Signing of the definitive agreement for the acquisition of a 40% operating working interest in the Sinu-9 gas licence in Colombia

Etablissements Maurel & Prom S.A. ("M&P", the “Group”) is pleased to announce it has entered into a definitive agreement with NG Energy International Corp. (“NG Energy”) to acquire of a 40% operating working interest in the Sinu-9 gas licence in Colombia, pursuant to the letter of intent signed on 19 January 2025.

Olivier de Langavant, Chief Executive Officer of M&P, declared: “We are very happy to have swiftly finalised this agreement with NG Energy. Sinu-9 is a great asset with tremendous potential, which suits perfectly our growth strategy in the region. The partners on the block have done a fantastic job in bringing the asset to first production, and Sinu-9 is set to contribute substantially to Colombia’s energy security. Our agreement provides for the involvement of M&P in the work programme starting from now, and our teams are already joining efforts with NG Energy to progress on the development and exploration of the asset.”