Due to travel restrictions in place relating to the COVID-19 pandemic the Company has not been able to undertake any exploration activities on these assets, other than an initial site visit in 2019. The permits run for 1 calendar year and all five permits cost NOK kr49,000 (approximately GBP £4000) to renew in December 2020. Due to the very early stage of the permits and low expenditure they are not considered material to the CPR nor the Companies business and liabilities at this point in time. However, the Company does intend to mobilise a team to ground truth the targets and investigate the potential of the permits when the opportunity arises.