Investor Presentaiton
Company Highlights
ā
1) Updated on 3 February 2023
Source: Company information
Recent significant change on Maha's shareholder structure, board of directors and management, bringing sectorial expertise and successful
track record
An Investment Fund managed by Starboard, a Brazilian private equity firm, became Maha's new largest shareholder, with ~19.9%
ownership and representation on the board and management
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Starboard brings significant experience in oil & gas and finance ā the architect of 3R Petroleum, a leading Latin American E&P
independent with market cap.' of USD ~1.7bn
Capital increase via direct issue in December 2022, raising USD 20m strengthening capital structure and diversfying the shareholder
base with long-term investors
Actively searching for opportunistic and accretive global M&A transactions of mature oil and gas fields. Signed SPA for the divestment of
Brazilian assets and agreement for potential business combination with DBO Energy, which holds 15% in 3R Offshore's shares
Farmout and Joint Operational Agreement signed with Mafraq Energy LLC, for the assignment of Maha's 35% W.I on Block 70 in Oman.
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