Quarterly Activities/Appendix 5B Cash Flow Report

Consistent well performance from PM-1 for the quarter meeting production expectations and driving continued strong operating cashflows

Transition to a new offtake agreement with a new supply contract commencing 1 October 2025 with Hera Trading

Updated EIA and development program for Casale Guida-1d, Ronchi-1d, Bagnarola-1d, and Selva Malvezzi-1d, incorporating further progress on ministry recommendations

Field activities scheduled for Q4/2025 for the 3D geophysical survey for the Broader Selva Concession Development Program, with permitting processes and landowner agreements near completion