Ann: Successful Production Testing - Killanoola-1 DW-1, page-270

Here Is Our Four Angola Bids Summary

Asset Name : Angola Block 15/06

Project Phase : Production

Farmout Company : Sonangol P&P are looking to divest their 36.84% stake in the block.

Other Partners : Block 15/06 is operated by ENI who hold 36.84%, Sonangol P&P hold 36.84% (to be divested) and SSI Fifteen hold 26.32%

Consideration sought : $25,000,000

Asset Name : Block 27

Project Phase : Frontier

Work Programmes : Seismic, Drilling

Consideration sought : $10,000,000

Sonangol hold 35% equity with the remainng 65% equity open and available. The block was awarded after the 2019 Bid Round with a commitment to drill 1 exploration well. The block is fully covered in 3D seismic

Asset Name : Angola Block 31

Project Phase : Appraisal / Development

Other Partners : Sonangol P&P, Equinor, China Sonangol International,

Farmout Company : Sonangol

Work Programmes : Drilling, Development

Consideration sought : $50,000,000

These open areas was formerly operated by BP however ANPG have decared the areas that remain in Exploration and Production status are now open. Additionally, Sonangol are divesting their interest in the PDAs (Production and Developmet Areas) which are all operated by BP.

Asset Name : Angola Block 03/05

Project Phase : Production

Other Partners : China Sonangol 25%, Angola Japan Oil Co 20%, ENI 12%, Somoil 10%

Farmout Company : Sonangol

Work Programmes : Drilling, Development

Consideration sought : $10,000,000