Hydrocarb)Energy)2014)

HYDR CARB ENERG Y Fueling the Future

Hydrocarb)Energy)2014) Forward'Looking-Statements- This)presenta8on)contains)certain)forward;looking)statements)regarding)ac8vi8es)that)Hydrocarb)Energy)Corpora8on)(HEC))plans,)projects,)or)an8cipates)will) or)may)occur)in)the)future.)The)forward;looking)statements)are)based)on)management’s)belief,)based)on)currently)available)informa8on,)as)to)the)outcome) and)8ming)of)future)events.)HEC)cau8ons)that)forward;looking)statements)regarding)its)future)natural)gas)and)liquids)produc8on)are)subject)to)risks)and) uncertain8es)including,)oil)and)natural)gas)price)vola8lity;)HEC’s)access)to)capital)to)fund)its)expenditures;)fluctua8ons)in)produc8on;)environmental,)drilling) and)opera8ng)risks;)regulatory)changes;)the)uncertainty)inherent)in)es8ma8ng)future)oil)and)gas)produc8on)or)reserves;)and)other)risks)as)described)in) reports)that)HEC)files)with)the)Securi8es)and)Exchange)Commission,)including)its)Annual)Report)on)Form)10;K,)Quarterly)Reports)on)Form)10;Q,)and)Current) Reports)on)Form)8;K.)Any)of)these)factors)could)cause)HEC’s)actual)results)and)plans)to)differ)materially)from)those)in)the)forward;looking)statements.)) Hydrocarb-Management-

Board-of-Directors-

Kent#P.#Wa@s. Chairman-

Pasquale#V.#Scaturro. Paul#Schillmoller. S.#Chris#Herndon. Byrd#Larberg. Director- Ind.%Director- Ind.%Director- Ind.%Director-

Management-

Pasquale#V.#Scaturro. CEO-

Chuck#F.#Dommer. President/COO-

Craig#Alexander. Tobie#Aupindi. VP#Operations- VP#New#Ventures- Key-Management-

Pasquale-Scaturro,-Chief-ExecuEve-Oﬃcer) Geophysicist/Geologist);)34)years))technical)and)managerial)experience)in)worldwide)oil)and)gas)explora8on)and) development)includes)Africa,)Russia,)Asia,)South)America)including)Turkey,)Israel,)Siberia,)Republic)of)Georgia,) Azerbaijan,)Iraq,)Pakistan,)Ethiopia,)Guinea,)Somalia,)Tunisia,)Namibia,)and)Sudan.)))Worked)with)Amoco,) McMoRan)Oil)and)Gas,)Maxus)Energy)Corpora8on,)Deminex,)Arco,)Hunt)Oil,)Frontera)Resources)and)others.) Founder)and)owner)of)Seismic)Specialists,)US)Seismic)and)Tricon)Geophysics.) - Chuck-Dommer,-Vice-President-ExploraEon-&-ProducEon) Geologist/Geophysicist);)35)years)worldwide)oil)and)gas))explora8on)and)development)geophysicist)with)over)35) years)in)interna8onal)and)domes8c)oil)and)gas)exploita8on,)explora8on,)and)acquisi8ons.)Chief)Geologist,)for)the) LUKOIL;AIK)in)Siberia)and)managed))opera8ons)for)three)mul8;billion)barrel)Western)Siberia)ﬁelds)under) exploita8on,)drilling)60+)wells/year.)Worked)in)Texas,)New)Mexico,)Rocky)Mountains,)Canada,)Eastern)U.S.,) Borneo,)Myanmar,)Russia,)Ingushe8a,)Kazakhstan,)Ukraine,)Georgia,)Azerbaijan,)Romania,)Poland,)Suriname,) Peru,)Venezuela,)and)Namibia.) ) Capital-Structure-

Shares)Outstanding))))))))))62.7)million)

Market)Capitaliza8on)as)of)12;06;13))))))))))$162.4)million)

Management)and)Aﬃliates))))))))))55.4)million)

Warrants)and)Op8ons))))))))))4.8)million*) Fully)Diluted)Shares)Outstanding))))))))))67.5)million)

*"Average""exercise"price"of"all"options"and"warrants"approximately"$2.50< Stock-Performance) )(OTCQB:)HECC)< Recent)closing)price:)$2.45)(Feb)14,)2014)) 2.8)

2.6)

2.4)

2.2)

1.8) Our-Vision-

The)following)summarizes)corporate)goals)and)strategy)for)the)medium;term) future,)or)the)next)one)to)two)years.) ) In)our)DomesEc-ProducEon-Business:) o Significantly)grow)Hydrocarb’s)oil)and)gas)produc8on)in)2014) o Acquire)addi8onal)onshore)and)offshore)assets) o U8lize)these)assets)to)grow)our)interna8onal)efforts))

)))))))))In)our)InternaEonal-ExploraEon-Business:) o Increase)the)value)of)our)Namibia)explora8on)concession) o Add)2)impac8ve)world)class)explora8on)concessions)in)the)East)African)Ril)Play)) ) )))))))))In)our)Middle-East-Oil-Field-Services-Business:) o Commence)opera8ons)of)our)Abu;Dhabi)based)oil;field)services)company) o Obtain)significant)cash)flow)from)new)contracts) o Share)in)the)moderniza8on)of)the)oil)and)gas)infrastructure)in)the)UAE)and) neighboring)OPEC)producing)countries.))) Worldwide-OperaEons-

