RESERVE BASED LENDING: AN ADAPTED TOOL

Financing Based on cash flows deriving from the development of the reserves, not corporate risk analysis

Detailed and recurrent technical due diligence on the financed oil & gas assets

A borrowing base approach evolving in line with development of reserves and production level

Strong structure allowing to accommodate country risk and even limited asset portfolios

Tailored to the financing needs and company development from a single asset to multi-asset, multi country portfolio

Various facility types depending on the purpose: Senior Debt, Stretched Facility, Junior/Mezzanine Debt

Flexibility in balancing contributions from equity holders and debt providers