“We are extremely pleased with the excellent support received...

“We are extremely pleased with the excellent support received from new and existing shareholders and it is
a strong endorsement of our Cabora Bassa project and the exciting and world class Mzarabani-1 Prospect
which the Company is preparing to drill.
The placement funds will allow us to commence our 2D seismic acquisition campaign to refine the drilling
targets in the stacked Mzarabani Prospect and identify additional prospectivity in the SG 4571 permit.
The Company will also use part of the proceeds from the placement to order long lead drilling equipment
and undertake a rig tender exercise. In addition, the placement will provide ongoing working capital to
support the development of the project as it continues to prepare for a high impact basin opening drilling
campaign, anticipated in late CY21 / early CY22.”