Maha Energy AB (Publ) (Maha) has reinforced its team by bringing two senior officers to its management. Barbara Bittencourt has been appointed Chief Legal Officer (CLO) and Jakob Sintring has been appointed new Head of Investor Relations. Both will strengthen the existing Maha team with substantial experience and contribute to transparency in accordance with international best practices and provide for close contact with the Company’s shareholder base.

The new executives join Maha’s team at a moment when the company has just passed through important changes in the C-Level management and on its board of directors and started to implement the reshuffling of its operational assets as part of its new strategic plan. The new appointments will help Maha to (i) enhance communication with the market and its shareholders; (ii) develop its internal policies related to compliance, regulatory framework, ESG, among others and (iii) fully comply with the high standards of governance for Swedish listed companies.

Ms. Bittencourt has over 15 years of experience within energy and natural resources, focusing her career on transactions and regulatory issues in the oil and gas industry. Before joining Maha, Barbara was a partner of the Brazilian law firm Demarest Advogados at their Energy and Natural Resources practice. Previously, Barbara was a Senior Associate of DLA Piper/Campos Mello Advogados. She holds a master’s degree in Oil and Gas from the University of Aberdeen (Scotland) and a Bachelor of Laws degree from Universidade Milton Campos (Brazil), and specialization in Maritime Regulation and Ocean Management from Harvard University. Barbara will also be responsible for Compliance and ESG and take up her new position with immediate effect.

Jakob Sintring has 20 years of investor relations experience within the commodities industry, presently as Head of IR and Communications at Kopy Goldfields AB. He has previously held senior positions at oil companies, including Alliance Oil Company and Tethys Oil. Mr. Sintring holds a Bachelor’s degree in Business and Economics at Uppsala University. He will join Maha later this spring.

Miscellaneous 
The information was submitted for publication, through the agency of the contact person set out below, at 13:05 CET on 2 February 2023.

For more information, please contact:        
Paulo Thiago Mendonça, CEO
Phone: +46 8 611 05 11
E-mail: info@mahaenergy.ca

Bernardo Guterres, CFO
Phone: +46 8 611 05 11
E-mail: info@mahaenergy.ca

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates four oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in the United States. The shares are listed on Nasdaq Stockholm (MAHA-A). The head office is in Stockholm, Sweden with a technical office in Calgary, Canada, as well as operations offices in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For more information, please visit our website www.mahaenergy.ca

Maha Energy AB (Publ) (“Maha”), through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC (“Mafraq Energy”) have entered into a Joint Operating Agreement (“JOA”) for Block 70 in Oman, on 28 January 2023.

The signature of the JOA, alongside the Governmental approval ratified by Royal Decree 74/2022 and other relevant procedures, marks the satisfaction of all conditions precedent required for the conclusion of the assignment of Maha’s 35% work interest to Mafraq Energy, as provided in the relevant Farmout Agreement signed by the Parties in August 2022 (“FOA”). Maha and Mafraq Energy will address the post-transfer obligations moving forward.

Maha is the Operator of Block 70, with 65% shareholding interest. The agreements require Mafraq Energy to reimburse Maha for their prorated share of all past costs, including the signature bonus required under the relevant agreement with the Government. Mafraq Energy will also be required to pay its share of all future expenditures on Block 70.

Paulo Mendonça, Maha’s CEO said: “We are proud to have finalized yet another major milestone in what is to be a great partnership. Maha is moving forward to commence the testing aiming for fast production of Block 70 and having Mafraq Energy as its local partner with competent and experienced Omani team, bringing knowledge of the local market to the operations.”

Talal Al Subhi, Director of Mafraq Energy LLC, said: “It is exciting times. Mafraq Energy  LLC is honored to play its part in achieving Vision 2040 as set by HM Sultan Haitham bin Tariq Al Said.  This partnership is a true embodiment of enhancing the ICV content of Block 70.

The focus now is to collaborate to kick off the production testing stage.  Proving the productivity of the field is a key aspect to declare commerciality.  We look forward to bring that value to The Sultanate Of Oman.” 

