Expansion of License Portfolio – July 2025

Georgia Oil and Gas Limited (GOGL) has expanded its exploration acreage through the acquisition of additional petroleum licenses, including XIᴸ in South Samgori and Block XIᴮ-West Nakarala. These newly acquired areas, together with the existing XIᴴ license, bring the company’s recent expansion to a total of approximately 2,015 square kilometers under 3 Production Sharing Contracts (PSCs). This enlarged portfolio diversifies geological targets, increases exposure to multiple proven petroleum systems, and strengthens GOGL’s long-term position within Georgia’s upstream energy sector.