Could you please share with us UEE’s operational updates in Egypt?

2025 has been one of UEE’s most dynamic and successful years in Egypt. We’ve safely and efficiently drilled 14 wells to date, with another five planned before year-end – all executed with strong operational discipline and zero safety incidents. Our Area A seismic processing, in the Eastern Desert, was completed earlier this year following last year’s acquisition campaign, yielding highly encouraging results that have directly supported our recent drilling successes.

A key highlight was the completion of the Apex acquisition on October 14th, 2025, marking a major milestone in UEE’s growth journey. This strategic step expands our footprint in Egypt with a balanced portfolio combining stable, cash-generating assets and high-potential exploration acreage, positioning UEE as one of the country’s leading private upstream operators.

Is UEE considering geographic expansion in Egypt beyond the Eastern and Western Deserts? If yes, what are the factors driving this strategy?

Yes, absolutely. Egypt remains a cornerstone of our long-term growth strategy, and we’re evaluating selective opportunities beyond our current footprint. These include the Gulf of Suez, the Nile Delta, and shallow offshore areas with promising geological potential and manageable technical risk.

In parallel, we’re also exploring expansion opportunities across Africa — in basins that align with our core capabilities — as part of a broader effort to diversify our portfolio and strengthen UEE’s regional presence.

What operational priorities is UEE pursuing post-acquisition of Apex’s Egypt assets, and do your short-term plans include new drilling programs?

From the outset, our commitment has been to create maximum value from the Apex assets — a process that began well before the official closing. During the interim period, we worked closely with the Apex team to support performance, enhance field performance, and boost production levels, ensuring a smooth transition and early value delivery.

Following the completion of the acquisition, our immediate focus is to unlock the full potential of these assets through an accelerated development and exploration program. We’re preparing an ambitious campaign of over 40 wells across our expanded portfolio in 2026, targeting production growth, reserve additions, and operational efficiency.

In parallel, we’re maintaining a strong focus on Health, Safety, Security, and Environment (HSSE), asset integrity, and cost optimization, supported by new infrastructure investments designed to sustain growth and enhance long-term performance.

Would you outline UEE’s progress in green hydrogen and ammonia development, and what are your next phase objectives and initiatives in green energy?

The energy transition is no longer a future ambition; it’s a strategic reality shaping our investment decisions today. At UEE, we’re integrating sustainability into the core of our business model through a series of green hydrogen, green ammonia, and renewable energy initiatives designed to support both Egypt’s national strategy and global decarbonization efforts.

Our flagship initiative is the Green Mediterranean Hub, developed in partnership with AlexFert and Abu Qir Fertilizers. Through this project, UEE will produce and supply green hydrogen to both partners to enable green ammonia production. The project is currently in the pre-feasibility study phase, and we’ve engaged leading international consultants to conduct detailed process design, engineering, and economic modeling. This collaboration represents a major step toward industrial-scale green hydrogen production in Egypt.

We’re also making significant progress on our green hydrogen and ammonia project in the Suez Canal Economic Zone (SCZone). Following the signing of an MoU earlier this year, we’re working closely with SCZone authorities on renewable land allocation, grid connectivity, and infrastructure planning — all aimed at creating an integrated, export-oriented clean energy hub.

Beyond large-scale hydrogen projects, UEE is leveraging its global expertise to establish a dedicated renewable energy company in Egypt focused on deploying solar PV systems across oil and gas operations. This initiative will gradually replace diesel generators in remote fields, lowering operating costs and reducing carbon emissions. Similar projects have already been implemented successfully by United Energy Group in other regions, and we’re now adapting that know-how to Egypt’s upstream sector.

Collectively, these projects reflect our strong commitment to driving Egypt’s energy transition, while positioning UEE as a regional frontrunner in clean energy development and sustainable industrial transformation.

How is UEE leveraging innovation and digitalization to drive measurable progress across its energy operations?

Digital transformation lies at the heart of UEE’s growth strategy — it’s how we enhance safety, optimize performance, and unlock operational excellence. Over the past two years, we’ve embedded data-driven decision-making, automation, and artificial intelligence across nearly every aspect of our business.

Our integrated Enterprise Resource Planning (ERP) platform now serves as the central nervous system for our operations, connecting procurement, logistics, maintenance, and inventory management to deliver full transparency and accountability. This system has significantly reduced downtime and improved planning across all fields.

In our drilling operations, AI-driven applications are now used for bit selection, trajectory design, and real-time decision-making, minimizing non-productive time and improving well placement accuracy. Across the digital oilfield, sensor networks and automated data capture have replaced manual reporting — providing immediate visibility into production trends, equipment health, and environmental performance.

In HSSE and process safety, UEE has achieved a major milestone by integrating safety systems with live operational data. This allows early anomaly detection, predictive alerts, and faster corrective action — effectively transforming safety management from reactive to preventive.

We’ve also digitized our business and compliance processes, including work permits, inspections, and incident reporting, ensuring consistency and audit readiness at every level. This comprehensive digital ecosystem enables faster decision cycles, enhanced collaboration, and measurable efficiency gains.

Ultimately, our digitalization journey is not just about technology ,it’s about empowering our people. By giving teams real-time insight and the right digital tools, we’re creating a performance culture that values innovation, accountability, and continuous improvement.

What technologies or strategies are UEE deploying to optimize production and recovery from brownfield assets in the Western Desert?

We approach our brownfields as active development projects, not legacy assets. UEE has completely refreshed its reservoir models using reprocessed seismic and production history, supported by AI and real-time data to identify unproduced zones and guide new infill drilling.

On the surface, we’ve upgraded artificial lift systems, integrated predictive analytics, and digitized waterflood monitoring to continuously optimize sweep efficiency. Every operation — from workovers to integrity checks — runs through digital workflows connected to our ERP, ensuring synchronization between materials, personnel, and permits.

This blend of subsurface insight, automation, and disciplined execution is maximizing recovery while maintaining the highest standards of safety and environmental stewardship.

What will UEE’s strategic directions and plans for 2026 be?

2026 will be a year of acceleration and transformation for UEE. Our priorities are clear: maximize value from our expanded portfolio, execute a high-impact drilling and development program, and deepen our digital and operational excellence.

We’ll also advance our green hydrogen, ammonia, and solar initiatives from planning into execution, reinforcing our role in Egypt’s energy transition. Regionally, UEE will continue pursuing selective expansion across Africa, leveraging our technical expertise and operational agility to build a diversified, sustainable growth platform.

Through this strategy, UEE aims to remain one of Egypt’s most dynamic and forward-looking energy companies, growing responsibly, operating efficiently, and shaping a sustainable energy future.