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

Core Viewpoint - New Stratus Energy Inc. has reported its financial and operational results for the three and nine months ended September 30, 2025, highlighting challenges and updates in its operations across various countries [1]. Financial Results - Adjusted Working Capital stands at $(2,018,511) [2] - Adjusted EBITDA is reported at $(3,025,542) [2] - The Ecuador Tax recovery (correction factor) amounts to $6,810,941 [2] - Net Loss from Continuing Operations is $(2,419,176), equating to $(0.02) per share [2] - Average Daily OPS Production is 2,058 barrels of oil equivalent per day (boepd) [2] - OPS Equity Pick Up (49% Net to NSE) is $328,478 [2] Mexico Update - Net income has been negatively impacted by non-cash accretion expenses related to future capital expenditures on the Soledad contract [4] - Negotiations are ongoing to amend the Soledad contract, with expectations of absolving future obligations and receiving a refund of some capital expenses before the end of 2025 [4] Colombia Update - A binding memorandum of understanding has been established for a joint venture with a local operator to acquire and develop oil and gas production blocks in Colombia [5] - A definitive agreement for the joint venture is anticipated before the end of 2025 [5] Brazil Update - A definitive farm-out agreement has been executed with Vultur Oil, and an application has been submitted to the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP) to recognize NSE as an approved operator [8] Peru Update - A formal application has been submitted to operate and invest in Block 192 in Peru, with the company awaiting a final decision from the Government of Peru [9] - Block 192 was previously operated by the technical team at NSE, achieving production of over 15,000 boepd [10] - The block has been shut in since 2021 as the government determines the appropriate partnership for production restoration [11] Venezuela Update - NSE is monitoring the situation in Venezuela and retains a Right of First Refusal with GoldPillar International SPC Ltd to resume a 40% equity participation in four fields located in Eastern Venezuela [12]