Texas- UAE-(Abu-Dhabi)-

Namibia-

DomesEc-US- InternaEonal- UAE-Services- Oil)and)Gas)Produc8on) Explora8on) Oil)and)Gas)Field) DomesEc-ProducEon-

GALVESTON-BAY,-TEXAS- Oﬀshore-Galveston-Bay-

• 18,850-Acres-Held-by-ProducEon- (HBP)- • Discovered-by-Exxon-in-1960'70s- • Total-CumulaEve-ProducEon:-25- Million-Barrels-Oil,-1.0-TCF-Gas- • Total-Wellbores:-140- • Currently-Producing:-30- • Wells-to-be-Worked-Over:-18- • Current-ProducEon:-400-boepd- • $8MM-Revenue/year- • 2nd-Qtr.-2014-ProducEon-Goal:- 1000-boepd- • $20MM/year-anEcipated-Revenue) Oﬀshore-Galveston-Bay-

20,000)Acres)HBP) • 90-wellbores-under-technical-evaluaEon-for- potenEal-workover- • 15-Frio-horizons-to-be-re'evaluated- • Deep-Yegua-and-Big-Sand-Plays-moving-into- New)3D) the-area- Seismic) • Several-exploraEon-projects-in-development- • Infrastructure:- • -First-class-'-rebuilt-since-Hurricane-Ike- • Rebuilt-to-withstand-Cat-4-Hurricane- • $15'20-million-asset-for-future- exploraEon-plays- • Incredible-asset-for-future-“deeper”- exploraEon-plays- Middle-East-Oilﬁeld-Services-

ABU-DHABI,-UNITED-ARAB-EMIRATES) ABU-DHABI,-UNITED-ARAB-EMIRATES- Oil-and-Gas-Services----

• World-Class-Comprehensive-Services-License-- • Approved-by-Supreme-Petroleum-Council- • Headquartered-in-Abu-Dhabi,-UAE- • Partnered-with-FaEma-Mana-al-Otaiba-–-CEO-Otaiba-United- • ISO-9001:2008-CerEﬁed- • Abu-Dhabi-'-$100-billion-annually-in-oil-revenue- • Abu-Dhabi-–-Will-spend-$40-billion-over-ﬁve-years-to-increase- reserve-base))) InternaEonal-ExploraEon-

Owambo-Basin-Namibia-

An-unexplored-high-potenEal- ----onshore-African-Basin-

• HUGE-and-UNEXPLORED- • 21,300-kms²/5.3-million-acres-'''-Size-of-New-Jersey- • Less-than-15%-of-concession-explored-to-date- • Existence-of-light-West-Texas-quality-crude-oil- • Outstanding-Business-Climate-&-Petroleum-Agreement- Exploring-for-WORLD-CLASS-RESERVES- Owambo-Basin- • 1.1--Billion-Barrels-unrisked-in' place-oil-resource,-NSAI-Report- • 295-Million-Barrels-of-Oil-(MMBO)- unrisked-recoverable- • 26-addiEonal-exploraEon-leads- from-recent-aerial-gravity-survey- • All-ﬁve-elements,-required-to-have- a-petroleum-system,-are-present- in-the-Owambo-Basin- Oponono)Prospect) 1.1)Billion)Barrels)of) Unrisked)In;place)Oil) Owambo-Basin-ProspecEve-Leads- 2013-Aerial-Gravity-Survey-

1715) 1714)

1814A) 1815A)

OPONONO-STRUCTURE- 1.1-Billion-Barrels-Unrisked- Free)Air)Hill)Shaded)Residual)Gravity) In'place-Oil-Resources- AFRICA Proliﬁc East and Central African Rift"

Central)African)Ril)

Central)Congo)Basin) Lake)Tanganyika) Largest)Unexplored) Largest)Unexplored) )Basin)on)Earth) )Ril)Lake)in)Africa) Summary"

Invest-in-Hydrocarb- )) • World;class)experienced)oil)and)gas)industry)management)that)is) highly)mo8vated)with)signiﬁcant)ownership)and)personal)investment)) )) • Domes8c)produc8on)that)is)a)cash)engine)that)can)be)enhanced)to) drive)our)Interna8onal)opportuni8es)

• Middle)East)Oilﬁeld)Service)Business)poised)to)capitalize)on)a)40) billion)dollar)infrastructure)program)underway)by)the)United)Arab) Emirates) )) • African)concession)with)a)Netherland)Sewell)evalua8on)repor8ng)as) much)as)1.1)billion)barrels)of)poten8al)unrisked)in;place)oil)resources) Appendix)and)In;Depth)Data) Stock Price Performance Metrics ??"

