Maha Energy AB (publ) reported production results for the month of December 2019. For the month, the company's aggregate sales production totaled 79,103 barrels of oil and 60.455 million scf of gas for a combined average production of approximately 2,877 BOE/day, before royalties and taxes.

The company's operational update Tartaruga: Braserv “Rig 149” was mobilized to the Tartaruga Field after a lengthy delay unrelated to the Company, and is currently rigging up over the 107D well. Once rigged up, remedial casing repair work will commence on 107D before dedicated testing will commence on the 107D horizontal wellbore. Testing of the 500m horizontal sidetrack, which was drilled and completed during the first quarter last year, was temporarily suspended in the second quarter last year due to emulsion issues at the oil handling plant at Tartaruga. A dedicated test spread has been mobilized to handle all effluents from the 107D test in order to not interrupt production from the 7TTG well.