PPGPL and TOTAL acquisitions

NGC increased its ownership of PPGPL to 90% in 2013, by acquiring ConocoPhillips’ 39% stake. This was followed by NGC’s purchase of the Exploration and Production (E&P) assets in the Angostura field of the France-based energy operator TOTAL Trinidad B.V., and Elf Exploration Trinidad B.V.’s 30% interest in Block 2 (c) and 8.5% in Block 3 (a) respectively.