Oil and Gas Exploration in Africa

Investors

Equity Financings

DateShares*PriceProceedsNotes
August 4, 202647,000,000C$0.135US$4,500,000

Common Shares

March 31, 2025197,600,000C$0.10US$13,794,810**

Common Shares

September 30, 202016,333,400C$2.25 (SEK 15.00)US$27,600,000

Common Shares

February 5, 202020,930,435C$1.60 (SEK 11.50)US$25,000,000

Common Shares

May 4, 201872,478,125C$0.80 (SEK 5.45)US$45,000,000

Common Shares

November 16, 201612,000,000C$1.25C$15,000,000

Common Shares

December 31, 201523,008,333C$0.30US$5,000,000

Common Shares

March 30, 20156,497,231C$0.65C$4,223,200

Common Shares

* The number of shares in the table have been adjusted to reflect the 5:1 share consolidation that was effective May 30, 2025.

** The transaction consisted of a shares for debt component whereby the Company settled US$5,425,607 of existing indebtedness through the issuance of 389,847,000 Shares (pre-consolidation) to existing debtholders and a non- brokered private placement of 598,153,000 Shares (pre-consolidation) for aggregate gross proceeds of US$8,369,203.