Okea Confirms Discovery In Calypso Exploration Well

Okea ASA OKEA:

• DISCOVERY CONFIRMED IN THE CALYPSO EXPLORATION WELL (PL938) OPERATED BY NEPTUNE

• WELL ENCOUNTERED ESTIMATED 8 METRES THICK GAS COLUMN AND 30 METRES THICK OIL COLUMN IN 131 METRES THICK GARN FORMATION SANDSTONE RESERVOIR

• PRELIMINARY ESTIMATES OF RECOVERABLE OIL EQUIVALENTS ARE BETWEEN 1 AND 3.5 MILLION STANDARD CUBIC METERS