Table of Contents Table of Contents 2 List of Tables 4 List of Figures 4 Company Snapshot 5 Key Information 5 Company Overview 5 Key Valuation Metrics, 2011-2015 6 Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Production and Reserves Trends 7 Total Oil and Gas, Reserves and Production 7 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 7 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 9 Crude Oil/Liquids Production and Reserve 10 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 10 Crude Oil/Liquids Reserve Changes, 2011-2015 11 Natural Gas Production and Reserve 12 Natural Gas Production and Reserve Trend, 2011-2015 12 Natural Gas Reserve Changes, 2011-2015 13 Total Crude Oil and Natural Gas Reserves Life Index 14 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 14 Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, E&P Costs Trends 15 Allocation of the Upstream Capital Expenditure 15 Upstream Capital Expenditure, 2011-2015 15 Oil and Gas Cost Per boe, US$/boe 16 Oil and Gas Cost Per boe, US$/boe, 2011-2015 16 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 17 Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Reserve Replacement Ratio 18 Oil and Gas Production Replacement Ratio 18 Oil and Gas Production Replacement Ratio, 2011-2015 18 Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Results of Oil & Gas Operations Trend 20 Oil and Gas Revenue and Expenses 20 Oil and Gas Revenue and Expenses, 2011-2015 20 Oil and Gas Revenue and Expenses, Per boe 21 Oil and Gas Revenue and Expenses, By boe, 2011-2015 21 Recent Developments 22 Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd - Recent Developments 22 Mar 02, 2016: Tullow Ghana Arrival Of New FPSO Vessel 22 Mar 01, 2016: Tullow Ghana Confirms Arrival Of New FPSO Vessel 22 Sep 30, 2015: Tullow Oil: First Lady Names Ghana's Second FPSO 23 May 03, 2015: PetroSA Ghana Secures US$150 Million Credit Facility 24 Appendix 25 Methodology 25 Coverage 25 Secondary Research 25 Primary Research 25 Data Information Sources 26 Company Source 26 SEC/Other Regulatory Filings 26 Other Sources 26 Expert Panel Validation 26 Data Definition 26 Oil and Gas Reserves 26 Units of Measure 27 About GlobalData 27 Disclosure 27 Disclaimer 27

List of Tables Table 1: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Key Facts 5 Table 2: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Key Valuation Metrics, 2011-2015 6 Table 3: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 8 Table 4: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 9 Table 5: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 10 Table 6: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Crude Oil Reserve Changes, mmbbl, 2011-2015 11 Table 7: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 12 Table 8: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Natural Gas Reserve Changes, bcf, 2011-2015 13 Table 9: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Oil and Gas Reserves Life Index, Years, 2011-2015 14 Table 10: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Upstream Capital Expenditure, US$ mil, 2011-2015 15 Table 11: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 16 Table 12: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 17 Table 13: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Oil and Gas Production Replacement Ratio, %, 2011-2015 18 Table 14: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Revenue and Expenses, US$ mil, 2011-2015 20 Table 15: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 21 List of Figures Figure 1: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 7 Figure 2: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 9 Figure 3: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 10 Figure 4: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Crude Oil Reserve Changes, mmbbl, 2015 11 Figure 5: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 12 Figure 6: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Natural Gas Reserve Changes, bcf, 2015 13 Figure 7: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Oil and Gas Reserves Life Index, Years, 2011-2015 14 Figure 8: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Upstream Capital Expenditure, US$ mil, 2011-2015 15 Figure 9: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 16 Figure 10: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 18 Figure 11: Petroleum, Oil and Gas Corporation of South Africa (SOC) Ltd, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 21