Investor Presentaiton

South Africa Block 11B/12B Luiperd Gas Condensate Discovery NNW Slide 12 Mature Source Rock Luiperd-1X Gas-Condensate Reservoir Water Leg 1,767m 3,203m TD 3,371m + Basement Syn-Rift 0 SSE AE AFRICA ENERGY Tertiary Paddavissie Objective • 73 meters net gas condensate pay • Gas down to bottom of reservoir Upper Cretaceous . Middle Cretaceous 5Km Lower Cretaceous • Possible oil rim down-dip Significantly de-risks remaining three Paddavissie Prospects • Drill stem test (DST) flowed 33 MMcfpd natural gas and 4,320 bpd condensate on 58/64" choke • Reservoir connectivity better than expected • Absolute open flow (AOF) potential expected to be significantly higher than restricted DST flow rate • Positive DST results improve development scenario Africa Energy | March 2022

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