Large Exploration Opportunity

WALTON MORANT LICENSE, JAMAICA

5.5 MM Acres. 7+ Billion Barrels Identified

ANALAGOUS TO STABROEK, GUYANA

License Good to 2026

Huge Upside and Running Room

Favorable Fiscal Terms, Supportive Govt.

ACTIVE HYDROCARBON SYSTEM

Final Work Program--Prove Source & Charge

Seabed Coring and Seismic Reprocessing

Conv. Development with FPSOs Planned

FINAL $3 MM Study Program

~$40 MM Spent to Date incl. 3-D Seismic

GAFFNEY CLINE ENGINEERING

UP TO $70 BILLION ECONOMIC POTENTIAL

SEEKING PARTNER or OPERATOR

FINAL TECH & WORK PROGRAM

DV 9038