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flag Rhino Resources to drill appraisal well off Namibia next year, targeting first oil by 2030.

flag Rhino Resources plans to drill an appraisal well and conduct a flow test off Namibia next year to advance its Capricornus and Volans offshore discoveries, aiming to accelerate development and potentially beat TotalEnergies to first oil. flag The two sites, just 15 kilometers apart, could be developed together, with Capricornus offering advantages in shallower water and lower gas-to-oil ratio. flag The company aims to make a final investment decision by late 2026 or early 2027, with first oil possible as early as 2030, pending FPSO availability. flag Rhino is also evaluating new seismic data to explore the Sagittarius trend and continues to pursue investment opportunities across Africa.

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