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MNP Petroleum Compa pany y Presentation esentation May 2014 TSX - V: MNP OTCQ CQB: B: MNAP www.mn mnppe ppetr troleu eum. m.com com WHO WE ARE MNP is changing from Exploration to Exploration & Production Focus in

  1. MNP Petroleum Compa pany y Presentation esentation May 2014 TSX - V: MNP OTCQ CQB: B: MNAP www.mn mnppe ppetr troleu eum. m.com com

  2. WHO WE ARE  MNP is changing from Exploration to Exploration & Production  Focus in Central Asia for:  Exploration  Production  Diversified asset portfolio in a basin with proven petroleum system  Low and medium risk plays  Shallow and deep targets (100 m to 5000 m) 2

  3. M NP’ Assets Gross oss Ac Acre reage Country E & P Oper erat ator or Worki king Intere erest Bloc ocks ks (000’s acres) Tajikistan Exploration MNP 90 % 2 839 Mongolia Exploration MNP 74 % 2 746 Albania, 1.2 % France & Exploration Petromanas 8 2’890 (Equity Interest) Australia 3

  4. Management Team • Former Head of Exploration and Research of OMV; CEO of various international operations with OMV; E&P Executive Director Petrom Werner er Ladw dwein ein and member of the Board; Director of several private corporations Chief Executive Officer & President +30 years experience in the oil & gas industry • • MBA, PhD in Geology and Mineralogy • Founding Partner of MNP, Director of several private corporations Pet eter er-Mark Mark Vogel • Investment banking and asset management experience at various Chief Financial Officer & Swiss and foreign banks Corporate Secretary • MBA and CFA MD Danubian Energy • • 15 years experience in industry, oil and gas companies (Amromco Traia aian Raba bagia ia LLC) as well as service industry (Schlumberger) Senior E & P Advisor • Master of Science in Petroleum Geology 4

  5. Board of Directors • Founder of MNP • Plays a critical role in targeting, appraising and acquiring the rights Heinz inz Juer ergen en Scholz holz to major oil and gas assets in the FSU Chairman of the Board • Experienced in construction of factories and telecommunication networks in the FSU • Former Head of Exploration and Research of OMV; CEO of various international operations with OMV; E&P Executive Director Petrom Werner er Ladw dwein ein and member of the Board; several private corporations • Petrom Energy Inc. and others CEO & President +30 years experience in the oil & gas industry • • MBA, PhD in Geology and Mineralogy • Former CEO of OMV from 1992 – 2001 • Vice President of the Austrian Federal Economic Chamber; President of the Austrian Chapter of the International Chamber of Richar hard Schen henz Commerce Director • Former Chairman of the Austrian Commission for Corporate Governance • PhD in Technical Physics 5

  6. Board of Directors • Former Chairman of the Society of Petroleum Engineers Calgary Section, Client Solutions for the Canadian Business Unit of Sanjel Corporation, Green Imaging Technologies, Inc. and Vice President and Managing Director of Saint Brendan’s Exploration Ltd. Darcy Spady ady • He held executive positions in two TSX Venture Exchange companies: Contact Exploration Inc. and Petroglobe Inc. Director • Worked for the Schlumberger organization and in various management position within the Triana Energy team. • Bachelor of Science degree in Petroleum Engineering and is a P.Eng. in the Provinces of Alberta and New Brunswick. • Director of several public companies • Founding Partner of the law firm Velletta & Company Michae hael Velle elletta ta • Governor of the Trial Lawyers Association of British Columbia, and a member of the Canadian Bar Association, Association of Director international Petroleum Negotiators and the International Institute of Business Advisors 6

  7. Focus: Fergana Basin Rehab abilitati ilitation/P on/Prod oducti uction on Project ct Explorat ation ion Project ct (in process to acquire) • 3396 sqkm acreage (839 acres) • 8 producing fields • 1310 km 2D seismic acquired to date • Rehabilitation • Commencement of drilling Q3 2014 • Upside: appraisal & development, redevelopment, exploration Oil and Gas fields 7

  8. Ex Explorati oration on Fer ergan ana a Ba Basi sin Tajikistan 8

  9. Exploration: Key Wells 2014/2015 First t two explor orat ation ion wells: s: Kayrakkum West Supetau TD: 5200 m TD: 4500 m Analog: Niazbek-Karakchikum field Analog: Mingbulak field, Mahram field Somon 2011/12 Acquisition Somon 2011/12 Acquisition Somon 2010 Acquisition Somon 2010 Acquisition Somon 2007 Acquisition Somon 2007 Acquisition Non Somon Acquisition Non Somon Acquisition North Western License Western License Production Licenses Oil and Gas fields Leads/Prospects 9

