CHALLENGER COMPANY PROFILE INDEX

Company Corporate Information 04 - 05 - 06 - 07

Mission & Vision 08

Our Core Values 09 - 10

About Us 11

Why Challenger Limited 12

What We Serve 13 - 14

Where We Serve 15

Corporate Governance 16

Role of The Board of Directors (BOD) 17

Challenger Limited Latest Developments 18

Chellenger Adminsistrative & Operational Entities 19 - 20 Challenger Limited Latest Developments 21 - 22

Drilling Rigs 23 - 24

Work Over Rigs 25 - 26 - 27 - 28

Rig Fleet 29

Challenger Limited Transport Fleet 30 - 31

Challenger Limited Clientele List 32

Challenger Limited Maps 33

Challenger Limited Transport Fleet 34

Tunisia Locations 35

Challenger Certificates & Recognition 36

03 COMPANY CORPORATE INFORMATION

04 COMPANY CORPORATE INFORMATION

Ultimate Parent Company: Date of Incorporation: Challenger Limited - Isle of Man October 14th, 1991

Website: Company Number: www.challengerlimited.com 000503v

Registered Address: MEA Business Address: Grosvenor House Challenger Limited - Isle of Man 66-67 Athol Street Regional Office - MEA Douglas, Isle of Man Challenger Building IM1 1JE 1 El-Moshier Ahmed Ismail Street Heliopolis 11361, , Tel: +202 2268 2810 Fax: +202 2267 6122 Board of Directors: Corporate Administrators: Yelmez Tatanaki, Libyan National KENDRIS Ltd Mühlemattstrasse56 Faiz Tatanaki, Libyan National CH-5001 Aarau Hassan Tatanaki, Libyan National Switzerland Hatem Fakhr, Egyptian National Tel: +41 58 450 5800 Robert Wages, American National Fax: +41 58 450 5853

05 COMPANY CORPORATE INFORMATION

Shareholders: Managing Directors: Challenger Group Ltd. A Bermuda incorporated Faiz Tatanaki, Chief Executive Officer Holding Company, owned and controlled by Hatem Fakhr, CFO & Deputy Chief Executive theTatanaki family. CGL currently holds 63.0% of the total shares of Challenger Limited Isle of Man MENA Oil Drilling Company Limited.

An Isle of Man incorporated SPV, controlled by Venture Capital Bank B.S.C. (). MODCL currently holds 34.0% of the total shares of Challenger Limited - Isle of Man Venture Capital Bank B.S.C.A Bahrain incorporated Investment Banking Institution. VCB currently holds 3.0% of the total shares of Challenger Limited Isle of Man.

06 COMPANY CORPORATE INFORMATION

Main Bankers: Legal Consultants: British Arab Commercial Bank Dechert LLP Plc 8-10 Mansion House Place Unit 501, Level 5, Precinct Building 2 London EC4N 8BJ, UK Dubai International Financial Center (DIFC) Tel: +44 207 648 7777 Dubai, UAE Fax: +44 207 648 7774 Tel: +9714 425 6300 www.bacb.co.uk Fax: +9714 425 6301 www.dechert.com

Auditors: Price Water House Coopers (PwC) C/O Price Water HouseCoopers (Egypt) Plot #211, 2nd Sector, City Center New Cairo 11835 Cairo, Egypt Tel: +2 02 2759 7700 Fax: +2 02 2759 7711 www.pwc.com

07 MISSION & VISION

Our mission and vision are the essential principles of what deepens our legacy and drives our success, from every employee to the front of our hi-tech advances.

Mission: Vision: Our mission is to responsibly and successfully help To become the prime land driller of choice in the our customers in meeting the global demand for oil MENA region for investors, customers and and gas while delivering the best-in-class land drilling employees by deliveringon-shore and off-shore and work-over performance through new, exceptional directional land vdrilling and workover services technology,exceptional teamwork and professional, innovative technologies and performance tools ground-breaking execution. thereby defining operational excellence and technical innovation

08 OUR CORE VALUES

As an energy sector leader in the MEA region, we maintain the utmost ethical standards and function with great care and attention in the communities where we work and live. We at Challenger Limited are devoted to generating revenues in an ethical manner.

When customers contract on a Challenger Limied’s rig, they not only choose the most effective and advanced land drilling technology, but also go for the finest team in the industry. Corporate Responsibility is an essential part of Challenger Limited’s strategy, mission, vision and culture.

