ONSHORE BLOCK: RUVUMA

OPERATOR:

ARA Petroleum Tanzania Limited (75%)

OTHER CONTRACTING PARTIES:

• Ndovu Resources Ltd (25%)

License Area Size:

766.76 sq.km

PSA Signed Date:

29^th October 2005

Effective Date (Initial Expl Period):

29^th October 2005

First Exploration License:

3^rd December 2012

Second Exploration License:

28^th January 2014 – Second Period has been extended

License Effective Date:

15^th August 2021

Current License Phase:

Exploration – applied and awaiting Development License

STATUS OF OPERATIONS

The Operator has completed interpretation of 3D Seismic data and currently preparation of drilling Chikumbi-1 well is ongoing including mobilization of Long Lead Items and procurement of the drill rig. Further, pre-development activities are underway including preparation of wells workovers towards commencement of production of natural gas