Rhino Resources Namibia Ltd（“hino”或“he Company”）代表石油勘探许可证 85 (“EL85”) 合资企业提供以下关于位于奥兰治盆地海上 2914A 区块的 Volans-1X 发现钻杆测试活动的最新信息，纳米比亚。

该井所在的 PEL 85 由 Rhino 运营，拥有 42.5% 的工作权益。联合投资方包括 Azule Energy (42.5%)、NAMCOR (10%) 和 Korres Investments (5%)。

Volans-1X 井于 2025 年 7 月 31 日使用北大洋半潜式钻井平台 Deepsea Mira 开钻，于 2025 年 8 月 30 日达到 4,497.5 米 TVDSS 的总深度，成功钻穿上白垩统目标层，合作伙伴于 2025 年 10 月 1 日宣布该井在优质储层中发现了高产液凝析气。

发现新油气藏后，合作方于2026年1月5日至13日重返Volans-1X油田进行井测试作业。该井在目标储层段29.7米处进行了射孔，获得了以下数据：

产能强劲：在46/64节流阀下，天然气日产量达3300万立方英尺，凝析油日产量约为530万桶
；凝析气液化度高：CGR约为160 STB/Mmscf；
二氧化碳和硫化氢含量低：二氧化碳含量为1-2%，硫化氢含量约为3ppm（200个样品中最高值为5ppm）。

首席执行官Travis Smithard就此更新评论道：
这些井测试结果验证了我们钻前对Volans油田的乐观预期，流量数据显示Volans-1x井钻探于地质上连续的储层系统，这对我们正在进行的开发规划来说非常令人鼓舞。测试证实了良好的油气流量，液体产量符合我们之前指导的凝析气比范围。数据还表明，与Capricornus油田的发现进行了有效的校准，这有助于降低Volans油田的风险，并使我们更全面地了解整个区块的储层分布。这些积极的测试结果对于Rhino及其合作伙伴Azule Energy、NAMCOR和Korres如何评估该区块的评价、开发和生产规划的下一步至关重要。

Rhino Resources Namibia Ltd (锟絉hino锟� or 锟絫he Company锟�) provides the following update on behalf of the Petroleum Exploration License 85 (锟絇EL85锟�) JV regarding the drill stem testing activities of the Volans-1X discovery on Block 2914A, offshore Orange Basin, Namibia.

PEL 85, where the well was drilled, is operated by Rhino with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%).

The Volans-1X well, spudded on 31 July 2025 using the Northern Ocean锟絪 semi-submersible Deepsea Mira, reached a total depth of 4,497.5m TVDSS on 30 August 2025, successfully penetrating the Upper Cretaceous target, with partners declaring the well a high liquid-yield gas condensate discovery in excellent quality reservoir on 1 October 2025.

Following the discovery, the partnership returned to Volans-1X to execute well testing operations between 5 and 13 January 2026. The well was perforated across 29,7m of the target reservoir interval which provided the following data:

锟� Strong deliverability: 33Mmscfd of gas and ~5.3kkbls condensate on a 46/64 choke
锟� High liquid gas condensate: CGR of ~160 STB/Mmscf
锟� Low CO2 and H2S: 1-2% CO2 and ca. 3ppm H2S (highest value of 5ppm in 200 samples)

Commenting on the update, Chief Executive Officer Travis Smithard said:
锟絋hese well test results validate our pre-drill optimism around Volans with the flow data suggesting that Volans-1x well was drilled in a geologically contiguous reservoir system, which is very encouraging for our ongoing development planning purposes. The test confirmed good flow rates of hydrocarbons, with liquid production in line with the condensate-gas-ratio range that we had previously guided. The data also indicates the useful calibration with the discovery at Capricornus, which has served to de-risk Volans and provide a far more holistic understanding of the reservoir distributions across the block. These positive test results are critical in informing Rhino, in collaboration with our partners Azule Energy, NAMCOR and Korres on how to assess the next steps for appraisal, development and production planning across the acreage.锟