THE ADDAX AND ORYX GROUP LIMITED

The Addax and Oryx Group Limited (AOG) took the initiative of founding the business of Oryx Petroleum in 2010. AOG and its affiliates currently own approximately 49% of the outstanding common shares of Oryx Petroleum on a fully diluted basis.

The Addax and Oryx Group Limited was incorporated in 1987 with a focus on energy in Africa, and has evolved into a diversified investment group. AOG invests in three key areas: energy, commercial real estate and other capital investments.

ZEG Oil and Gas

Zeg Oil and Gas Ltd (Zeg Oil and Gas) made a strategic investment in Oryx Petroleum in 2016 and currently owns approximately 28% of the outstanding common shares of Oryx Petroleum.

Zeg Oil is a privately held company based in the Kurdistan Region of Iraq that provides a broad range of engineering and construction services to the energy sector.