Etablissements Maurel & Prom S.A. (ENXTPA:MAU) informed the market that it is in advanced discussions with the shareholder of Assala Energy Holdings Ltd. (“Assala”) with respect to the acquisition of all the shares of Assala (the “Proposed Acquisition”). Assala is an onshore oil upstream and midstream company in Gabon with working interest production of approximately 45,000 bopd in 2022. There can be no assurance that agreement between the parties will be reached on final terms and that the Proposed Acquisition will complete.

M&P will update shareholders as to progress made in relation to the Proposed Acquisition in due course.