AURIVOS AND LINDEN ENERGY ENTER INTO JOINT VENTURE TO DEVELOP US-EUROPE ENERGY VALUE CHAIN

Aurivos’ Managing Partner Humberto Sirvent said: “Aurivos has been growing American oil and gas production, and we look forward to working with Linden in order to expand our international presence. We  continue to advance our plan involving Aurivos’ existing US gas reserves and Linden’s LNG expertise, in order to help address established demand in the European gas market.”

Linden Energy is a Houston-based energy company with projects in the US, Europe, Asia, and Africa. Linden is a 50% shareholder in Bulgaria’s largest private natural gas company, Overgas, and has a mandate to source natural gas from the US for the Bulgarian and the larger European gas market.

As part of the Joint Venture Agreement, Aurivos and Linden will appoint one member to each other’s

Advisory Boards with Humberto Sirvent representing Aurivos at Linden, and Linden’s Advisory Board Chairman Secretary Mike Pompeo representing Linden at Aurivos.

“As Europe continues its efforts to move away from Russian gas, the creation of a turn-key solution providing American gas to a company with American values and shareholders in Europe, is a great way to resolve the European gas crisis while also benefiting the US economy” said Secretary Pompeo.

Aurivos is operating oil and gas reserves throughout the Permian and the Rockies. Holding over 300,000 acres and operating more than 400 producing wells and active development programs in all its areas of operation sets Aurivos up for significant growth. Aurivos’ Managing Partner Martijn Dekker added: “As an American with deep roots in Europe, I am proud to be partnering with Linden to provide the necessary energy resources to Europe.”

President of Linden Energy Holding, Stephen Payne noted: “I am excited to partner with Aurivos as this relationship is key to our objectives to bring US gas to our European partners. Aurivos’ proven gas reserves alone could sole-source the entire Bulgarian gas demand for nine years.”

About Aurivos

Aurivos is a Houston based, America focused energy company. Aurivos, was founded by Humberto Sirvent, Martijn Dekker and Scot Fraser, building on extensive energy industry experience in Shell, independent energy companies and the banking sector. Aurivos has oil and gas operations in the Permian and the Rockies, is actively developing clean energy opportunities, and is providing a broad range of energy consulting services.

Website: https://www.aurivos.com/

About Linden Energy

Linden Energy is a Houston-based, internationally focused energy development company. Founded in 2013 by Stephen Payne, Linden has projects under consideration in Europe, Eastern Europe, and South Asia. Linden's founder, Stephen Payne, has a strong history in the international energy sector as he has negotiated over 27 MTPA of LNG sales, was instrumental in the development of several large LNG export projects in the United States, and the development of several major international pipeline projects.

Website: https://linden.energy/

Contact:

info@aurivos.com