New Stratus Energy Announces Formal Application for Block 192 in Peru

Core Viewpoint - New Stratus Energy Inc. has submitted a formal application to operate and invest in the further development of Block 192 in Peru, awaiting a decision from the Government of Peru [1][2]. Group 1: Company Operations - The technical team at New Stratus previously operated Block 192 from 2015 to 2021, achieving a peak production of over 15,000 barrels of oil equivalent per day of 18° API oil [2]. - In 2019, Perupetro estimated the proved plus probable reserves at approximately 87.14 million barrels for Block 192 [2]. - The Block has been shut in since 2021 as the Government of Peru determines the appropriate partnership for restoring production and developing reserves sustainably [2]. Group 2: Future Developments - New Stratus Energy will provide further details on the application process as they become available [3]. - The company is reliant on the bidding process and the receipt of necessary approvals for the operation of Block 192 [5].