01.04.2024 PUNA has lifted the Force Majeure in the Company’s Project

PGNiG Upstream North Africa B.V. (PUNA) has lifted the Force Majeure in the Company’s Project with the effective date of 1 April 2024. The decision was made bearing in mind the letter from the National Oil Corporation (NOC) dated 14 February 2024 with their assurance of the relatively stable political and security situation in the region of the Contract Area 113 and declaration of providing by the NOC any support needed.

PUNA is in the process of preparations for the resumption of its exploration operations that are scheduled for the second quarter of 2025.