Deep Gulf Energy lll

Deep Gulf Energy III was established in late 2014 with $498 million in equity. Since inception the venture has purchased an interest in two developments and had four successful discoveries with no dry holes. The venture now has 2P reserves of 35 MMBOE andurrent production is 922 BOEPD. We expect production to increase to 15,000 BOEPD over the next 4 years and to begin distributions from DGE III in 2018 and exit via a sale by 2021.