LNG Energy Group Informs Material Events

Core Viewpoint - LNG Energy Group is undergoing a strategic review process to stabilize its operations and enhance liquidity, while facing challenges such as a failure-to-file cease trade order and an event of default under its credit agreement [1][2][3]. Group 1: Financial Reporting and Compliance - The company is expected to file its annual audited financial statements for the fiscal year ended December 31, 2024, within the timeframe granted by the Ontario Securities Commission, which will be part of its application to revoke the failure-to-file cease trade orders [1]. - The company has been notified of an event of default under its credit agreement, and discussions are ongoing with lenders regarding this situation [2]. Group 2: Strategic Initiatives - As part of the strategic review initiated on December 4, 2024, the company is considering various alternatives, including financing options, corporate reorganization, and potential partnerships or acquisitions [2]. - The company has decided to terminate long-term gas sales agreements and will explore natural gas marketing alternatives that align with current sales volumes and market conditions [2]. Group 3: Operational Focus - LNG Energy Group is focused on stabilizing natural gas production, optimizing costs, and enhancing its liquidity position [3]. - The Colombian branch of the company has applied for insolvency protection under the Proceso de Recuperación Empresarial, which is expected to lead to operational optimization and renegotiation of obligations with suppliers [2].