By carrying out our work the right way, our company seeks to protect our customers, the environment, our people and our neighbors and are extremely dedicated to earn our name as a safe, reliable, efficient and effective oil and gas drilling company. our expert workforce is committed to treat one another with utmost respect, dedicated to perform with honor, devoted to safe operating and creative enough to inspire original, advanced ideas.

09 OUR CORE VALUES

Health, Safety & Environment The safety and health of our personnel is a core value at Challengers Limited and we work every day to set the benchmark for safety in our sector. We understand that by maintaining organized and clean working sites, investing in new state-of-the-art technologies and doing our job in the right way, we are protecting our customers, environment and people.

Community & Philanthropy Engagement Challenger Limited is proud to invest into causes which are of prime importance to our communities, customers and employees where we work. Via Challenger Limited’s corporate social responsibility program, our entire team contributes to a number of remarkable human and health services youth and organizations programs.

Inclusion & Diversity Challenger Limited believes in building an efficient team of brilliant employees, who are all set to bring in a wide variety of cultures, skills, perspectives and ideas to our company. Our Group is committed to become a workplace that is free from workplace retaliation, violence, harassment and discrimination. Our inclusion and diversity policies prohibit discrimination of all kinds and encourage inclusivity and diversity amongst our board members, management team and employees.

Talent Management Challenger limited invests into our people and aims to have high-performers through all stages of our company. Our Group implements processes and systems that allow us to execute our skills and talent management approach to maintain a highly capable, competent and well-trained talent pool that is filled with broad range of commercial experiences throughout the market cycle.

10 ABOUT US

A market giant in the oil & gas drilling industry, Challenger Limited is a leading onshore and offshore contract land drilling,workover and production services provider in the African and the regions. Our company strives to create value for its customers by providing high performance facilities to every project and plan. We deliver these services reliably and consistently through our strategic invest- ment in Challenger’s systems, technology and people. With a highly well-organized and diligent business management approach, Challenger Limited has a market reputation of continuously innovating with automation capabilities to be at par with the essentials of the dynamic energy sector.

With our field focus, Challenger Limited provides maximum efficiency – thereby, helping customers in generating great returns from their investments, reducing well costs and minimizing risks. Our highly trained and skilled crews have years of land drilling experienc every task that they undertake, knowing that they have complete support of Challener Limited’s entire team.

11 WHY CHALLENGER LIMITED?

Since its establishment in 1991, Challenger Limited has grown to be one of North ’s oldest and biggest privately held off-shore and on-shore land drilling and work-over operator (in terms of its rig numbers) with strong occupancy in , Tunisia, North Africa, , Turkey, , Republic of Niger and . The company is under long-contracts with the region’s top clients including:

Waha Oil Company Turkish Overseas Co. KUFPEC (Tunisia) Limited Great Man-made River Authority (GMRA) Saudi Aramco

Challenger Limited owns and operates a premium sizeable land-based fleet of (29) in different capacities and operates predominantly in the MEA region, maintaining a large network of registered branches and international subsidiaries in Principality of Lichtenstein, North Africa, Libya, Egypt,Tunisia, UAE and KSA and is also prequalified as an overseas contractor with a growing presence in both Kuwait and Algeria and on going infiltration into new, innovative MENA markets. The company’s business strategy is based on a lean cost structure model and also revolves around resistant subdivisions of the drilling business. This has allowed us to realize an excellent performance history, with a proven profitable growth all through the recurrent market situations in the oil and gas sector. We also have a track record of primarily operating in areas with non-harsh environments, low extraction costs and a prevalence of legacy fields.

As a service company, Challenger Limited leverages on its highly-skilled workforce and lean cost structure strategy to provide superior services and customized solutions to its clients, categorized by its pledge to the global industry standard.

12 WHAT WE SERVE?

With operations running in multiple countries, Challenger Limited is one of Middle East’s largest oil and gas drilling contractors. Leveraging our progressive drilling automation proficiencies, Challenger Limited’s highly skillful and updated workforce continues to set new expert standards for transforming our industry and operational excellence. Through our numerous subsidiaries, we provide top-notch drilling software, instrumentation, directional drilling operations and innovative technology. Challenger Limited sells and manufactures top drives, draw-works, wrenches, catwalks and other various drilling equipment that are installed on both off-shore and on-shore drilling rigs. Our exceptional range of services includes:

Land Drilling & Workover Services: Fit-for-purpose, sustainable rig fleets with the most extensive global geo-market coverage in the business with a team of highly skilled and experienced employees.

