Altura Energy Successfully Recompletes Two Initial Wells and Is Producing and Selling Helium Through Onsite Processing Plant as of November 19, 2025November 20, 2025 7:30 AM EST | Source: Altura Energy Corp.Vancouver, British Columbia--(Newsfile Corp. - November 20, 2025) - Altura Energy Corp. (TSXV: ALTU) (FSE: Y020) (the "Company") is pleased to announce the initial two recompletions were successful and resulted in the re-establishment of helium flow to the onsite processing plant. Once proc ...

Core Viewpoint - Altura Energy Corp. has initiated recompletion work on the first two of eight Helium wells in northeast Arizona, with the aim to evaluate and potentially restore production after previous failures [1][2]. Group 1: Recompletion Work - The recompletion efforts for the first two wells are scheduled to begin on October 27, 2025, with a workover rig already on site [1][3]. - The workovers are expected to take approximately 5 to 10 days per well, including the time required to move the rig between wells [3]. Group 2: Well Performance and Evaluation - Altura acquired a 50% interest in the eight Helium wells, which had previously ceased production shortly after connecting to the plant, and has since consolidated a 100% interest to operate all wells [2]. - The company will assess whether production issues are due to easily correctable problems or if more significant investments are necessary for restoration [2]. Group 3: Company Overview - Altura Energy Corp. is an exploration and production company focused on the Holbrook basin in Arizona [4].

Group 1 - Altura Energy Corp has issued 346,350 common shares at a deemed price of $0.18 per share to Haywood Securities Inc as compensation for consulting and advisory services [1] - The shares issued are subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [1] - The advisory agreement between Altura Energy and Haywood was originally dated February 20, 2025, and amended on April 11, 2025 [1] Group 2 - Altura Energy Corp is an exploration and production company with interests in the Holbrook basin of Arizona [2]

Core Points - Altura Energy Corp. has appointed Ashley Lastinger as Chief Executive Officer, bringing over 15 years of experience in Petroleum Engineering [1] - Robert Johnston transitions from CEO to Executive Chairman of the Board, expressing confidence in Lastinger's capabilities [2] - The company has granted performance warrants and incentive stock options to key executives, including 1,000,000 warrants to both Johnston and Lastinger [2][3] Company Leadership - Ashley Lastinger has a strong background in reservoir, production, and facilities engineering, as well as regulatory compliance and project management [1] - Robert Johnston will continue to play a significant role as Executive Chairman, having previously worked with Lastinger at Apache Corporation and Atalaya Resources [2] Performance Warrants and Stock Options - The company issued 1,000,000 performance warrants to both Johnston and Lastinger, with milestones set at market prices of $0.35, $0.75, $1.00, and $1.50 [2] - The performance warrants allow acquisition of common shares at a price of $0.30 per share until July 7, 2030, subject to TSX Venture Exchange approval [2] - Additionally, 1,000,000 incentive stock options were granted to both executives, with a vesting schedule over 12 months [3] Consulting Agreement - Altura Energy has agreed to pay Haywood Securities Inc. a consulting fee of US$15,000 per month, payable in common shares for a term of 12 months [4] - The consulting fee shares will be issued at the closing price of the common shares on the TSX Venture Exchange prior to issuance [4]

Core Points - Altura Energy Corp. has completed a debt settlement of C$526,683 with Nancy Burke, issuing 5,266,830 common shares at a deemed price of $0.10 per share [1][3] - Following the debt settlement, Ms. Burke now controls 5,696,830 common shares, representing 14.57% of the total issued shares, and potentially 15.00% if her warrants are exercised [2][3] - The debt settlement was in exchange for an unsecured loan of C$475,000, which included accrued interest, advanced to the company to address corporate payables [3] Company Information - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [6]

