Uncategorized

Walcot Group Signs Production Sharing Contract with ANPG for Block KON 1 Luanda / May 5, 2026 — Walcot Group is pleased to announce the signing of a Production Sharing Contract (PSC) with the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG) for the KON 1 block, located in the onshore Lower Kwanza Basin. The KON 1 block represents a significant strategic milestone for Walcot, strengthening the company’s footprint in Angola and underlining its commitment to responsible and efficient resource development in one of Africa’s most prospective hydrocarbon regions. Covering an area of approximately 1,575.75 km², the KON 1 block benefits from an established exploration history, including 16 drilled wells and 205.5 km of 2D seismic data. Current estimates place the Stock Tank Oil Initially in Place (STOIIP) between 935 million and 1.617 billion barrels of oil, highlighting the block’s substantial potential. Under the terms of the agreement, Walcot will act as operator with a 100% equity stake, enabling the company to implement a focused and agile exploration and development strategy. A spokesperson for Walcot Group commented: “This agreement marks an important step forward for Walcot. KON 1 offers a compelling combination of existing data and significant upside potential. We look forward to working closely with ANPG and contributing to Angola’s energy sector through responsible investment and technical excellence.” The company will now proceed with detailed technical evaluations and planning for the next phase of exploration activities. For media inquiries, please contact: Press Office Walcot Group

Walcot Group Welcomes Execution of Production Sharing Contract for Block KON 13 in Angola Walcot Group is pleased to announce the successful execution of the Production Sharing Contract (PSC) for Block KON 13 in Angola, marking an important milestone in the company’s continued expansion across Africa’s energy sector. The PSC has been signed between the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG) and the contractor consortium led by Oando PLC. Walcot Limited holds a 10% participating interest in the block, alongside Oando Exploration and Production Angola Ltd (45%, operator), Effimax Energy – Serviços, Lda (30%), and Sonangol Exploração & Produção (15%). Block KON 13 is located in the prospective onshore Kwanza Basin and represents a compelling exploration opportunity. Previous drilling activity has identified oil shows, reinforcing the block’s potential and underpinning the consortium’s confidence in advancing exploration efforts. From Walcot Group’s perspective, participation in Block KON 13 reflects a deliberate strategy to strengthen its footprint in high-potential African energy markets. The company is committed to contributing technical insight, strategic collaboration, and responsible investment to support the development of Angola’s oil and gas sector. As a minority partner, Walcot will work closely with the operator and consortium members to ensure efficient project execution, alignment with regulatory expectations, and value creation for all stakeholders. The partnership with established industry players further enhances the project’s prospects and provides a strong platform for long-term success. This development also aligns with Walcot Group’s broader vision of supporting energy security and economic growth across the continent while maintaining a disciplined and partnership-driven approach to upstream investments. Walcot Group looks forward to the next phase of activity on Block KON 13 and to building a constructive relationship with ANPG, its consortium partners, and the Angolan authorities. For media inquiries, please contact: Press Office Walcot Group

Walcot Group Secures Full Ownership of Block CON 7 in Angola Walcot Group is pleased to announce the execution of the Production Sharing Contract (PSC) for Block CON 7 in Angola, where Walcot Limited holds a 100% participating interest and will act as operator. The PSC has been signed with the Angolan National Agency for Petroleum, Gas and Biofuels (ANPG), marking a significant step in Walcot Group’s strategic expansion across Africa’s upstream energy sector. Full ownership of Block CON 7 underscores the company’s confidence in Angola’s hydrocarbon potential and its commitment to long-term investment in the region. Located in a promising geological setting, Block CON 7 offers substantial exploration upside. Walcot Group intends to leverage its technical expertise and agile operating model to efficiently advance exploration activities and unlock the block’s resource potential. As operator, Walcot Limited will lead all phases of the project—from seismic evaluation and drilling to potential development—while maintaining close collaboration with ANPG and adhering to the highest standards of operational excellence, environmental responsibility, and regulatory compliance. This milestone represents a natural progression of Walcot Group’s strategy to build a diversified and high-quality upstream portfolio in Africa. Operatorship provides the company with strategic flexibility and direct control over capital allocation, timelines, and development concepts, positioning it to maximize long-term value creation. Walcot Group remains committed to contributing to Angola’s energy ambitions, supporting local economic development, and fostering sustainable partnerships within the country’s oil and gas ecosystem. Walcot Group looks forward to commencing operations on Block CON 7 and to deepening its engagement with stakeholders across Angola. For media inquiries, please contact: Press Office Walcot Group

Milestone Achieved as Walcot, Oando, Sonangol, Effimax Initial PSC for KON 13 Oil Block Concession Walcot is delighted to announce that it has initialled the Production Sharing Contract (PSC) for Oil Block KON 13, in partnership with Oando, Sonangol, and Effimax. This marks an important step in strengthening collaboration and driving investment in Angola’s energy sector. Walcot and its partners are committed to working together to unlock the block’s potential, create sustainable value, and contribute to the growth of the local economy. Mr. Hyginus Ogbuike, General Manager, Walcot, said, “The initialing of the KON 13 Production Sharing Contract is a strategic milestone for Walcot, as it strengthens our long-term commitment to Angola’s upstream sector. Partnering with Oando, Sonangol, and Effimax reflects our shared vision of responsible energy development, sustainable value creation, and advancing Angola’s role in the global energy market”. Walcot is an independent energy company focused on exploration, development, and sustainable growth across Africa’s oil and gas sector. With a commitment to strategic partnerships, innovation, and local value creation, Walcot is dedicated to delivering energy solutions that drive economic progress and long-term impact for host communities and stakeholders. Media Contact: Corporate Communications Walcot Limited Email: info@walcotgroup.com Phone: +234 (0) 209 291 3415 Website: www.walcotgroup.com