Item 1.02 Termination of Material Definitive Agreement

As disclosed by Sky Petroleum Inc (the "Company") in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "Commission") on July 12, 2021, Sastaro Limited, a Texas corporation (the "Sastaro") and wholly owned subsidiary of the Company, and Unity Accipiter Corporation, a Delaware corporation ("UAC," together with Sastaro, the "Parties"), entered into a joint venture agreement dated July 3, 2021 (the "Agreement"), to establish a joint venture (the "UAC Joint Venture"). The Agreement was mutually terminated as of February 1, 2023, prior to establishing the UAC Joint Venture and prior to the commencement or performance of any material activity under the Agreement. The Company incurred no early termination penalties and had no material relationship with UAC other than in respect of the Agreement.




Item 8.01. Other Events

As disclosed by the Company in a Current Report on Form 8-K filed with the Commission on May 18, 2021, the Company entered into a memorandum of understanding (the "MOU") with Himmelhoch Petroleum & Gas limited PTY, a South Africa corporation ("HPG," together with the Company, the "Parties") to establish a joint venture (the "HPG Joint Venture"). The MOU was mutually terminated as of February 1, 2023, prior to establishing the HPG Joint Venture and prior to the commencement or performance of any material activity under the MOU. The Company incurred no early termination penalties and had no material relationship with HPG other than in respect of the MOU.

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