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• In the year 2013, Contract 1-2011 was awarded to CITY PETEN. It is also an Oil & Gas   Exploration and Exploitation Contract, with a 25-year term.

• The lease area is adjacent to the area of Contract 1-2006, and has an original extension of over   350,000 acres.

• Four exploratory wells have been previously drilled in this Contract Area by other   companies, with promising shows and similar characteristics of hydrocarbons, as the ones   found in Contract 1-2006.

• CITY PETEN is in the process of obtaining the final authorization of the Environmental   Impact Study that will allow the initial exploration activities to begin.