ONSHORE BLOCK: TANGA BLOCK

OPERATOR:

Octant Energy Tanga Limited (74%)

OTHER CONTRACTING PARTIES:

• Petrodel Resources Limited (26%)

License Area Size:

1,891.73 sq.km

PSA Signed Date:

20^th September 2006

Effective Date (Initial Expl Period):

20^th November 2006

First Exploration License:

20^th May 2013

Second Exploration License:

1^st August 2022

Current License Phase:

Exploration – Extended

STATUS OF OPERATIONS

The Operator is reprocessing of offshore 3D Seismic data and thereafter they are obliged to drill statutory exploration wells in the Contract Area.