Miscellaneous 
The information was submitted for publication, through the agency of the contact person set out below, at 08:30 CET on 30 January 2023.

For more information, please contact:        
Paulo Thiago Mendonça, CEO
Phone: +46 8 611 05 11
E-mail: info@mahaenergy.ca

Bernardo Guterres, CFO
Phone: +46 8 611 05 11
E-mail: info@mahaenergy.ca

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates four oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in the United States. The shares are listed on Nasdaq Stockholm (MAHA-A). The head office is in Stockholm, Sweden with a technical office in Calgary, Canada, as well as operations offices in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For more information, please visit our website www.mahaenergy.ca

Maha Energy AB (publ) today announces that there will be an Investor Meeting for any shareholders or other interested parties on Monday February 6^th in Stockholm, Sweden

On February 6^th, 2023, Maha Energy invites you to a lunch Investor Meeting (this was previously announced as a breakfast meeting, but the time has now been changed, as has the venue). There will be a presentation from the Company, and you will have a chance to ask questions. CEO Paulo Thiago Mendonça, CFO Bernardo Guterres and COO Alan Johnson will be there for the presentation and a Q&A. The presentation will be held in English.

The presentation will also stream live on YouTube – view presentation here:
https://www.youtube.com/watch?v=bqM7w2ki9QI

Program February 6^th (CET)
12:30 – 13:00: Registration and a lighter Lunch
13:00 – 14:00: Company presentation by CEO Paulo Thiago Mendonça, CFO Bernardo Guterres and COO Alan Johnson
14:00 – 14:30 Time for Questions

Venue
GT30
Grev Turegatan 30
Stockholm, Sweden

RSVP to victoria@mahaenergy.ca at the latest on January 22^nd, 2023

For more information, please contact:        
Paulo Thiago Mendonça (CEO)
Tel: +46 8 611 05 11        
info@mahaenergy.ca

Victoria Berg (Investor Relations)
Tel: +46 8 611 05 11      
info@mahaenergy.ca

Miscellaneous
The information was submitted for publication, through the agency of the contact person set out above, 14:30 CET on 10 January, 2023

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates four oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in the United States. The shares are listed on Nasdaq Stockholm (MAHA-A). The head office is in Stockholm, Sweden with a technical office in Calgary, Canada, as well as operations offices in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For more information, please visit our website www.mahaenergy.ca

Maha Energy AB (publ) today announces that there will be an Investor Meeting for any shareholders or other interested parties on Monday February 6^th in Stockholm, Sweden

On February 6^th, 2023, Maha Energy invites you to a breakfast Investor Meeting. There will be a presentation from the Company, and you will have a chance to ask questions. CEO Paulo Thiago Mendonça, CFO Bernardo Guterres and COO Alan Johnson will be there for the presentation and a Q&A. The presentation will be in English.

Program February 6^th (CET)
08:00 – 08:30: Registration and Breakfast
08:30 – 09:30: Company presentation by CEO Paulo Thiago Mendonça, CFO Bernardo Guterres and COO Alan Johnson
09:30 – 10:00: Time for Questions

Venue
Setterwalls Law Firm
Sturegatan 10
Stockholm, Sweden

RSVP to victoria@mahaenergy.ca at the latest on January 22^nd, 2023

For more information, please contact:        
Paulo Thiago Mendonça (CEO)
Tel: +46 8 611 05 11        
info@mahaenergy.ca

Victoria Berg (Investor Relations)
Tel: +46 8 611 05 11      
info@mahaenergy.ca

Miscellaneous
The information was submitted for publication, through the agency of the contact person set out above, 14:00 CET on 4 January, 2023.

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates four oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in the United States. The shares are listed on Nasdaq Stockholm (MAHA-A). The head office is in Stockholm, Sweden with a technical office in Calgary, Canada, as well as operations offices in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For more information, please visit our website www.mahaenergy.ca