Malta
Malta Southern Offshore (10% LGO)

• High potential exploration play in highly prospective oil and gas basin in
   proximity to Tunisia and Libya active petroleum basins

• Major seismic interpretation executed on the 5700 sq km PSC area

• Identified four prospects and five leads with gross mean 2P STOIIP of 5
   billion barrels and recoverable reserves of 1.475 billion barrels

• PSC signed with the Maltese Government to drill well on Area 4 (South
   Offshore Malta) to depth of 2500m. Currently targeting high chance of
   success drilling locations