Ann: Invictus Energy Total Prospective Resource Update 9.25 Tcf, page-2

PROSPECTIVE RESOURCE ESTIMATE UPDATE – 9.25 TCF
Highlights
• Total Prospective Resource of 9.25 Tcf + 294 million barrels# of conventional gas / condensate (gross mean unrisked) across SG 4571 in Mzarabani and Msasa prospects
• Mzarabani Prospect estimated to contain 8.2 Tcf + 250 million barrels# of conventional gas / condensate (gross mean unrisked) across 5 horizons
• Additional Msasa Prospect identified in SG 4571 estimated to contain 1.05 Tcf + 44 million barrels# of conventional gas / condensate (gross mean unrisked) across 3 horizons
“The Mzarabani Prospect has grown significantly in its scale and represents one of the largest conventional exploration targets globally. The Independent Report by Getech has estimated the net mean recoverable conventional potential of the massive stacked Mzarabani prospect of 1.3 billion boe (barrels of oil equivalent) consisting of 6.5 Tcf and 200 million barrels of condensate net to Invictus. The estimate for the primary Upper Angwa target within the Mzarabani Prospect has increased to 4.4 Tcf + 187 million barrels of conventional gas-condensate on a gross mean unrisked basis. In addition, the newly identified Msasa Prospect, a new substantial structural prospect within SG 4571 which is also a stacked anticline feature, is estimated to contain 1.05 Tcf and 44 million barrels of conventional gas-condensate on a total gross mean unrisked basis.