Rig Equipment: Durable, automatic and premier equipment with the assurance of our international service networks.

13 WHAT WE SERVE?

First-class MOPU Services: Providing clients with shorter lead times alongside maximized flexibility and accelerated production with phased-in field expansion.

Onshore: Advanced onshore rigs that save time and withstand tough conditions.

Drilling Software: Registered line of drilling technology and software which optimize drilling performances.

Specialty Rigs: Sensitive and harsh environment rigs that are exclusively designed for high capacity, zero discharge and low consumption to drill maximum wells with smaller infrastructure and less rigs.

Jack-up Project & Barge Service: A variety of off-shore and marine tasks support services, which include off-shore accommodation, construction support and equipment.

Downhole Services and Tools: Challenger Limited’s services blend industry expertise, software and equipment into logical resolutions at every step of the drilling operations. With us, you can enhance all characteristics of everyday rig activities, inclusive of directional drilling and detailed customer support.

14 WHERE WE SERVE?

Challenger Limited is also prequalified as an out-of-country contractor in both Kuwait and Algeria. For over 25 years now, Challenger Limited has diligently served many satisfied operators including;

EGYPT AGIBA/AGIP, KHALDA/ and MARATHON

TUNISIA KTL, ALPINE and PrimOil

KUWAIT KOC

LIBYA AGOCO, AGIP/, FINA, GMRA, IPLL, LASMO, OMV, SIRTE OIL, TOTAL, VEBA, VERENEX, WAHA, ZUWEITINA, TEIKOKU, TPOC and JAPEX

TANZANIA IPC

GABON

Challenger Limited owns and operates a premium rig fleet of (29) land rigs in different capacities.

15 CORPORATE GOVERNANCE

At Challenger Limited, corporate governance goes beyond than just complying with the code. Our board of directors believes that ethical behavior in making decisions and strong corporate governance culture is important to maintain the integrity and investor confidence of our company and the way we do our business.

Therefore, the Group’s board is dedicated to adhering to the utmost levels of responsible conduct in all capacities of the industry, keep a close eye on the topmost practices and continuously improve & enhance our own fram work of governance accordingly. Challenger Limited’s board is responsible to shareholders for providing shareholder value and sustainable financial performance.

In order to achieve these goals, the Board oversees and approves the application of Group policies, reviews the financial and management execution against its objectives and also governs the significant policies of the company.

16 Role Of The Board Of Directors

The BOD’s role is to promote and enhance the culture, principles and value creation of Challenger Limited, establish the Company’s tactical goals and make sure that the essential resources are all aligned in place to commendably meet its set objectives. The Board monitors and evaluates the performance of the management and the business, making sure that they are in line with its quintessential objective and set strategic purposes i.e; delivering and creating the finest shareholder value out there.

The Board and its Committees are committed to ensure that the constitution of its members have the perfect combination of industry experience and skills set, necessary for them to lead in their respective roles within the company, whilst adhering to the highest principles of governance.

Moreover, the Board has officially signed an agreement to assist its directors in accomplishing their relevant responsibilities. The agreement details the duties and functions of the Board Committees, the board itself and all other matters which are especially earmarked for the board, covering all horizons of its management, plan and authority. Thus, we continue to develop our focus on strong corporate governance by fabricating on our current professional practices.

17 CHALLENGER LIMITED’S LATEST DEVELOPMENTS

After three years of complete stagnation in the Libyan oil field market, AGOCO awarded Challenger Limited with a one-year renewable contract for its workover Rig-90 in September 2017 at a daily rate of USD 8,500.00. The contract is still valid to date and has furthermore been renewed until December 12th, 2019.

The land drilling project brought with itself a number of obstacles, when the company restarted its operations at all fronts. Challenger Limited’s management had to face vast difficulties of security, finance, administration, logistics and life support. Moreover, the company also had to maintain a new administrative office in Benghazi, rehire employees for all required positions, make arrangements and settlements for old and new suppliers & vendors, repair, refurbish and upgrade different kinds of equipment alongside approaching the Libyan local authorities such as taxes, social insurance and immigration for maintaining a solid legal position in the locality.

