Paris, 25 February 2020

No. 05-20

Results of the Kama-1 well in Gabon

Etablissements Maurel & Prom (Euronext Paris: MAU, ISIN FR0000051070, "M&P") announces the completion of drilling operations on the Kama-1 exploration well on the Kari licence in south Gabon.

The well encountered several series of oil shows between 1,865 and 2,701 metres (total depth of the well) in the Kissenda formation, main objective of the drilling, and a sample of 35° API oil has been collected.

However the mediocre quality of the reservoirs did not justify a commercial test.

The drilling nevertheless confirms the presence of an active petroleum system in the region. It also provided additional data which will be helpful for the continuation of exploration activities in the area, and in particular for the definition of the second well.

Maurel & Prom's operations in Gabon :

Cap Lopez

Ezanga (production)

M&P: 80%

Kari (exploration)

M&P: 100%

Kama-1 well

Nyanga-Mayombé (exploration)

M&P: 100%

For more information, visit www.maureletprom.fr

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Contacts

Maurel & Prom

Press, shareholder and investor relations Tel: +33 (0)1 53 83 16 45ir@maureletprom.fr

NewCap

Financial communication and investor relations

Louis-Victor Delouvrier

Tel: +33 (0)1 44 71 98 53 maureletprom@newcap.eu

Media relations

Nicolas Merigeau

Tel: +33 (0)1 44 71 94 98 maureletprom@newcap.eu

This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forward- looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed for trading on Euronext Paris

CAC All-Share - CAC Oil & Gas - Next 150 - PEA-PME and SRD eligible

Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

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Établissements Maurel & Prom SA published this content on 25 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2020 20:07:02 UTC