Earnings release
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MAUREL & PROM • Paris , 21 October 2021 No. 14-21 Activity for the first nine months of 2021 M & P's working interest production for the first nine months of 2021 : 25,032 boepd ○ M & P working interest production of 15,160 bopd on the Ezanga permit in Gabon ; first effects already noted after the resumption of development drilling in July , with a production of 16,542 bopd for M & P's working interest in September M & P working interest production of 3,607 bopd in Angola and 37.6 mmcfd in Tanzania for the first nine months of 2021 • Valued production of $ 317 million and sales of $ 301 million for the period , up 32 % and 42 % respectively compared to 2020 о Buoyant market with an average sale price of $ 66.7 / bbl for oil Sales of $ 301 million after taking into account drilling activities ( $ 1 million ) and the restatement for lifting imbalances and inventory revaluation ( combined negative impact of $ 17 million ) • Accelerating deleveraging thanks to strong cash flow generation О Cash position of $ 161 million as at 30 September 2021 , representing net debt of $ 397 million , reduced by $ 58 million over the first nine months of 2021 О Further debt reduction is expected by the end of the 2021 fiscal year , with sustained cash flow generation due to two crude lifting before the end of the year for a total of around two million barrels ○ Refinancing of debt planned by the end of 2021 Page 1 of 4