Ann: Operations Update, page-5

Planning for the acquisition of the Rafael 3D seismic survey and the Rafael flow test is well advanced, however, Buru has now been informed by Origin that it will require additional time to consider the required internal approvals for these operations.

This unexpected delay has the potential to cause the seismic operations to be deferred to the first half of next year. Discussions will continue in regard to the proposed flow test in order to align the parties on technical matters.

Buru is working with Origin to resolve these issues and will provide updates as they become available.