Introductory Introductory Presentation June 2011 Confidential Presentation . Confidential Presentation

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  • Introductory Presentation June 2011 Confidential Presentation

  • Confidential Presentation

    Disclaimer

    This document has been prepared by 3Legs Resources plc (the “Company”) and is the sole responsibility of the Company. For the purposes of this document, the presentation that follows (the "Presentation") shall mean and include the slides that follow, the

    oral briefing provided by the Company on the slides, the question and-answer session that follows that oral presentation and any materials distributed at, or in connection with the presentation. The Presentation is strictly confidential, may not be distributed

    to the press or any other person, may not be copied or reproduced in any form and may not be published, in whole or in part, for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws.

    This document is incomplete without reference to, and should be viewed solely in conjunction with the Presentation. The Presentation does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation

    of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. The information

    and opinions contained in the Presentation are provided as at the date of the Presentation and are subject to change.

    Prospective investors should not subscribe for or purchase any securities in the context of a proposed offering of securities of the Company except on the basis of information in any admission document (and any supplement(s) thereto) published in

    connection with such an offering, which information will supersede the information contained in the Presentation.

    To the extent available, the industry, market and competitive position data contained in the Presentation comes from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have

    been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company reasonably believes that each of these publications, studies and surveys has been prepared by a reputable

    source, the Company has not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in the Presentation comes from the Company’s own internal research and estimates based

    on the knowledge and experience of the Company’s management in the markets in which the Company operates. While the Company reasonably believes that such research and estimates are reasonable and reliable, they, and their underlying methodology

    and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in the

    Presentation.

    The information contained in the Presentation does not purport to be comprehensive, is still in draft form and has not been legally verified. No reliance may or should be placed by any person not invited to the Presentation for any purposes whatsoever on

    the information contained in this document or any other material discussed at the Presentation, or on its completeness, accuracy or fairness. Neither the Company nor any of its respective directors, officers, employees, advisers or agents accepts any

    responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truthfulness, accuracy or completeness of the information in the Presentation (or whether any information has been omitted from the

    Presentation) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of

    the Presentation or its contents or otherwise arising in connection therewith. Recipients of the Presentation should conduct their own investigation, evaluation and analysis of the business, data and property described therein.

    The shares of the Company have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold in the United States except pursuant to an exemption from, or a transaction not

    subject to, the registration requirements of the US Securities Act or unless registered under the US Securities Act. There will be no public offering of the shares in the United States. Neither this document nor any part or copy of it may be taken or transmitted

    into the United States, its territories or possessions, or distributed, directly or indirectly, in the United States, its territories or possessions.

    The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure

    to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any

    locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Neither this document nor any copy of it

    may be taken or transmitted into Japan, the Republic of South Africa or Australia or distributed in Japan, the Republic of South Africa or Australia or to any national, citizen or resident thereof or any corporation, partnership or other entity created or

    organised under the laws thereof. The Presentation does not constitute an offer of securities to the public in the United Kingdom, the United States or in any other jurisdiction.

    This document and the information contained herein is not, and under no circumstances is to be construed as, an advertisement or prospectus or a public offering of securities described herein in Canada or any province or territory thereof. Under no

    circumstances is this document and the information contained herein to be construed as an offer to sell securities or as a solicitation of an offer to buy securities in any jurisdiction of Canada. Any offer or sale of the securities described herein in Canada will

    be made only under an exemption from the requirements to file a prospectus with the relevant Canadian securities regulators and only by a dealer properly registered under applicable securities laws or, alternatively, pursuant to an exemption from the

    registration requirement in the relevant province or territory of Canada in which such offer or sale is made. No securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this document, the information contained

    herein or the merits of the securities described herein and any representation to the contrary is an offence.

    The Presentation is only directed at, and may be communicated to: (A) in the European Economic Area, to persons who are ―qualified investors‖ within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC); and (B) in the United

    Kingdom, to persons (i) having professional experience in matters relating to investments so as to qualify them as ―investment professionals‖ under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”);

    or (ii) falling within Article 49(2)(a) to (d) of the Order; and/or (C) to other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (A), (B) and (C) together being “Relevant Persons”). Nothing in the Presentation

    constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. If you have received this

    document and you are not a Relevant Person you must return it immediately to the Company.

    The information in the Presentation may include forward-looking statements, which are based on current expectations and projections about future events. These forward-looking statements, as well as those included in any other material discussed at the

    Presentation, are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments, including, among other things, the development of its business, trends in its operating industry, future capital expenditures and impact

    of regulatory initiatives. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur. The Company undertakes no obligation to publicly update or revise any such forward-looking statement.

    2

  • Confidential Presentation

    Introduction

    3

    Independently assessed resource base of 170 tcf Original Gas In Place

    First-Class

    Partnerships

     Partnership agreement with ConocoPhillips1 funds a 3 well Baltic Basin

    prog