Nonetheless, Challenger Limited adopted best practices for its operational management in a way that compliments its unique work ethos while understanding client needs, providing added value and laying out essential deliverables effectively.

In January 2018, Challenger Limited reached another breakthrough when WAHA also resumed its suspended contract with the company on similar terms and conditions, for drilling Rig-36 at a daily rate of USD 28,000.00. The contract is still valid and has furthermore been renewed until December 12th, 2019.In November 2018, AGOCO awarded Challenger Limited with a one-year renewable two contracts for its workover Rig-10 and Rig-31 at a daily rate of USD 7,500.00/each. The contract is valid to date has been renewed until December 12th, 2019.

Challenger Limited’s Rig-14, Rig-23, Rig-27, Rig-28 & Rig-96 are furthermore ready to resume operations in Libya since January 2019, following successful negotiations with various top clients in the region at a daily rate of USD 59,000.

18 CHALLENGER ADMINSISTRATIVE & OPERATIONAL ENTITIES

For its Kuwait based Operations, Challenger Limited has signed two contracts (No: 15051742 & 15051743) with Kuwait Oil Company, which have furthermore been extended until December 12th,2019. The operations continue to run smoothly to date, reaping top-notch results.

Challenger Limited’s Tunisia based Rig-37 is procured and safely stored in our rented base at El-Kef. The company is also serving full refurbishment & inspection certif cates’ renewal for on-going firm negotiation with either Perenco or Mazarine Energy and is in the process of undertaking more innovative, progressive land drilling and platform work-over contractor projects as the market leader in the oil and gas industry within the MENA.

19 Administrative Entities • Challenger Limited Isle of Man - Parent Company • Challenger Limited Liechtenstein - Subsidiary • Challenger Limited Isle of Man - MEA Regional Office in Cairo, Egypt

Operational Entities - Arabian Gulf • Challenger Limited - UAE Free Zone Branch, Sharjah • Challenger Saudi Arabia Limited - KSA Subsidiary • Challenger Limited - Kuwait JV with CK Drilling & Well Maintenance

Operational Entities - Africa • Challenger Limited - Libya Branch • Challenger Limited - Egypt Free Zone Branch, Alexandria • Challenger Limited - Tunisia Branch • Challenger Limited - Algeria Representative Office

Branch Tunisia

Challenger 100% Limited Isle of Man

Branch UAE

Challenger Limited Liechtenstein

100%

Branch BranchBranch Egypt LibyaLibya

20 Challenger Limited Latest Developments - Operations

Challenger Locations & Contents

Libya Locations 1. Nafoora Base Facility (AGOCO Concession) Coordinates: N 29 5 55.17 - E 21 38 32.30 Camp A • Administrative & Staff Accommodation Buildings • Main Warehouses • Workshops Complex • Heavy & Light Machinery & Transportation Equipment • Rigs' Associated Equipment

Camp B • Rig 14 - 1200 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 19 - 1500 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 23 - 950 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 26 - 2000 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 27 - 1700 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 28 - 1200 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 29 - 650 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 32 - 600 HP Work-over Rig Inclusive of All Components & Associated Equipment • Rig 90 - 950 HP Drilling Rig • Rig 95 - 400 HP Work-over Rig

2. Sarir Base Facility (AGOCO Concession) Coordinates: N 27 29 10.27 - E 22 34 0.74 • Administrative & Staff Accommodation Buildings • Warehouses • Workshops • Heavy & Light Machinery & Transportation Equipment • Rig 31 - 650 HP Work-over Rig Inclusive of All Components & Associated Equipment • Rig 10 - 600 HP Work-over Rig Inclusive of All Components & Associated Equipmen

21 Challenger Limited Latest Developments - Operations

Challenger Locations & Contents

3. 59 Jalu Field (WAHA Concession) Coordinates: N 29 0 22.96 - E 21 32 26.22 • Rig 36 - 2000 HP Drilling Rig Inclusive of All Components & Associated Equipment

4. Awjilah Town (Fenced & Guarded Private Store Facility) Coordinates: N 28 55 49.37 - E 21 18 25.04 • Rig 20 - 600 HP Work-over Rig Inclusive of All Components & Associated Equiment • Rig 96 - 400 HP Work-over Rig Inclusive of All Components & Associated Equiment