  10. Exploration: Kayrakkum Prospect • Target depth 4700 – 5000 m • Analog: Niazbek-Karakchikum field Paleogene reservoirs Paleogene Kayrakkum Niazbek- Primary Karakchikum targets 10

  11. Exploration: West Supetau Prospect Target depth 3800 – 4200 m • • Analog: Mingbulak and Mahram • Closest production from same reservoir in Mingbulak (>250 MMBOE reserves) • Closest discovery in same reservoir, however, not fully developed: Mahram S N Russian well, did not reach Paleogene targets Mahram West Supetau Mingbulak Msg2 Msg1 Pg Pz Line FESN 10B-03 11

  12. Exploration Resources • Proven n pet etroleum um syst stems ms  Bordering producing fields as analogues Unri risk sked ed Conti ting ngent ent Resour urces es (Gross ss / MNP work rking ng int nterest rest 90%) OOIP Conti tingent nt Resour urces es Licens nses Mean MMBO Mean MMBOE E Northw hwest estern rn 137.5 31.5 Un Unri risk sked ed Prospe specti ctive Resour urces es (Gross ss / M MNP worki rking ng interes erest 90%) OOIP Prospe specti ctive Resour urce ces Licens nses Mean MMBO Mean MMBOE E Northw hwest estern rn 1,036.8 286.2 Western ern 544.9 277.5 Tot otal 1,581.7 1, 1.7 563.7 Source: 51-101, effective January 10, 2014 12

  13. Exploration Project Terms • Producti uction n Shari ring ng Contra tract ct  Terms confidential  No royalty  100 % cost recovery  No profit tax  No export limitations  Exploration phase expires July 2014 respectively July 2016,  Extension of Initial Exploration Period of each license is possible  30 years development and production period plus two extensions of 5 years each • Project ct Costs ts  Drilling cost per exploration well: about USD 22 million  Seismic acquisition costs up to date: about USD 15 million for 1310 km 2D 13

  14. Conclusion Exploration Fergana Basin Licens nses: s: Connected and forming one large area • • Modern seismic acquired 2008-2012 • Prospects and leads defined • Two drill ready prospects  Critical for spud (rig availability and LLI)  Drilling site in preparation Analogues: ues: • Fields at the edge of the basin: Tajikistan and Kyrgyzstan • Fields at the center of the basin: Uzbekistan and Tajikistan Part of structures in Tajikistan were known during Soviet Union time; however, all drillings on subsalt structures failed due to technology and project management 14

  15. Reh ehabil ilit itati ation on Fer ergana na Basi sin Tajikistan (in process to acquire) 15

  16. Location of Producing Fields • 8 producing fields • Fields run down • Upside:  appraisal & 30+ MM BO 2P reserves due to lack of: • development  technology (Independent resource report)  redevelopment  investment  exploration • Current production: < 300 bopd • Rehabilitation West Supetau prospect North Western License Kayrakkum prospect Western License Production Licenses Oil and Gas fields Leads/Prospects 16

  17. Producing Fields Shallow field alignment Hanging Wall Reservoir Intermediate Fields Deep Fields N S 500m 0 Ng 500m 1000m Footwall Reservoir 1500m Pg K 2000m Msg 2500m Pz 3000m 3500m Oil and Gas fields Leads/Prospects 17

  18. Production Potential Increase production through: • proper maintenance including investment in new equipment Starting with current active wells   Using shut-in and abandoned wells (totally 230 wells had produced with initial rates up to about 3500 bopd) • Redevelopment Oil Production Rate (STB per Year) vs. Time Appraise and full development of partially • 80'000 40 developed structure 70'000 35 Oil Production Rate (STB per Year) Number of active wells • Exploring missed extensions and prospects 60'000 30 50'000 25 • Sell oil production locally for competitive 40'000 20 price in comparison to import price of low sulphur crude 30'000 15 20'000 10 10'000 5 0 0 1964 1994 1999 2004 2009 1969 1974 1979 1984 1989 18

  19. Production Project Conclusion Rehabilitation with upside potential in redevelopment and exploration • • Self-financing out of cash flow  Increase production to > 3200 BOPD  Total cost (Opex and Capex) close to 60 million USD over 4 years Increase of recovery only from 14 % to 22 % based on this assumption  • Infrastructure available • Potential to increase production to higher level with larger investments • Upside in appraisal & development as well as exploration: not considered in economic model 19

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