August 01 (Lagos, Nigeria):

Eastlake Exploration and Production Limited (Eastlake) holds the rights for the Financial and Technical Services Agreement (FTSA) over the North Western Portion of the OML 141 through a fully activated and executed Heads of Agreement (HOA). This HOA was renewed and executed with Emerald Energy Resources Limited, the Operator of this sole risk Block effective August 1, 2024.

OML 141NW covers 105 square kilometers and has huge contingent and prospective resources.  OML 141NW has four (4) drilled and suspended wells (for future re-entry) and all wells encountered hydrocarbons at relatively shallow depths.

Eastlake is strategically partnering with HSI Energies for this development.