Egypt Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

Sea Dragon makes double‐well success in Egypt ‐ Sea Dragon Energy Inc., an independent oil and
gas exploration and production company with assets in Egypt, announced last week that its Al Amir SE
17 development well was successfully tested at a rate of 3,664 bopd.

Successful Egypt oil well test ‐Partners in the NW Gemsa concession in Egypt have said that the
Al Amir SE (AASE) 17 development well was successfully tested at 3,664 bpd of oil.

Mashreq to build Suez Canal terminal and provide bunkering ‐ Mashreq Petroleum signs deal
that will allow it to build the first independent tank terminal in Egypt.

Total buys Shell’s downstream business in Egypt
Lubricants business to be retained as part of the deal. Total SA has purchased rival Royal Dutch Shell
PLC’s fuel retail network in Egypt in a deal that bolsters Total’s efforts to ramp up exploration and
production operations in Africa.

Sources: Newspapers, Magazines, and websites.