Appointment of CEO

Further to the Company's announcement on 22 May 2025, the Company is pleased to announce the appointment of Mr David Patterson as Chief Executive Officer of the Company with immediate effect. David's appointment to the Board is expected to follow shortly, following completion of the customary on-boarding process for directors.

David is an experienced oil and gas explorer and geologist who has over 43 years oil and gas experience onshore US which includes several years of work in Utah and Colorado where most notably David was VP Geology for Rose Petroleum Plc (now called Zephyr Energy Plc) where he led the evaluation of over 250,000 acres of leases in Utah. David has held previous roles which include VP and manager of Exploration, VP of Geology, Supervisor of Reserves and Senior Geological Engineer in prior roles through his career and is based in Colorado.