Transform Equity

completed

Established in 2012, Transform Exploration Proprietary Limited (Transform Exploration or the Company) is an independent oil and gas exploration company located in Perth, Australia. Transform Exploration’s main area of focus is the island of Papua, comprising Papua New Guinea (PNG) and Indonesian Papua. Transform Exploration’s key assets in PNG are located in the Western Province and its asset portfolio includes discovered gas resources in the Ubuntu field as well as prospective gas fields held under its licenses. Transform Exploration also has a majority beneficial stake in a soon to be awarded Production Sharing Contract in Indonesia Papua close to the border of PNG.The proposed IFC investment consists of an equity investment of up to AU$21.5 million (US$18.9 million) in Transform Exploration. The proceeds from IFC’s investments will primarily be used to fund exploration activities (seismic and drilling) on its current licenses in PNG and to fund future general and administrative expenses.