Gas Flowing from all Three Pilot Wells at Gurvantes XXXV

▪ Critical desorption pressure achieved in all three pilot wells with sustained gas flow now established at the Gurvantes XXXV Coal Seam Gas Project in Mongolia ▪ Gas flowing consistently from all three wells and currently being flared ▪ Fluid levels (hydrostatic head) continue to be drawn down in accordance with the reservoir management plan ▪ Initial gas flow rate expected to be reported once hy