The Addax and Oryx Group PLC and Zeg Oil and Gas Ltd announce definitive agreement

22 June 2020

AOG Upstream B.V. (“AOG”), an indirect wholly-owned subsidiary of The Addax and Oryx GroupPLC, and Zeg Oil and Gas Ltd. (“Zeg”) announced today that they have entered into an agreement (the “Purchase Agreement”) which provides for the acquisition by Zeg, and the disposition by AOG and certain of its affiliates, of an aggregate of 380,527,641 common shares (the “Acquired Shares”) in the capital of Oryx Petroleum Corporation Limited (the “Issuer”) for an aggregate purchase price of approximately US$16.4 million (approximately C$22.4 million) or approximately US$0.043 per Acquired Share (approximately C$0.058).

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