Oil and Gas Exploration in Africa

The Company

Board of Directors

William Lundin

Chairman and Director

Mr. William Lundin has been the Chief Operating Officer of International Petroleum Corp. since 2020. Prior to that he served in production engineering and operations departments at International Petroleum Corp. and BlackPearl Resources Inc. since 2016. William holds a Bachelor of Engineering in Mineral Resource Engineering from Dalhousie University. Mr. Lundin is also currently on the board of ShaMaran Petroleum Corp.

Mr. Lundin has been on the board of Africa Energy since June 10, 2021. He is Chair of the Compensation Committee and a member of the Audit, Corporate Governance and Nominating Committee and the Reserves Committee. In the Company's opinion, Mr. Lundin is independent of the Company and executive management.

Garrett Soden

President, CEO and Director

Mr. Garrett Soden has worked with the Lundin Group for more than a decade and has extensive experience as a senior executive and board member of various public companies in the natural resources sector. Mr. Soden is currently a Non-Executive Director of Gulf Keystone Petroleum Ltd. and Panoro Energy ASA. He holds a BSc honours degree from the London School of Economics and an MBA from Columbia Business School.

Mr. Soden has been President, Chief Executive Officer and Director of Africa Energy Corp. since July 2017. He is a member of the Reserves Commttee. Mr. Soden is not considered to be independent of the Company and executive management. In the Company's opinion, he is independent of the Company's principal owners.

Siraj Ahmed

Director

Mr. Siraj Ahmed has been Chief Executive Officer of Impact Oil & Gas Limited since 2018, and prior to that served as General Counsel at Impact Oil & Gas Limited since 2014. Mr. Ahmed started his career in the legal profession at international law firm, Linklaters LLP.

Mr. Ahmed has been on the board of Africa Energy since June 10, 2021. He is Chair of the Corporate Governance and Nominating Committee and a member of the Audit Committee. In the Company's opinion, Mr. Ahmed is independent of the Company and executive management.

Johnny Copelyn

Director

Mr. Johnny Copelyn is the CEO of HCI and the chair of various of its subsidiaries including Tsogo Sun Gaming Ltd., Tsogo Sun Hotels Ltd., eMedia Holdings, and Deneb Investments Limited. Mr. Copeyln is the Non-Executive Chairman of Impact Oil and Gas. He was also an ANC Member of Parliament in the first democratic parliament of South Africa from 1994 to 1997 and the General Secretary of the SA Clothing and Textile Workers Union for many years before that. Professionally he is an attorney.

Mr. Copelynn has been a director of Africa Energy since 2020. In the Company's opinion, Mr. Copelyn is independent of the Company and executive management.

Ian Gibbs

Director

Mr. Ian Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a Bachelor of Commerce degree. He has held a variety of prominent positions within the Lundin Group of Companies, and he currently serves as CFO of Josemaria Resources Inc. (TSX and Nasdaq Stockholm), a company with assets in San Juan Province, Argentina. Previously, Mr. Gibbs was CFO of Africa Oil Corp., a TSX and Nasdaq Stockholm listed Canadian oil and gas company with assets in Kenya and Ethiopia and Tanganyika Oil where he played a pivotal role in the $2 billion disposition to Sinopec International Petroleum. Prior to Tanganyika Oil, Mr. Gibbs was CFO of Valkyries Petroleum, which was the subject of a $750 million takeover.

Mr. Gibbs has been a Director of Africa Energy since September 20, 2011. He is Chair of the Audit Committee, and a member of the Compensation and the Corporate Governance and Nominating Committees. In the Company's opinion, Mr. Gibbs is independent of the Company and executive management.

Keith Hill

Director

Mr. Keith Hill has over 35 years experience in the oil industry including over 20 years with the Lundin Group as well as international new venture management and senior exploration positions at Occidental Petroleum and Shell Oil Company. His education includes a Master of Science degree in Geology and Bachelor of Science degree in Geophysics from Michigan State University as well as an MBA from the University of St. Thomas in Houston. Mr. Hill is the President and Chief Executive Officer and a director of Africa Oil Corp., a publicly traded oil and gas exploration and development company with assets in Kenya. He is also a director of TAG Oil Ltd. and director of Eco (Atlantic) Oil & Gas Ltd. He was formerly Chairman of ShaMaran Petroleum Corp., director of BlackPearl Resources Ltd., Chairman and director of Petro Vista Energy Corp. (now 3 Sixty Risk Solutions Ltd. (formerly), director of Tyner Resources Ltd., President and Chief Executive Officer of Pearl Exploration and Production Ltd. (now BlackPearl Resources Ltd.), Valkyries Petroleum Corp. and Bayou Bend Petroleum (now ShaMaran Petroleum Corp.).

Mr. Hill has been a Director of Africa Energy Corp. since September 20, 2011 (Chairman from September 20, 2011 to July 7, 2016). He is Chair of the Reserves Committee and a member of the Compensation Committee. In the Company's opinion, Mr. Hill is independent of the Company and executive management.