Decipher Orlando Field Update

The Orlando field has been on production since 29th March 2019. The reservoir is capable of producing over 10,000 bopd, however, as a result of issues with the upper completion, peak rates have been restricted to around 5,000 bopd. Decipher are reviewing whether a workover may be required to deliver the planned peak production rates from the field. The Orlando estimated 2P recoverable reserves remain unchanged at c. 10 MMbbls.

Decipher is continuing to mature the potential high value Senna and Mansell discoveries.