Path Investments : Schedule One - Path Investments Plc

Path Investments plc ('Path' or the 'Company') is an oil and gas company focused on the acquisition of production, or near production, oil and gas assets. The Company's first acquisition in line with this strategy is the acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany ('Alfeld-Elze II').

Alfeld-Elze II has been in production from the re-entered producing H-WD Z2 vertical well since 2015 and is currently producing at a rate of approximately 84.0 Mm3/d (c. 3.0 MMscf/d). The re-drilling of a second well at Alfeld-Elze II, the A-EZ Z4(2) well, was completed in February 2018 and subject to testing, final approvals and commissioning, production from A-EZ Z4(2) is anticipated to commence in H2 2018.

In addition to seeking to deliver significant near-term increases in gas production from Alfeld-Elze II, and following admission, the directors intend to continue to build a low risk and, over time, diversified, oil and gas portfolio.