Strathcona Resources Ltd. Receives Court Approval for Special Distribution

Core Points - Strathcona Resources Ltd. announced a special distribution of $10.00 per share, totaling approximately $2.142 billion, approved by the Court of King's Bench of Alberta and shareholders [1][6]. Company Overview - Strathcona is recognized as one of North America's fastest-growing pure play heavy oil producers, focusing on thermal oil and enhanced oil recovery [5]. - The company employs an innovative growth strategy through the consolidation and development of long-life assets [5]. Special Distribution Details - The special distribution is scheduled to be executed on December 22, 2025, with shareholders having the option to receive it as a return of capital [6]. - The election deadline for shareholders to opt for the return of capital is set for 5:00 p.m. (Calgary time) on December 16, 2025 [6]. - Following the distribution, Strathcona's common shares will be assigned new CUSIP and ISIN numbers, with trading under the existing numbers continuing until the close of business on December 22, 2025 [6].