Portfolio

Location: Namibia
Partner: Private
Asset: Block 1724

• Early stage oil and gas targets
• A Karoo Basin in the Southern Trans-Africa Rift and Shear System
• Prospective basin with observed carbonaceous content

Ownership: 10% project interest

Notes: Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information. Should the block be awarded to the Group, Cloudbreak will provide up to USD $120,000 to support exploration initiatives during the first year in exchange for a 10% interest in Block 1724.

Location: Namibia
Ticker: Private
Asset: Block 2019

• Early stage oil and gas targets
• A Karoo Basin in the Southern Trans-Africa Rift and Shear System
• Waterberg Basin, Central Namibia

Ownership: 20% | ROFR on future equity offerings up to 10%

Notes: Namibian exploration for oil and gas is early stage and largely untested. Cloudbreak will act as a financial partner to the and sit on the joint operating committee giving corporate direction and reviewing technical information. In exchange for providing a financial guarantee for the first phase exploration programme for Block 2019, Cloudbreak will be granted a 20% interest in Prosper Africa Resources Limited, the holding entity for Block 2019.

Location: Texas
Ticker: CSE: GTOO
Partnered Asset: Masten Unit Energy Project

Asset:

• Permian Basin Oil and Gas target
• Part of the billion-barrel Levelland Field, Cochran County, Texas
• Anticipated low-operating expense of $15.49/boe all-in (including production tax)

Warrants: 6,500,000

Debenture: USD $2 million @ 2% for 20 months

Royalty: 3.25% ORI | 2 mile AOI with 1% ORI

Notes: In addition to the 3.25% ORI, the agreement includes an area of interest providing Cloudbreak with a 1% ORI on any project acquired within a two-mile radius of the Masten Unit lease boundary and area of influence giving Cloudbreak the right of first refusal to finance additional acquisitions within five miles of the project boundary and apply its existing 3.25% ORI to that project.

https://www.g2.energy

Location: Southwest Texas
Ticker: Private
Partnered Asset: Butte Project

Asset:

• All contiguous land along the eastern flank of the Midland Basin -897 acres, Irion County, Texas
• Phase 1 development (fully-funded)–170boe/d Rework 3 existing wells, 2 production wells + 1 water injection well.  Enhance production wells with High Volume Lift.

Warrants: 6,000,000

Debenture: Convertible into royalty

Royalty: 6% Gross overriding after conversion of debenture

Notes: First Production: Q3/23 Peak Annual Royalty Cashflow: £0.82m . The agreement includes an area of interest 2 mile/5 mile 

Location: Global
Ticker: Private
Asset:

• Diversified portfolio of global mineral exploration and development projects

Ownership: Wholly owned subsidiary of Cloudbreak Discovery Plc