saw oil prices stabilise around US$44 per barrel. Gross