Ann: December 2022 Quarterly Activities and Cash Flow Report, page-2

Upon a first review of the quarterly report - there is generally not much new information. By exception here, things that look/appear new - 2 items:

1. Ecogas project is now generating biogas, full completion should not be far away and this should lead to further and final milestone payment to DEL. Important given the comments section 8 of the Cash Flow Statement.

2. YVW - Ministerial sign off/approval has been achieved.

Section 8 of the Cash flow statement (Estimated Cash available) - interesting comments to read justifying the expected step-down in cash expenses.