New Stratus Energy Announces Results for the Three and Six Months Ended June 30, 2025 & Corporate Updates

Financial Results - For the three months ended June 30, 2025, the company reported an adjusted working capital of $(432,275) and an adjusted EBITDA of $(2,870,115) [2] - The net loss from continuing operations was $(552,605), equating to $(0.01) per share [2] - Average daily production was recorded at 1,060 barrels of oil equivalent per day (boepd) [2] Ecuador Operations - The company is part of a consortium that has reached an agreement for a production sharing contract (PSC) for Block 60 in Ecuador, with a proposed 40% working interest [4] - Following the inauguration of President Noboa, discussions with the Ecuadorian government have resumed regarding the PSC [5] Brazil Developments - A memorandum of understanding (MOU) was signed with Vultur Oils on August 5, 2025, to develop two concession contracts in Bahia, Brazil [6][7] - The blocks are adjacent to Petrobras' Araças field, which has produced approximately 5.9 million barrels of oil equivalent since 2012 [8] - If investments are completed, the company could have gross proved reserves of 3.07 million BOE with a net present value (NPV10) of $32.83 million [9] Peru Initiatives - A formal application was submitted to operate and invest in Block 192 in Peru, which has been shut in since 2021 [11][13] - The technical team previously operated Block 192, achieving production of over 15,000 boepd during their tenure [12] Mexico Operations - For the six months ended June 30, 2025, Operaciones Petroleras Soledad reported net income of $1,127,224, with $778,468 attributable to the company's 49% equity interest [14] - Negotiations are ongoing with Pemex regarding a potential migration from the existing oil and gas contract to a mixed contract structure [15] Private Placement - The company announced a non-brokered private placement of 25,090,909 common shares at CAD$0.55 per share, aiming for gross proceeds of up to CAD$13,800,000 (approximately USD$10,000,000) [17][18]