Why-to-Invest-in-Hydrocarb-Now- )) • Valua8on)of)the)Namibia)Concession/share)of)stock)at)discrete)stages) )) • Valua8on)Jumps)

• Benchmarks;) • NSAI)Report) • NYSE)Lis8ng) • 2D)seismic)

)Milestones) Cost)Per)Poten8al) Current)Outstanding 62,740,000 ) Market)Cap ) Barrel)in)Place

) ) ) ) ) )

Market)cap)at $2.50 per)share $156,850,000 ) $0.16

Market)cap)at $5.00 per)share $313,700,000 ) $0.32

Market)cap)at $7.50 per)share $470,550,000 ) $0.48

Market)cap)at $10.00 per)share $627,400,000 ) $0.63

Market)cap)at $15.00 per)share $941,100,000 ) $0.95 ) ) ) ) ) )

) ) ) ) ) )

) ) ) ) ) ) Barrels)Of)Poten8al)Oil)in)Place ) ) 1,100,000,000 ) ) Duma)ownership)% ) ) 90.00% ) ) Net)Barrels)in)Place ) ) 990,000,000 ) ) ) ) ) ) ) ) WHY NAMIBIA AND THE OWAMBO BASIN?!

Statistics" • Multi Party Democratic Republic" • Official Language: English" • Size: 824,292 sq kms – over twice the size of California" • Population: 2,147,585 million (2011 est.) " • Progressive free-market modern economy. No corruption" • Political and Security Risk: NONE" • Modern infrastructure and transportation system" • New major tarred road network" • New national powerline grid" • New railroad network into Angola" • One of Africa's most energy hungry countries" • Booming mining industry (uranium and diamonds) requires increased energy supplies" Concession Area: Exploration Fiscal Terms" 21,000 sq. kms/! • Progressive and modern energy legislation " 5.3 million acres, • Extremely favorable oil and gas fiscal terms" roughly the size of • Very lucrative Petroleum Agreement: Simple 5% government royalty" New Jersey.! • No signature, discovery, or production bonuses" • Duty-free import and VAT license for all petroleum exploration materials and equipment" • Exempt from non-resident shareholder’s tax" • 100% immediate Cost Recovery" • Repatriation of all investment and profits" THE OWAMBO BASIN - Virtually Unexplored!

• HUGE and UNEXPLORED" • 208,600 square kms - 2 times the area of Colorado" • 21,300 kms²/5.3 million acres --- Size of New Jersey" • Only 1 signiﬁcant well drilled in 50 years" • No deep wells drilled to test deep oil and gas potential" • Less than 15% of block explored to date" • 2012 Soil survey indicates existence of light West Texas quality crude" • 2013 Just completed hi-resolution magnetic and gravity survey" • First World Business Climate – Democracy - Modern excellent infrastructure. Corruption free" • Excellent Petroleum Agreement terms"

• 1 Billion Barrel of Oil NSAI Resource Estimate" OWAMBO BASIN Oponono Prospect – Representative Seismic Line" OWAMBO BASIN Oponono Prospect Structure Map – Top of Otavi" OPONONO PROSPECT Oil in Place/Recoverable Reserves"

Calculation of Initial Oil in Place (IOIP) and Recoverable Reserves (RR) Structure IOIP (mmbo) Recovery Factor Recoverable Reserves

Top Abenab 2015 40% 504 mmbo Top Otavi 2100 (West) 50% 1,050 mmbo 940 (East) 50% 470 mmbo 390 (North) 50% 194 mmbo Top Mulden 2680 40% 1,070 mmbo

Total IOIP : 8,125 mmbo Total RR : 3,290 mmbo

26 OPONONO PROSPECT Risk Adjusted Recoverable Reserves"

Structure: Top Abenab Top Otavi Top Mulden

170 mmbo 355 (West) mmbo 240 mmbo 160 (East) mmbo 65 (North) mmbo

Total: 990 mmbo Total Risk Adjusted Recoverable Reserves or approximately 1 Billion Barrels of Recoverable Oil

27 OWAMBO BASIN Future Work Program"

) First Second Third Fourth Quarter Quarter Quarter Quarter 2013%Work%plan:% AeromagneEc-and-Gravity-survey------Survey-planning------Survey-acquisiEon-and-processing------Survey-interpretaEon- - 2014%Work%plan:------Seismic-program------Survey-planning------Survey-acquisiEon-and-processing------Survey-interpretaEon- % 2015%Work%Plan:- DeterminaEon-of-Well-LocaEon(s)------Permiqng/mobilizaEon------Drilling------EvaluaEon- OWAMBO BASIN General Conclusions"

• All ﬁve elements, required to have a petroleum system, are present in the Owambo Basin" • Basin is virtually unexplored"

• Signiﬁcant indication of hydrocarbon generation and migration (oil in 5-1A well, soil gas survey, reported seeps)" • Only one well drilled to the top of the Otavi (5-1A). Had excellent oil recovery" • 2872 km of 2-D data acquired to date in the entire basin - 72% acquired before 1971" • Only 15% of Hydrocarb Concession has 2D seismic coverage" • Numerous 4-way structural and “reefal” stratigraphic targets already deﬁned " • Stable democratic government. Modern excellent infrastructure. Corruption free" • Excellent Petroleum Agreement terms" Potential for World Class Reserves! AFRICA DRC and the CAR"