Annex A

PNOC ExpLoRATtoN CoRpoRATtoN lnterim Performance Scorecard

Targets Accomplishment CGO-BValidation Provider Supporting Perspective Description Formula weioht DSta Remarks if applicable 2014 Actual Rating Score Rating Documents Petroleum and Coal Exploratlon and Devolopment Petroleum Geophysical Reports cover the ff: (1 Prospects and Lead lnventory, No. of geophysical ) Geophysical Upstream DOE Certifications sc 59 inte rpretation Evaluation for 9% Operations 3 3 9o/o 3 90h slating that PNOC- (2) Baragatan-1 A Pelrophysical reporus validated Petroleum Division EC reports Evalualion Report, SC 63 by DOE conform to the (3) Seismic Acquisition Program standards of and Preliminary lnterpretation technical reporting ReDort. SC 75 in the Oil and Gas Petroleum Geological Reporls industry. The cover the ff: cerlifications are (1) Mongosteen-'l Well signed by Dir. Geological Prognosis & Rino E. Abad of Orilling Program, SC 37 Geological No. of geological Upslream OOE, Energy and (2)ILOC Prqect, SC 38 Evaluation for lOo/o 4 4 100k 4 100/o evaluation reporus Operations Resource (3)Oomestic & Overseas Petroleum validated by DOE Division Oevelopment Ventures - 2014 Due lnternal Process/ Bureau. Diligence Reporl GroMh/ Financial (4)A Reporl on the Baragatan- 1/1A Orilling Oporations and Results. SC 63 Confi dentiality Agr6ements entered into by PNOC-EC in FY 2014 are as follows: For SC 59 - (1) Shell Exploration Company No. of B.V. Confidentiality Upslream Signed Copies of (2) Chevron lndonesia Ventures, Farm-out and AgreemenUs 10o/o Operations 5 7 '140/o 5 10./. Confidentiality LTO. (date of effectiveness: 2 Farm-in Efforts signed with Division Agreements Sept 2014) interested party (3) Total E&P Activities Petrolidres (dale of effectiveness: 6 Feb 2014) (4) Murphy Asia Oil Co., Ltd (date of effectiveness: 7 Match 20141 For SC 41 - Targets Accomplishment CGO-BValidation DSta Provider Supporting Perspective Description Formula weioht Remarks - tr appficaDte 2014 Actual Rating Score Rating Documents (5) Grace Coal Mining and Development, lnc. (date of effectiveness: 29 Jan 2014) For SC 37 - (6) Fu-Tai , lnc. (date of effectiveness: 7 Aptil2014l For SC 47 - (7) Otto Energy Philippines lnc. (date of effectiveness: 4 Decembsr 2014)

Coal Geologic Survey Reporls cover the ff: (1) lmelda-, Sibugay, COC 186 DOE (2) -Malangas, Zamboanga No. of geologic Upstream Coal geologic C6rtifications Sibugay, COC 185 survey reporUs 90k Operalions 3 3 9./. 3 90/. survey stating that (3) Final Coal Exploration validated by DOE Division PNOC.EC Report: Sta. Barbara - Little reports conform Baguio - Gotas North Limb to the standards Exploration Drilling Project, of technical Malangas-, Zamboanga reporting in the Sibuoav. COC 4'l Coal industry. Coal Geologic Survey Reports The certilications cover the ff: are signed by (1) Final Coal Exploration Report Coal drilling/ No. of drilling Upstream Dir. Rino E. Abad Sta. Barbara - Little Baguio - geophysical program approved 9./. Operations 1 1 9% 1 90/. of DOE, Energy Gotas North Limb Exploration logging Division by lhe DOE and Resource Drilling Project, Malangas- Development Diplahan, , Bureau. COC 41 No. mrne of Coal Development Reporl: plan development Upstream (1) Lower Butong Coal Project Mine Development 9o/o 1 1 90k 1 9% approved by the Operations (CBS 41-H-400) and CBS 41-l- DOE Division 361) Final Feasibility Study. Posilion paper No. of position prepared and paper submitted for o./. N/A No weighl. submitted on resolution of NEDA NEDA Guidelines Position paper No. of posiiion ov. N/A No weight. Targets Accomplishment CGO-BValidation Supporting Perspective Description Formula w"ur,t D,ifrlfffi' Remarks 2014 Actual Rating Score Rating Documents Prepared and Paper submitted for submitted on resolution of OP EO556 DOE Certification lhat PNOC-EC did not The qualified Safety experience OOE Ce fication any Fatal Lost- on the following: Performanc€ of HSSED/Project Time lncident (LTl- (1) Covers Fatal Lost-Time the project sites Lost-time lncident 40/o Site/ Business 0 0 4% 0 40/o FATAL) in the lncident only; and businessi/field or Field Units (2) PNOC-EC's units company's Coal Coal and and Petroleum Petroleum Operations Operations in FY 20't4 Finance Annual Net Actual Net lncome DepartmenU 2014 Unaudited Subject to COA's issuance of lncome Over 300/0 Planning & 2.9 2.45 25.4./. 2.45 25.4v" Financial Audited Financial Statements for (in million Pesos) Target Net lncome Budget Stalement PNOC-EC Oepartment Sub-total of Weishts 90% 85.4% GASS Dividends paid to PNOC-EC paid the Govemmenl Finance Copy of BTR an amount of OeparlmenU Official Receipt P75O, 168,474.741o both the (National Treasury Actual '1.358 - '100/o Planning & 1.5 1.5 'too/o 1.5 10% (OR) No. 8202127 National Govemmenl and to the and PNOC) Target - 1 .358 (in million Pesos) Budget H and PNOC OR PNOC, which totals to an amount Department No. 21054 of Pl .SBillion. No. of training Human Human Resources programs Resources 4 1 N/A N/A N/A N/A No weight. conducted Department No. of financial rePorts produced Finance Finance on or before the 12 N/A NiA N/A N/A No weight. Department I 'l 5rh of following month Sub-total of Weishts 10% 10% ?:o'€l of Welghts t% 95.1% 95.1/o