5. Murzuq Field (TPOC Concession - Abandoned by TPOC Since End 2013) Coordinates: N 25 45 45.80 - E 13 57 11.10 • Rig 38 - 2000 HP Drilling Rig Inclusive of All Components & Associated Equipment NB: Above location remains inaccessible. Last visual check by a team of Challenger delegates was conducted in April 2014 & all Rig components were then found intact

6. Zintan Town (Fenced & Guarded Private Store Facility) Coordinates: N 31 46 51.91 - E 12 21 24.28 • Rig 07 - 600 HP Work-over Rig Inclusive of All Components & Associated Equimen

7. Ghadames Base Facility - G1 (GMRA Water-well System) Coordinates: N 29 55 45.71 - E 9 33 53.98 • Administrative & Staff Accommodation Buildings • Warehouses • Workshops • Heavy & Light Machinery & Transportation Equipment • Rig 41 - 600 HP Work-over Rig Inclusive of All Components & Associated Equipment • Rig 91 - 1000 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 93 - 500 HP Drilling Rig Inclusive of All Components & Associated Equipment • Rig 01 - 300 HP Water-well Rig Inclusive of All Components & Associated Equipment • Rig 02 - 300 HP Water-well Rig Inclusive of All Components & Associated Equipment • Rig 03 - 450 HP Water-well Rig Inclusive of All Components & Associated Equipment • Rig 04 - 450 HP Water-well Rig Inclusive of All Components & Associated Equipment • Rig 05 - 500 HP Water-well Rig Inclusive of All Components & Associated Equipment • Rig 06 - 500 HP Water-well Rig Inclusive of All Components & Associated Equipment

22 DRILLING RIGS

23 Drilling Rigs (Total 13)

Rig Name Make Capacity Depth/Feet

Rig 14 OIME SL7 1,200hp 12,000

Rig 19 National 110 1,500hp 15,000 Rig 23 Truck - Mounted Cabot 900 950hp 8,000

Rig 26 National 1320 - UE 2,000hp 20,000 Rig 27 Gardner Denver 1100 - E 1,700hp 17,000

Rig 28 National 80 - UE 1,200hp 12,000

Rig 29 Truck - Mounted XJ 650 650hp 6,000

Rig 36 Gardner Denver U - 1500 - E 2,000hp 20,000

Rig 37 Mid Continent U - 1220 EB 2,500hp 25,000

Rig 38 Natinoal 1320 2,000hp 20,000

Rig 90 Truck - Mounted Cabot 900 950hp 8,000

Rig 91 Emsco GB800 1,000hp 8,000

Rig 93 Natinoal T - 32 500hp 5,000

Rig Name Make Capacity Depth/Feet

Rig 07 Truck - Mounted Kremco K-600 600hp 14,000

Rig 10 Truck - Mounted Cardwell 600hp 14,000 Rig 20 Truck - Mounted Kremco K-600 600hp 14,000

Rig 31 Truck - Mounted Kremco 650hp 14,000 Rig 32 Truck - Mounted Kremco K-600 600hp 14,000

Rig 41 Truck - Mounted Wittenbrg G744 600hp 14,000

Rig 95 Truck - Mounted Ideco H-35 400hp 10,000

Rig 96 Truck - Mounted Ideco H-35 400hp 10,000

24 WORK-OVER RIGS

25 • Rig 7: Workover Rig • Rig 10: Workover Rig Truck Mounted Kremco K-600 Truck Mounted Cardwell Rated Capacity: 8,000’ with 3 1/2” DP Rated Capacity: 8,000’ with 3 1/2” DP Maximum Hook Load: 217,000 lbs Maximum Hook Load: 217,000 lbs

• Rig 20: Workover Rig • Rig 32: Workover Rig Truck Mounted Kremco K-600 Truck Mounted Kremco K-600 Rated Capacity: 8000’ with 3 1/2” DP Rated Capacity: 8,000’ with 3 1/2” DP Maximum Hook Load: 217,000 lbs Maximum Hook Load: 217,000 lbs

• Rig 41: Workover Rig • Rig 95: Workover Rig Truck Mounted Wittenberg G744 Trailer Mounted Ideco H-35 Rated Capacity: 1,500’ with 2 7/8” DP Rated Capacity: 12,000’ with 3 1/2” DP Maximum Hook Load: 60,000 lbs Maximum Hook Load: 220,000 lbs

