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Two-Pronged Gas Growth Strategy

PNG LNG dedicated fields: Proven (1P) 301 mmboe (OSH share) – all sold Proven & probable (2P) 505 mmboe (OSH share)

Focus on moving 2P (& 3P) into 1P contractible category through field development optimisation and further appraisal

Other fields and exploration:

Existing proven & probable resources (2C) of 281 mmboe (OSH share), still to be commercialised

Programme to appraise discoveries and explore for new gas

Objective is to prove up sufficient proven contractible reserves to underwrite Trains 3 and 4

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