Investor Presentaiton

South Africa Block 11B/12B Large Discoveries with De-Risked Upside AE AFRICA ENERGY • • • Two major gas condensate discoveries Massive acreage position with substantial upside Development studies and gas commercialization Production Right application expected by Sept. 2022 Asset Summary Eskom Feedstock to GTL and SOUTH AFRICA Power Plant ~300 MMcf/d PetroSA GTL Refinery Gourikwa Power Plant 740 MW 45k bbl/d 000000 Africa Energy block Oil field Gas field Condensate field Prospect Pipeline Refinery Power Plant AFRICA ENERGY Plettenberg Bay Mossel Bay BLOCK 11B/12B 18,734 km² AEC effective interest 4.9% Partners Basin Discovery wells Water depth (1) Total Energies (operator with 45%), QatarEnergy (25%), Canadian Natural Resources (20%) Outeniqua Basin Brulpadda-1AX / Luiperd-1X + DST 1,432 m / 1,767 m Resources Play type Current program > 1 Bboe (2) Submarine fan Development Studies and Gas Commercialization (1) The Company has signed definitive agreements that, subject to approvals and completion, will increase the effective interest in Block 11B/12B to 10%. (2) Resource numbers obtained from third-party public disclosure and have not been subject to independent audit by the Company. Slide 9 PetroSA EM Gas Field FA Gas Field Total FO Gas Discovery Sable Oil Field PetroSA Oryx & Oribi Oil Fields Luiperd Discovery Paddavissie Fairway Brulpadda Discovery 3D Seismic 3 remaining drill-ready prospects 2,900 km² with AVO conformance and flat spots 100km. OIL MATURE KITCHEN Cape Town SOUTH AFRICA Africa Energy | March 2022

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