• Rig 31: Workover Rig • Rig 96: Workover Rig Truck Mounted Kremco K-600 Trailer Mounted Ideco H-35 Rated Capacity: 8000’ with 3 1/2” DP Rated Capacity: 12,000’ with 3 1/2” DP Maximum Hook Load: 217,000 lbs Maximum Hook Load: 220,000 lbs

26 • Rig 14: Drilling Rig • Rig 19: Drilling Rig OIME SL-7E National 110 Rated Capacity: 12,000’ with 5” DP Rated Capacity: 15,000’ with 5” DP Maximum Hook Load: 729,000 lbs Maximum Hook Load: 560,000 lbs

• Rig 23: Drilling Rig • Rig 26: Drilling Rig Truck Mounted Cabot 900 National 1320-UE 2000 HP Rated Capacity: 8,000’ with 5” DP Rated Capacity: 20,000’ with 5” Maximum Hook Load: 350,000 lbs DP SCR & Top driver Maximum Hook Load: 1,000,000 lbs

• Rig 27: Drilling Rig • Rig 28: Drilling Rig Gardner Denver 1100-E 1500 HP National 80_UE 1000 HP Rated Capacity: 17,000’ with 5” DP Rated Capacity: 12,000’ with 5” DP Maximum Hook Load: 770,000 lbs Maximum Hook Load: 510,000 lbs

• Rig 29: Drilling Rig • Rig 36: Drilling Rig GJ21/11, 650 HP Telescopic Gardner Denver 1,500E; 2000 HP Double Mast Rated Capacity: Rated Capacity: 25,000’ with 5” 20,000’ with 3 1/2” DP DP SCR & Top Drive Fast Moving | Accomodation Maximum Hook Load: 1,000,000 lbs

27 • Rig 37: Drilling Rig • Rig 38: Drilling Rig Mid Continent U-1220 EB; 2,500 National 1320-UE 2000 HP HPRated Capacity: 25,000’ with 5” Rated Capacity: 20,000’ with 5” DP SCR & Top Drive DP SCR & Top Driver Maximum Hook Load: 1,00,000 lbs Maximum Hook Load: 1,000,000 lbs

• Rig 90: Drilling Rig • Rig 91: Drilling Rig Truck Mounted Cabot 900 Ideco H-35, 450 HP Rated Capacity: 8,000’ with 5” DP Rated Capacity: 8000’ with 5” DP Maximum Hook Load: 350,000 lbs Maximum Hook Load: 360,000 lbs

• Rig 93: Drilling Rig National T-32, 500 HP Rated Capacity: 8000’ with 2 7/8” DP Maximum Hook Load: 40,000 lbs

28 RIG FLEET

• Rig 1: Soilmec G-75 • Rig 5: Soilmec G-101 Semi Trailer Mounted Hydraulic Semi Trailer Mounted Hydraulic Drilling Rig c/w Power Swivel Drilling Rig c/w Power Swivel

• Rig 2: Soilmec G-75 • Rig 6: Soilmec G-101 Semi Trailer Mounted Hydraulic Semi Trailer Mounted Hydraulic Drilling Rig c/w Power swivel Drilling Rig c/w Power Swivel

• Rig 3: Soilmec G-100 • Rig SR1: Massarenti-Ballerini Semi Trailer Mounted Hydraulic ST4 Truck Mounted Service Rig Drilling Rig c/w Power Swivel (Rated for 40t)

• Rig 4: Soilmec G-100 • Rig SR2: Massarenti-Ballerini Semi Trailer Mounted Hydraulic ST4 Truck Mounted Service Rig Drilling Rig c/w Power Swivel (Rated for 40t)

29 CHALLENGER LIMITED TRANSPORT FLEET

30 31 CHALLENGER LIMITED CLIENTELE LIST

32 CHALLENGER LIMITED - MAPS

Libya Locations

Tunisia

El Kef

Zintan

Libya

Ghadames

Algeria

33 TUNISIA LOCATIONS

1. El-Kef Field (Primoil Concession) Coordinates: N 35 55 9.17 - E 8 44 49.32 • Rig 37 - 2500 HP Drilling Rig Inclusive of all Components & Associated Equipment

Tunisia

El Kef

Zintan

Nafoora Base

Awjilah Jalu - 59

Sarir Base Libya

Ghadames

Algeria

34 CHALLENGER CERTIFICATES & RECOGNITION

35 +2 02 226 82810 +2 02 22691798 +2 02 22676887 [email protected] www.challengerlimited.com