The Board of Directors of PEB wishes to announce that its subsidiary, PETRA Energy Development Sdn. Bhd., successfully commissioned the Adong Kechil West ("AKW") oil well and achieved first oil relating to the exploration, development and production of petroleum in Block SK433, Onshore Sarawak, on 18th July 2026.

The oil well rate is expected to be progressively optimised as the facilities continue to stabilise and operational performance is enhanced.

This achievement marks a significant milestone in the development of Block SK433.

The announcement is dated 27 July 2026.