Araifa Permit

The Araifa Exploration Permit Area is situated in the south of Tunisia on the territory of the hydrocarbon field in Ghadames province. This Permit Area location is to the North of the El Borma field (the largest one in Tunisia, discovered in 1965) and to the West of the Jebel Grouse field (discovered in 1981). In addition, the oil and gas pipelines running from the El Borma field cross through the Southeast part of the Araifa Exploration Permit Area.

The Operator of the Araifa Exploration Permit Area project is YNG Exploration Limited, which operates under the Convention with the Republic of Tunisia, whose interests are represented by the ETAP ('Entreprise Tunisienne d'Activités Pétrolièresthe' which is theTunisian petroleum state-owned Company).

The Exploration License for the Arifa Exploration Permit Area entered into force since its publication in the "Official Bulletin of the Republic of Tunisia" No103 on December 27, 2013.

The Arifa project provides for:

• Geological & Geophysical studies;
• Satellite image acquisition, processing, and interpretation;
• Acquisition, processing, and interpretation of 655 km² of 3D seismic data;
• Two (2) + One (1) exploration wells drilling.

On April 4, 2016, the field seismic works began on the Araifa Permit Area. The project provided for 3D seismic on an area of 655 km². The work on recording and receiving data was completed on August 3, 2017. The contractor for these services was the GeoSeis Service company.

In March 2022, the drilling of the first exploration well (Araifa-1) was completed.

On January 18, 2023, our company began drilling of the second exploration well (Araifa-2) – the depth is 2640 m, and the planned deadline – March 2023).

ARAIFA Permit Overview

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Name	Araifa
Classification	Exploration Permit
Location	Southern Tunisia
Association Contract	YNG Exploration Limited × YNG Exploration Limited Bur. B-1.3 Immeuble Lac de Constance, Rue du Lac de Constance,                                   Les Berges du Lac - 1053 Tunis, Tunisia                                   Phone: +216 71 963 043                                   Fax: +216 71 963 044
	Operator	50%
	ETAP	50%
Surface Area	1012 km²
Effective Date	December 27, 2013
JORT N°103 of December 27, 2013
Validity Extension:    December 26, 2025