Europa Oil & Gas announced that an additional 716 BCF of unrisked Prospective Resources have been identified on the EG-08 block bringing the total gross unrisked Mean Prospective Resources on the block to 2.116 TCFe. Offshore Equatorial Guinea Following the acquisition of a 42.9% equity interest in Antler Global Limited, announced on 21 December 2023, Antler and our technical team has further evaluated the seismic data across the originally identified three prospects and completed a study to identify additional prospectivity on the EG-08 block.

 Antler holds a 80% interest in the EG-08 production sharing contract, located offshore Equatorial Guinea, with Guinea Ecuatorialde Petroleos (“GEPetrol”), the National oil company, holding the remaining 20%. The further technical evaluation of the seismic data has resulted in a Mean Prospective Resource of 2.116 TCF (internal estimate) for the block.