Molopo Energy Limited provided further details on an independent evaluation report prepared by Dynamic Upstream E&P Consultants LLC (DUEPC) for Orient FRC Ltd. (Orient) in relation to the Safari Onshore Project dated 17 April 2018 (DUEPC Report). The project area lies in the Expanded Yegua producing trend of the Texas Gulf Coastal Plain in Liberty, Hardin and Chambers Counties, Texas, and consist of the following 12 prospects being developed by Drawbridge Energy Holdings Ltd. (Drawbridge Holdings): three prospects which have licensed 3D-seismic data and in respect of which DUEPC was able to provide an independent evaluation of the geologic risks, probabilistic volumetrics, and economics of these Prospects (Addax, Bongo and Leopard Prospects); eight other prospects which are in the Yegua trend which, due to Drawbridge Energy not yet having 3D-seismic data licensed, DUEPC reviewed and analyzed these prospects using a 'proxy prospect' in a portfolio sense (Other Yegua Trend Prospects); and an additional deeper prospect in the Cook Mountain area has also been identified and mapped but DUEPC could not review it at this time (Cook Mountain Prospect). Methodology overview: The downdip Yegua play has been explored by the industry for more than 40 years. Thus it is a mature play with many wells and abundant data (well logs, tests, production, etc.). DE is focusing on the Yegua in stratigraphic traps in a sand-rich fairway using 3D-seismic ­ using Direct Hydrocarbon Indicators (DHIs) - and nearby well control. The Yegua is expected at depths of 8500 to 13,000 feet MD. The objectives are sandstones (informally termed "sands") 20 to 100 feet+ thick with good porosity and permeability. They are expected to be gas bearing with good condensate yields. In relation to the Addax, Bongo and Leopard Prospects, data evaluated includes the nearby wells and 3D-seismic data licensed from Seitel and reprocessed by eSeis. The latter work focuses on using DHI (i.e. direct hydrocarbon indicator) technology ­ in this case, AVO (i.e. Amplitude vs. Offset) (AVO) ­ to identify and characterize the potential gas-bearing sands. Data was of high quality and abundant. From DUEPC's review of the seismic interpretation on these three prospects ­ a major element in the exploration play and DUEPC's evaluation ­ DUEPC was of the view that there was good quality data and sound interpretations. For each prospect, DUEPC identified reasonable minimum, most likely, and reasonable maximum areas of the Yegua reservoirs based on the seismic images. This was critical input into its probabilistic volume estimates. The Other Yegua Trend Prospects have been mapped by Drawbridge Holdings' operating entity, Drawbridge Energy Operations and Management, LLC (Drawbridge Energy), but seismic data has not been licensed as yet. These were reviewed by DUEPC using Drawbridge Energy's most likely areas for volumetric calculations. Other volumetric inputs used were from the Addax, Bongo and Leopard Prospects as they are nearby and at similar depths. DUEPC used the average Pg (probability of geologic success) from the three evaluated prospects for these eight mapped prospects. Very little data was available on a deeper Cook Mountain prospect and that has not been reviewed or included in DUEPC's economic evaluation of the entire exploration portfolio. The DUEPC Report observes that: although the area has been heavily explored and produced, opportunities are still present, especially with the use of modern AVO technology and integration of all nearby data by Drawbridge Energy; the abandonment of the play by industry provides Drawbridge Energy with good leasing opportunities (most acreage is available (unleased)) and leasing is expected to be at favorable terms, as mineral owners have not seen industry activity for about 10 years; and accordingly, Drawbridge Energy has developed a favorable ground floor entry via its staff's experience and use of the latest AVO technology.