The National Agency for the Valorization of Hydrocarbon Resources "ALNAFT"

PROSPECTING AUTHORIZATION

issued by ALNAFT, in accordance with the law governing hydrocarbon activities, which gives the prospector the non-exclusive right to carry out prospecting activities in a perimeter.

It is issued for a period of two (2) years, renewable once for a maximum period of two (2) years. The conditions and procedures for obtaining the prospecting authorization are defined by ALNAFT.

The financing of prospecting activities is the responsibility of the prospector (s)