Offering Details - Altura Energy Corp. closed a brokered private placement offering of 19,855,000 units at a price of $0.10 per unit, resulting in gross proceeds of $1,985,500 [1][2] - Each unit consists of one common share and one warrant, with warrants exercisable at $0.25 until June 11, 2030 [2] - The offering was conducted by Haywood Securities Inc., which received a cash commission of $138,985 and 1,389,850 compensation options [3] Financial Transactions - The company made a partial repayment of $150,000 to ANB Bank, leaving an outstanding balance of $205,000, to be paid in monthly installments of $10,000 starting September 21, 2025 [4] - The company settled outstanding payables of $231,000 to Jasper Management & Advisory Corp. for $150,000, issuing 1,500,000 common shares at a deemed price of $0.10 per share [6] - A proposed debt settlement with Nancy Burke involves issuing 5,266,830 common shares at a deemed price of $0.10 per share, subject to TSX Venture Exchange approval [9] Related Party Transactions - Mr. Ian Telfer, a director of the company, subscribed for 1,000,000 units for gross proceeds of $100,000, constituting a related party transaction [5] - The payables settlement with JMAC also qualifies as a related party transaction, as it is controlled by a director of the company [7][8] Advisory Services - The company issued 1,500,000 units to Haywood Securities Inc. for strategic advisory services rendered, at a deemed value of $225,000 [10] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [11]

Core Points - Altura Energy Corp. has increased the size of its brokered private placement from $1,500,000 to $1,985,500, allowing for the issuance of up to 19,855,000 units at a price of $0.10 per unit [1][4] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months [2][4] - The offering is expected to close around June 11, 2025, subject to necessary approvals, including from the TSX Venture Exchange [4] Financial Utilization - The net proceeds from the offering will be used to repay existing indebtedness and for working capital and general corporate purposes [5] Company Overview - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [7]

Core Viewpoint - Altura Energy Corp. is conducting a private placement offering of up to 15,000,000 units at a price of $0.10 per unit, aiming for gross proceeds of up to $1,500,000 [1][5] Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.25 for up to sixty months [2] - The company has granted the agent an option to sell an additional 2,250,000 units for up to $225,000 in gross proceeds [3] - The offering will be conducted as a private placement under applicable exemptions from prospectus requirements in Canada and other mutually agreed jurisdictions, excluding the United States [4] Group 2: Closing and Use of Proceeds - The offering is expected to close around June 4, 2025, subject to necessary approvals, including from the TSX Venture Exchange [5] - Net proceeds from the offering will be used to repay existing debt and for working capital and general corporate purposes [6] Group 3: Company Background - Altura Energy Corp. is an exploration and production company with interests in the Holbrook basin of Arizona [8]

Core Points - The company formerly known as Total Helium Ltd. will change its name to Altura Energy Corp. and implement a consolidation of its common shares at a ratio of ten pre-consolidation shares for one post-consolidation share, effective May 12, 2025 [1][2] - Following the consolidation, approximately 10,239,354 common shares will be issued and outstanding, and trading will commence under the new ticker symbol "ALTU" [2][1] - The company has 37,500,000 share purchase warrants outstanding, with specific details on the 2026 and 2028 warrants provided, including adjusted exercise prices and terms [4][9] Share Consolidation Details - The consolidation will result in every ten 2026 warrants being exercisable for one post-consolidation common share at an adjusted price of $20.00 per share, with the same number of warrants remaining outstanding [5][4] - The 2028 warrants will also adjust to allow every ten warrants to be exercisable for one post-consolidation common share at an adjusted price of $7.50 per share, with the number of outstanding warrants unchanged [9][4] Acceleration Clause - The original acceleration clause for the 2026 warrants has been adjusted, requiring a volume-weighted average trading price of $30.00 per post-consolidation common share for 20 consecutive trading days to trigger acceleration [6][5] - The company intends to amend the exercise price of the 2028 warrants to $0.25 per post-consolidation common share, subject to approval from warrant holders and the TSX Venture Exchange [10][9] Trading Information - The 2026 warrants will continue to be listed on the TSX Venture Exchange under the new ticker symbol "ALTU.WT" starting on the effective date [7][5] - The 2028 warrants are expected to remain delisted but will have a new CUSIP and ISIN [9][10]

Company Overview - Altitude Acquisition Corp. is a blank check company incorporated in Delaware, aimed at effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities [3] Business Combination Details - On April 23, 2023, Altitude entered into a business combination agreement with Picard Medical, Inc., which outlines the proposed business combination between the two entities [2] - The board of directors has extended the deadline for consummating the initial business combination by one month, from January 11, 2024, to February 11, 2024, with the possibility of extending it up to three times for an additional month each [1][2] Regulatory Filings - In connection with the proposed business combination, Altitude has filed a preliminary proxy statement and plans to file a definitive proxy statement with the SEC, urging investors and shareholders to read these documents for important information regarding the business combination [4]