Extracted from the 4th Quarter Financial Report for the period...

Extracted from the 4th Quarter Financial Report for the period ended June 2022 for Globaltec Formation Berhad (5220.MY), NGY's majority shareholder on 25 August 2022 -

B10. Exploration and development expenditure/activities

The dewatering process at the Muralim PSC was temporarily suspended since the quarter ended 30
September 2021, pending the necessary permit being issued by Ministry of Environment of Indonesia,
based on the latest revised environmental regulation issued in September 2021. The Energy segment
has subsequently obtained the environmental permit in January 2022. With the approval, the Energy
segment is now able to continue its dewatering process to determine the gas productivity for future
development. However, due to COVID-19 lockdowns imposed in the supplier’s country, the Energy
segment has only in end June received the necessary equipment to recommence the dewatering
process. On 1 August 2022, MEMR via SKK Migas has approved an additional exploration period
until 18 July 2023.