Maurel & Prom Group: Update on the Situation in Gabon

PARIS--(BUSINESS WIRE)--Regulatory News:

The Maurel & Prom Group (Paris:MAU) informs that the current situation in Gabon does not affect the safety of the employees of its Gabonese subsidiary.

On-site activities are proceeding normally, with no impact on production.

In addition, the process of acquisition of Assala Energy by the M&P Group, whose share purchase agreement was signed on August 15, 2023, is continuing. The Transaction still remains subject to various approvals, including from the Republic of Gabon and CEMAC (Communauté Economique et Monétaire de l'Afrique Centrale) merger control clearance.
For information, Assala Energy's activities and production are also unaffected by recent events.

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For more information, please visit www.maureletprom.fr/en/

This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forecasts contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed for trading on Euronext Paris
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Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA