Altima Energy Provides October Production and Audited Financial Status Update

Core Insights - Altima Energy Inc. is currently finalizing its audited annual financial statements and related disclosures, facing delays due to technical issues with new reporting software [1] - The company produced a total of 6,359.19 BOE (1,012.79 m³) in October, with 82.9% being oil, and plans to enhance production through a winter workover program [2] Financial Status Update - The completion of the audited financial statements for the year ended February 28, 2025, and subsequent quarters is ongoing, with significant progress reported despite delays [1] - A cease trade order remains in effect, and the company's securities are suspended by the TSX Venture Exchange until the financial statements are filed [1] Production Results - In October, Altima Energy's production included assets from Red Earth, Richdale, and Chambers Ferrier fields, with a focus on increasing output through planned workover programs [2] Company Overview - Altima Energy is an oil and gas exploration and production company based in Vancouver, focusing on hydrocarbon asset development across North America [3] - The company emphasizes efficient resource development and operational excellence to drive sustainable growth and long-term value creation for shareholders [3]