land pruchase finalised for prabu - 1

Announcement out this morning re land purchase

Highlights
• Land Purchase Agreement finalised to acquire property for Prabu 1 drill-site
• Agreement and transfer of land approved and confirmed by the Indonesian Oil and Gas Regulator SKKMigas
• Agreement secures Quest’s rights to the property

Quest has received formal confirmation from the Indonesian oil and gas regulator SKKMigas that the land transfer has
occurred.

Importantly, Quest has successfully negotiated to purchase the land outright rather than entering into a land access or
use agreement. Title is held in the name of SKKMigas, as required under Indonesian law. The agreement enables Quest
to use the land for multiple purposes including seismic surveys, exploration wells, development wells and production
infrastructure