Well Re-Completion and Evaluation Summary for AKAKOCA-1 Platform: Overview of Operations and Pay Intervals

This detailed summary covers the re-completion, log evaluation, and perforation carried out on the AKAKOCA-1 platform on 26th October 2023. It includes information on the well location, trajectory, gas pay intervals, sand intervals (C, B, A, and AA), along with gas percentages, resistivity, and fluid saturation. The data is presented in graphical form for easy understanding and analysis of the operations conducted at Park Place Energy.

• Well Operations
• Log Evaluation
• Gas Pay Intervals
• Park Place Energy
• Reservoir Mapping

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1. RE-COMPLETION G L -2 WEST AK AKOCA-1 AK AKOCA-3 LOG EVALUATION & PERFORATION 26.10.2023 PARK PLACE ENERGY

2. RESERVE MAP PARK PLACE ENERGY

3. WELL LOCATION & TRAJECTORY AK AKOCA PLATFORM MD: 3839m TVDSS: -1594m MD: 2200m TVDSS: -1636.4m MD: 1725m TVDSS: -1583.4m MD: 3910m TVDSS: -1589.85m MD: 1954m TVDSS: -1476.6m MD: 1706m TVDSS: -1685m MD: 2826.7m TVDSS: -1510.9m PARK PLACE ENERGY

4. GL-2 PARK PLACE ENERGY

5. Sand C Pay Interval (m) (MD) (TVD) 3644.04 3653.85 (1366.58-1375.04) 9.81 m (8.46 m) 3646.53m (MD); 1369.30m (TVD); 1336.04m (TVDSS) Max Tot. Gas % 0.52 GAS PAY 3644.5 3644.04 m e % 21 3.0 m Vclay % 35 Sw 58 9.81 m Sw % 58 3647.5 Resistivity up to 7.1 ohm.m 3653.85 m GAS PAY 3665.0 Pay Interval (m) (MD) (TVD) 3665.22 3674.52 (1386.12-1394.77) 9.30 m (8.65 m) 3665.22 m 6.0 m Sw 55 3672.63m (MD); 1393.47m (TVD); 1360.21m (TVDSS) 9.30 m Max Tot. Gas % 0.73 3671.0 e % 21 3674.52 m Vclay % 22 Sw % 55 Resistivity up to 11.2 ohm.m *Apprx. 27 cm shift for 25.3 penetration 23 deviation Gas Pay 9.30 m Gas Pay 9.81 m in Perforation 3665.0- 3671.0 Perforation 3644.5- 3647.5 6.00 m 3.00 m PARK PLACE ENERGY

6. Sand B (Deeper) 3579.42 3585.06 (1308.52- 1313.47) Pay Interval (m) (MD) (TVD) 5.64 m (4.95 m) 3583.64m (MD); 1312.68m (TVD); 1279.42m (TVDSS) Max Tot. Gas % 1.05 GAS PAY 3580.0 3579.42 m e % 20 5.0 m 5.64 m Sw 48 Vclay % 24 Sw % 48 3585.0 3585.06 m Resistivity up to 12.7 ohm.m Gas Pay 5.64 m Perforation 3580.0- 3585.0 5.00 m *Apprx. 32 cm shift for 25.3 penetration in 28 deviation PARK PLACE ENERGY

7. Gl-2 - Sand A GAS PAY 3512.06 m 3512.0 2.0 m 2.74 m Sw 49 3514.0 3514.80 m Pay Interval (m) (MD) (TVD) 3512.06 - 3514.80 (1251.27-1253.60) 2.74 m (2.33 m) Max Tot. Gas % 3513.05m (MD); 1252.13m (TVD); 1218.87m (TVDSS) Gas Pay 2.74 m 1.06 e % 20 Perforation 3512.0- 3514.0 2.00 m Vclay % 20 Sw % 49 Resistivity up to 7 ohm.m PARK PLACE ENERGY

