Successful Exploratory/Appraisal Well ASH-2 Joins Stream with Significant Boost to Abu Sennan Egypt Western Desert Production

Exploratory/appraisal well ASH-2 which was spudded-in on October 21^st, 2019 and reached TD of 4,030 m MD in the Alam El Bueib Formation on November 22^nd, 2019 (logged to show 50 m net pay) was tested at ½” choke showing about 3,000 BPD oil and 4.3 MMSCFPD gas. Well has been selectively completed to allow production from upper and lower reservoir intervals and now steadily performing after being put on stream. As a result overall Abu Sennan production is now steadily in excess of 8,000 BOEPD.