KrisEnergy Ltd. (“KrisEnergy” or the “Company”, and together with its
subsidiaries, the “Group”), an upstream oil and gas company, refers to its announcements dated 14
February 2020, 19 June 2020, 16 September 2020, 16 December 2020 and 23 March 2021 in relation
to the entry by its wholly-owned subsidiary, KrisEnergy (Vietnam 115) Ltd. (“Transferor”), into a
farm-out agreement with a major international oil and gas company (“Transferee”) for the transfer
of its entire 100% working interest in the Block 115/09 production sharing contract, offshore
Vietnam for a nominal cash consideration (“Announcements”).
Further to the Announcements, the Company wishes to announce that the Vietnamese authorities
have approved the transfer of 100% working interest and operatorship of Block 115/09 and the
transfer was completed on 31 March 2021.
