About LEK OIL AND GAS LIMITED

Strategy

LEKOIL’s strategy is to grow into a key E&P player in Latin-America through acquisition, exploration, development and operation of its existing reserves and resource base in Colombia and Argentina.

LEKOIL has a large inventory of drillable prospects with significant upside potential and has low risk development drilling, workover and gas re-injection targets within the Puli C, Mata Magallanes Oeste licenses and exploration prospects in its exploration licenses and five exploitation concessions in the province of Santa Cruz. As an independent oil & gas exploration and production company, LEKOIL aims to explore and produce oil & gas in an economically efficient and sustainable way for our shareholders and all stakeholders. The Company applies the same aim for sustainability to all activities in all locations where it operates. LEKOIL strives to satisfy both commercial and ethical requirements and is continuously improving performance to act in accordance with good oilfield practice and high standards of sustainability.

The Company also monitors and assesses developments and trends in the energy sector at large, including progress and changes in adequate environmental, social and corporate governance (ESG) standards and progress in energy transition initiatives, and accordingly adjust the company’s standards to any such external impact.

LEKOIL applies the same standards to activities in all locations where it operates to satisfy both commercial and ethical requirements.