SOUTH SUDAN EXPLORATION

• The SFF and South Sudan Ministry of Petroleum negotiated terms and conditions which resulted in the signing of EPSA to acquire Exploration & Production rights in Block B2 South Sudan.
• SFF has commenced with the exploration activities and a service provider was appointed end of June 2022 to commence with the acquisition of Gravity Magnetic Data in Block B2.
• The project will also be completing the Scoping of the Environmental and Social Impact Assessment (ESIA) which will be submitted in 2024 for the approval of the Sudanese Government.
• The project is forecasting to finalize its exploration activities by drilling of wells in 2026.