Maurel & Prom

Update on activities in Gabon

Regulatory News:

The Maurel & Prom Group (“M&P”) (Paris:MAU) confirms discussions were held last week between the management of M&P Gabon and the representatives of local communities around the Ezanga permits following their demands in terms of employment and economic benefits.

These discussions took place with the support of the Gabonese authorities and quickly resulted in an agreement whereby expansions of existing ESG programmes will be reviewed and proposed in the upcoming weeks.

It is worth highlighting that production was not affected at any time.

Separately, the approval process for the acquisition of Assala is currently underway with the Ministries of Oil and Economy of Gabon, as well as with CEMAC.

Français									English
pieds cubes			pc			cf			cubic feet
millions de pieds cubes par jour			Mpc/j			mmcfd			million cubic feet per day
milliards de pieds cubes			Gpc			bcf			billion cubic feet
baril			B			bbl			barrel
barils d’huile par jour			b/j			bopd			barrels of oil per day
millions de barils			Mb			mmbbls			million barrels
barils équivalent pétrole			bep			boe			barrels of oil equivalent
barils équivalent pétrole par jour			bep/j			boepd			barrels of oil equivalent per day
millions de barils équivalent pétrole			Mbep			mmboe			million barrels of oil equivalent

For more information, please visit www.maureletprom.fr/en/

This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forecasts contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed for trading on Euronext Paris
CAC All-Tradable – CAC Small – CAC Mid & Small – Eligible PEA-PME and SRD
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

View source version on businesswire.com: https://www.businesswire.com/news/home/20231001744107/en/

The Etablissements Maurel & Prom Stock at the time of publication of the news with a fall of -0,04 % to 4,899EUR on Lang & Schwarz stock exchange (02. Oktober 2023, 07:33 Uhr).