EXR Future out look, page-13

The next phase of the Company’s appraisal program in the Nomgon sub-basin will comprise the
drilling of further step-out appraisal wells. The first well will test the northern limb of the Nomgon
syncline. These wells will be low cost stratigraphic wells with various objectives and with a range of
risk profiles. The results from these will be progressively reported in the following weeks and months.
After these appraisal wells the Company will move to new potential CBM hosting sub-basins in the
PSC to drill stratigraphic exploration wells. Well locations will be determined post the current 2D
seismic program and will incorporate the findings of both of the 2019 and 2020 seismic programs and
more recent field work.