Sea Oil Public Company holding 49.99% working interest in on-shore Concession L 53/48 has received the annual petroleum reserves from Pan Orient Energy (Siam) Limited (POES) The evaluation for petroleum reserves as at December 31, 2020 was conducted by Sproule International Limited and was prepared in accordance with Canadian Securities Administrators National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities, with details as follows. Proved oil reserves (1P) of 2,836,000 barrels at December 31, 2020, a 130% increase from the 1,235,000 barrels at December 31, 2019. Proved plus probable oil reserves (2P) increased 30% to 4,753,000 barrels at December 31, 2020 compared with proved plus probable oil reserves of 3,668,000 barrels at December 31, 2019. The increases of 1P and 2P in 2020 reflect the following changes during 2020. Oil sales increased 15% in 2020 to 887,863 barrels, equivalent to 2,426 barrels per day. L53DD oil field remains the primary source of oil production from Block L53/48. With 733,934 barrels of oil sales in 2020 from L53DD, compared with 615,460 barrels in 2019, L53DD also added 2,132,000 barrels to 1P reserve and 3,468,000 barrels to 2P reserve. In addition to 1P and 2P, 3P or possible reserve with less certain to be recovered than probable reserve (2P), was also defined at 6,844,000 barrels, inclusive of 1P and 2P. The net present value, after tax, using forecast prices and costs discounted at 10% per year, is CAD $103.4 million. It is noted that Sea Oil Public Company and Pan Orient Energy (Siam) Limited have strictly complied with all the measures under the Emergency Decree and occupational health and safety practices advised by the Ministry of Public Health including the use of personal protective equipment (PPE) and facial mask and face shield, adoption of social distancing and limitation of travel and operate during the unapproved time. It is commitment to continue fully complying with all these measures strictly.