OFFSHORE BLOCK: BLOCK_1

OPERATOR:

Shell Exploration and Production Tanzania Ltd (60%)

OTHER CONTRACTING PARTIES:

• Ophir Energy (20%)
• Pavilion (20%)

License Area Size:

2,937.459 sq.km

PSA Signed Date:

29^th Oct 2005

Effective Date (Initial Exploration Period):

7^th December 2005

First Exploration License:

7^th December 2009

Second Exploration License:

14^th January 2015

License Effective Date:

30^th June 2020

Current License Status:

Exploration – Extended

STATUS OF OPERATIONS

The Operator is finalizing negotiation of Host Government Agreement (HGA) with the Government for the LNG Project. Once the HGA signed they will commence undertaking pre-development studies (Pre-Front End Engineering Design & Front-End Engineering Design), Geotechnical studies, project foundation activities to develop the discovered Offshore natural gas.