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South Africa: Impact completes farm-in to Area 2 offshore South Africa 17 May 2021 Impact Oil & Gas, a privately-owned, African-focused, exploration company, has announced the completion of the farm-in transaction between its wholly-owned subsidiary, Impact Africa and Silver Wave Energy for the acquisition of a 90% working interest and operatorship of Area 2, offshore South Africa (Exploration Right reference 12/3/276). Following receipt of approval from the Government of South Africa, Impact now owns a 90% working interest and operatorship of Area 2 with effect from 14 May 2021. Impact completes farm-in to Area 2 offshore South Africa Philip Birch, Exploration Director of Impact Oil & Gas, commented: We are pleased to have concluded this transaction with Silver Wave Energy for Area 2 in deep water South Africa. This acquisition consolidates Impact’s position along the transform margin of the South African Natal Trough, adding over 78,000 km2 of acreage. Importantly, w

South africaCape agulhasWestern capeKwazulu natalNorthern capeTranskei algoaImpact oil gasSilver wave energyImpact africa limited operatorSilver wave energy for areaImpact oilImpact africaExploration rightExploration directorSouth african natal troughNatal trough