On behalf of the Board of Directors of GFB, we are pleased to announce that NuEnergy Gas Limited (“NuEnergy”), a subsidiary of GFB which is listed on the Australian Securities Exchange (“ASX”) has on 3 August 2022, announced on ASX, that approval of an additional exploration time has been granted by the Minister of Energy and Mineral Resources Indonesia for the Muralim Gross Split Production Sharing Contract until 18 July 2023.

The additional time will be utilised to complete the de-watering activities on MU-005 (twin) well, to be followed by the submission of an Exploration Status Decision proposal and a Plan of Development proposal.

Further details are enclosed in the attached announcement made by NuEnergy.

This announcement is dated 3 August 2022.