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Lloydminster Well Performance:

• Shipped 6,203 barrels (bbl) of oil for the month of May.
• Average daily production rate: 185 bbl/d gross (37.5 bbl/d net) to the Company.
• Represents an 18.75% working interest ownership.

Production Milestone:

• Production shipping and sales commenced on October 6th, 2023.
• The 7HZ well has produced over 51,439 bbl of oil.
• Exceeded the 50,000-barrel production benchmark.

Upcoming Drilling Plans:

• New multilateral well drill is expected to contact over 3,000 meters of oil reservoir in the General Petroleum sand.
• Spud date to be announced once final permitting is received from the Alberta Energy Regulator ("AER").

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