Earnings release
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义 MP MAUREL & PROM Paris , 22 October 2026 No. 22-26 Activity for the first nine months of 2026 • M & P working interest production for the first nine months of 2026 : 39,126 boepd , up 4 % compared with 2025 , with an acceleration in Q3 ( + 8 % versus Q2 ) о M & P working interest production of 13,710 bopd in Gabon о M & P working interest production of 3,973 bopd in Angola M & P working interest gas production of 67.0 mmcfd in Tanzania M & P working interest gas production of 10.3 mmcfd in Colombia о M & P Iberoamerica working interest oil production of 8,558 bopd in Venezuela • Strong increase in valued production to $ 521 million ( + 32 % ) and consolidated sales to $ 574 million ( + 17 % ) Average oil sale price of $ 98.8 / bbl , up 40 % compared with 2025 Contributions of $ 8 million from service activities and $ 57 million from trading of third - party oil , partly offset by a negative $ 11 million impact from lifting imbalances and inventory revaluation • Promising gas discovery at the Kasa - 1X well in Tanzania • о Confirmation of a gas reservoir with encouraging characteristics Current production from Mnazi Bay of approximately 130 mmcfd ( 78 mmcfd working interest ) , supported by gas demand and the bringing on stream of the two new wells MB - 5 and MS - 2 Continued operational developments in Angola and exports from Venezuela о Significant discovery at the Pacassa South West well in Angola о Continued crude oil sales in Venezuela , with three liftings during Q3 • Significant progress towards completion of the acquisition of Gran Tierra's assets in Colombia and Ecuador о Required consent obtained on 22 September from holders of the 2031 notes Transaction approved on 9 October by Gran Tierra shareholders Regulatory approval processes ongoing , with completion of the transaction still expected by year- end • Strengthened financial structure following a $ 465 million refinancing , bringing available bank liquidity to $ 505 million Positive net cash position of $ 40 million at 30 September 2026 , after payment of $ 89 million in dividends and the $ 50 million deposit relating to the Gran Tierra acquisition during Q3 Refinancing completed in early October , extending bank debt maturity to October 2031 , with a one - year grace period and attractive financing terms Available bank liquidity of $ 505 million , excluding the undrawn $ 100 million in shareholder loan 1