8. Sand AA GAS PAY 3502.15 m 3504.5 6.1 m 3.0 m Sw 55 3508.25 m 3507. 5 Pay Interval (m) (MD) (TVD) 3502.15 3508.25 (1242.62-1247.68) 6.10 m (5.07 m) Max Tot. Gas % 3504.55m (MD); 1245.01m (TVD); 1211.75m (TVDSS) Gas Pay 6.1 m 2.24 e % 19 Perforation 3504.5- 3507. 5 3.0 m Vclay % 27 Sw % 55 *Apprx. 35 cm shift for 25.3 penetration in 33 deviation Resistivity up to 7 ohm.m PARK PLACE ENERGY

9. WEST AKAKOCA-1 PARK PLACE ENERGY

10. W.AK-1 Sand B - Perforation Pay Interval (m) (MD) (TVD) 3491.8 3493.0 (1329.3-1330.2) 1.2 m (0.9 m) 3491.9 m (MD); 1329.4 m (TVD); 1296.1 m (TVDSS) Max Tot. Gas % 1.91 e % Vclay % Sw % 22 24 50 up to 4.5 ohm.m Resistivity Gas Pay 1.2 m Perforation (3492.0 - 3493.0) 3492.0 1.0 m 1.0 m Sw 50 4.5 .m 3493.0 Shale

11. W.AK-1 Sand A - Perforation 3425.2 3426.3 (1282.9- 1283.6) Pay Interval (m) (MD) (TVD) 1.1 m (0.7 m) 3425.2 m (MD); 1282.9 m (TVD); 1249.7 m (TVDSS) Max Tot. Gas % 1.74 e % Vclay % Sw % 22 14 50 3425.0 1.0 m up to 5.7 ohm.m 5.7 .m 3425.2 3426. 3 Resistivity Sw 50% 3426.0 Gas Pay 1.1 m Perforation (3425.0 - 3426.0) 1.0 m 3454.0 3453.2 5.0 m Sw 48% 7.1 .m 3459.0 3459.3 Pay Interval (m) (MD) (TVD) 3453.2 3459.3 (1301.7-1305.9) 6.1 m (4.2 m) Gas Pay 6.1 m 3457.2 m (MD); 1304.5 m (TVD); 1271.2 m (TVDSS) Max Tot. Gas % 1.00 Perforation (3454.0 - 3459.0) 5.0 m e % Vclay % Sw % Resistivity 21 18 48 *Apprx. 62 cm shift for 25.3 penetration in 45 deviation up to 5.9 ohm.m

12. W.AK-1 Sand AA - Perforation 3395.3 3398.7 (1264.0- 1266.1) Pay Interval (m) (MD) (TVD) 3.4 m (2.1 m) 3395.3 m (MD); 1264.0 m (TVD); 1230.8 m (TVDSS) Max Tot. Gas % 0.72 e % Vclay % Sw % 22 14 55 up to 7 ohm.m Resistivity Gas Pay 3.4 m Perforation (3395.0 - 3398.0) 3.0 m 3395.0 3395.3 3.0 m 3.8 .m Sw 55% 3398.0 3398.7 Tight 6 0 % PARK PLACE ENERGY

13. AKAKOCA-3 PARK PLACE ENERGY

14. Akakoca-3 (Re-Comp) GAS PAY PERFORATION INTERVALS RESERVOIR INTERVAL m (MD) INTERVAL m (MD) V clay (%) THICKNS THICKNS Sw (%) (%) m m Top Bottom Top Bottom SAND C Re- Perf 1839.0 REMANINING PERFS 1836.5 1843.5 7.0 10 25 44 1839.01843.0 (4.0) 1st RUN 4.0 m 1843.0 SAND E 2001.0 2013.3 12.3 20 19.5 58 2009.52015.5 (6.0) 2nd RUN PERF ED & PRODUCED 0.34 BCF in 138 Days SAND B 1741.0 1750.0 9.0 18 25.8 55 1741 1748 7 2009.5 Cum. Production= 0.34 bcf 6.0 m 2015.5 Remaining total Gas Pay 25.9 m E, C Sands

15. THANK YOU PARK PLACE ENERGY