Exploration License Sample Contracts

Exploration License Between
Exploration License • May 28th, 2021

Ministry of Petroleum and Mineral Resources - Egyptian Mineral Resources Authority - located 3 Salah Salem Road - Abbassiya - Cairo, Arab Republic of Egypt. And represented by law in signing this license by the Chairman of the Board of Directors of the Authority in his capacity as the authorization issued to his sovereignty by Ministerial Resolution No. ------------ of -------------

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EL 4392 FOBOMA PTY LTD
Exploration License • November 28th, 2012

EL 4392, with an area of 98 km2, was granted to Varuno Pty Ltd on 21/6/99. A joint venture agreement was entered into with Eastern Energy Australia Pty Ltd on 26/10/2000 and with Eastern Energy Australia Pty Ltd and Eastern Star Gas Ltd on 17/1/2001. A partial relinquishment of 26 km2 was carried out on 17/4/03 and another 32 km2 was relinquished on 3/6/05. Following conversion to GDA 94 on 1/7/05 the area became 64 Gs. The licence was surrendered in full on 14/6/12.

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