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MAUREL & PROM • Activity in the first half of 2021 Paris , 22 July 2021 No. 12-21 M & P's working interest production in first - half 2021 : 25,182 boepd O Production of 15,189 bopd for M & P's working interest on the Ezanga permit in Gabon , relatively unchanged from H2 2020 ( 15,671 bopd ) pending the resumption of development drilling О Production of 3,561 bopd for M & P's working interest in Angola and 38.6 mmcfd in Tanzania Valued production of $ 204 million for the half year , up sharply as a result of the significant increase in crude prices ○ Average sale price of oil up to $ 63.0 / bbl , a rise of 82 % versus H1 2020 ( $ 34.6 / bbl ) and 38 % versus H2 2020 ( $ 45.5 / bbl ) ○ Sales of $ 188 million after taking into account drilling activities ( $ 1 million ) and the restatement for lifting imbalances and inventory revaluation , which had a negative impact of $ 16 million ( only two liftings during the period ) • Continuing debt reduction and resumption of development activities ○ Net debt down to $ 413 million versus $ 455 million as of 31 December 2020 , thanks to debt repayments of $ 41 million during the first half and a stable cash position ( $ 167 million at 30 June 2021 versus $ 168 million on 31 December 2020 ) ○ Development drilling on the Ezanga permit resumed in mid - July , in parallel with a stimulation campaign on existing wells , in order to restore the production potential of the fields Page 1 of 4