Ramba

Ramba: The Akatara-2 appraisal well (within the Lemang Block) encountered 20 potential reservoir layers (total sand thickness in excess of 1700 feet and a Net to Gross Ratio of 35%), with approximately 800 feet of hydrocarbon column, which includes hydrocarbon shows in the Crystalline Basement. The Company will prepare for a full comprehensive testing on the Akatara-2 well, as well as the remaining potential reservoir layers on the Akatara-1 well and Selong-1 discovery wells. In addition, the Company will seek approval from the relevant authorities for a potential immediate field development. Ramba holds a 51% working interest in the Lemang block.