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