September: Gas production commences from ENI-operated East Obaiyed concession

August: Oil discovered in Qattara depression with SEMD-3X exploration well; 5th SEM development lease awarded

January: Working interest production reaches c. 11,000 bopd as Apex becomes 8th ranked producer in Egypt

January-June: Closed acquisition of 6 concessions from ENI

December: Signed RBL facility with Mauritius Commercial Bank for funding of ENI acquisition

September: Production from SEM reaches c. 8,000 bopd

May: Signed purchase agreement with ENI to acquire interests in 6 concessions in the Western Desert

January: Awarded East Siwa exploration concession in 50:50 partnership with Italian major ENI s.p.A.

August: Commenced production from Fajr field, record time from discovery to production for new Egypt producing company

March: Awarded Fajr development lease (additional development leases followed)

February: Commercial discovery declared

January: Second SEM exploration well, SEMZ-11X, discovered net oil pay in Middle Bahariya, tested at c. 2,200 bopd

Drilled first exploration well in SEM concession, SEMZ-1X, an oil discovery

Drilled 3 exploration wells in WBED concession

Acquired 1480 km2 of 3D seismic

Signed two exploration concessions in Egypt’s Western Desert, Southeast Meleiha (SEM) and West Badr el Din (WBED) Established Cairo office

Apex founded in Houston, Texas