Impact Oil and Gas

Impact holds 100% interest and is Operator of the Orange Deep. This award increases Impact's world class acreage position in South Africa, to 89,661 km2 (gross) across three non- operated and two operated blocks. Orange Deep lies offshore on the west coast of South Africa and covers approximately 15,474 km2 in water depths from 2,700m. The block currently has a limited amount of data but lies along the outer edge of the Orange Basin and could contain deep water fans similar to the fans identified in Impact's Namibian Block 2913B which lies to the north. A TCP allows for desktop study and the acquisition of seismic data over the area and the Company has commenced a technical evaluation of the area to assess the prospectivity of apron fans that could have up-dip pinch-out seals against the outer high of the continental crust in the north-east of the Orange Deep TCP area and against oceanic crust in the west and south-west of the area. A TCP gives the holder the exclusive right to apply for an Exploration Right.