KrisEnergy Ltd. provides all stakeholders an update regarding the development and production performance of the KrisEnergy- operated Apsara oil field in Block A, offshore Cambodia and the implications on the Company's current restructuring exercise. As at 30 March 2021, the gross production rate at the Apsara field was 2,493 barrels of oil per day ("bopd") and the average gross production rate for the field for the 23 February 2021 to 30 March 2021 period was 2,883 bopd. The Apsara oil field commenced production from a single well, A-01D, on 28 December 2020. Four additional wells were brought on stream in the following sequence: A-04D on 30 January 2021; A-06D on 5 February 2021; A-05D on 14 February 2021; and A-03D ST on 22 February 2021. As previously stated, the Apsara Mini Phase 1A development is an initial small-scale project in order to observe and appraise reservoir performance in the previously unproduced Khmer Basin and collect vital production and subsurface data to determine the long-term potential and value of the Apsara area in Block A. To date, the highest production rate achieved at the Apsara field was 3,534 bopd on 27 March 2021. Based on production rates and pressure behaviour for individual well performance in the first 36 days since all five wells went online, the Company's preliminary analysis indicates that the reservoirs encountered in the five development wells appear less productive and continuous in nature than expected compared with the results from the original appraisal wells. Work is ongoing to evaluate the results and to formulate future plans. Consequently, the pre-development forecast of peak production of 7,500 bopd will not be achievable for Apsara Mini Phase 1A. In line with lower production rates, preliminary observations also indicate that the ul imate recovery from the five development wells is likely to be significantly lower than pre- development expectations as the limited continuity of the reservoirs encountered will decrease the original oil-in-place ("OOIP") estimates associated with the producing wells.