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New Stratus Power Inc. (TSXV: NSE,OTC:RDRIF) (“New Stratus”, “NSE” or the “Company”) is happy to announce the consolidated monetary and working outcomes for the three and 9 months ended September 30, 2025 which have been filed on SEDAR+ (www.sedarplus.ca).
Three Months Ended September 30, 2025 Highlights:
|
$(2,018,511) |
| $(3,025,542) | |
|
$6,810,941 |
|
$(2,419,176) ($0.02) per share |
|
2,058 boepd |
|
$328,478 |
Notes:
(1) In accordance with Canadian GAAP, Web Earnings (loss) per primary & totally diluted share are the identical in a loss place.
(2) See Oil and Gasoline Advisory, under.
(3) See definition of OPS under.
Mexico Replace
Web revenue this yr has been negatively affected by the required non-cash inclusion of accretion bills on the required future capital expenditures on the Soledad contract. NSE has undertaken negotiations for amendments to this contract to correctly replicate the precise manufacturing and reserves being realized in area operations. Lately, proof introduced by NSE has yielded extra productive conversations and the present expectation is that NSE will absolve itself of future obligations at Soledad and can obtain a refund of a portion of capital bills incurred to this point. This variation is anticipated to happen previous to the 2025 yr finish.
Colombia Replace
NSE has entered right into a binding memorandum of understanding for a three way partnership settlement with an area operator, accepted with the Agencia Nacional de Hidrocarburos in Colombia, to collectively purchase and develop current oil and fuel manufacturing blocks in Colombia. NSE expects that the definitive settlement for the three way partnership will likely be entered into earlier than 2025 yearend.
Brazil Replace
On October 20, 2025, NSE introduced the execution of a definitive farm-out settlement with Vultur Oil. Additional to this announcement, an utility has been made to the Agencia Nacional do Petroleo, Gasoline Pure e Biocombustiveis (“ANP”) in Brazil to acknowledge NSE as an accepted operator. Upon receipt of approval from the ANP the transaction will formally shut.
Block 192 – Peru:
On August 13, 2025, the Firm introduced the submission of a proper utility to function and put money into the additional improvement of Block 192 in Peru (“Block 192”).
Following the submission of the appliance, NSE will look ahead to the ultimate choice from a course of being run by the Authorities of Peru, particularly Petroperu, the state-owned oil firm of Peru, and Perupetro, Peru’s nationwide oil and fuel regulator.
The technical crew at NSE operated Block 192 at a earlier firm from 2015 to 2021 at which level Block 192 was returned to the Authorities of Peru following a declaration of “pressure majeure”. Manufacturing peaked at over 15,000 barrels of oil equal per day of 18° API oil underneath the steerage of the technical crew throughout that interval, and in 2019 Perupetro estimated proved plus possible reserves of roughly 87.14 million barrels(1).
Block 192 has been shut in since 2021 because the Authorities determines the suitable partnership to revive manufacturing and develop the reserves in essentially the most sustainable and financial method attainable to maximise advantages for the encompassing communities and the Republic of Peru.
Venezuela Replace
NSE continues to observe the state of affairs in Venezuela and reminds shareholders that our Proper of First Refusal with GoldPillar Worldwide SPC Ltd stays in place whereby NSE can resume its 40% fairness participation within the 4 fields situated in Jap Venezuela for a nominal price.
Ahead-Trying Data
Sure info set forth on this information launch constitutes “forward-looking statements”, and “forward-looking info” underneath relevant securities laws (collectively, “forward-looking statements”). All statements aside from statements of historic reality are forward-looking statements. Ahead-looking statements could also be recognized by way of conditional or future tenses or by way of phrases equivalent to “will”, “expects”, “intends”, “might”, “ought to”, “estimates”, “anticipates”, “believes”, “initiatives”, “plans”, and comparable expressions, together with variations thereof and damaging varieties. Ahead-looking statements on this information launch embrace, amongst others, the end result of negotiations for amendments to the Soledad contract, together with the influence thereof on NSE’s future obligations and the timing and quantity of any money cost obtained in respect thereof; the entry right into a definitive settlement in respect of a three way partnership in Colombia, and the following acquisition and improvement of oil and fuel manufacturing blocks in Colombia; the receipt of approval from the ANP to be an accepted operator in Brazil; the formal closing of the farm-out transaction in Brazil and the timing thereof; the bidding course of and the timing and end result thereof for Block 192; and the operational outcomes from Block 192. Ahead-looking statements are primarily based on the Company’s present inner expectations, estimates, projections, assumptions and beliefs, which can show to be incorrect. Ahead-looking statements are usually not ensures of future efficiency and undue reliance shouldn’t be positioned on them.
In respect of the forward-looking statements contained herein, the Company has offered them in reliance on sure key expectations and assumptions made by administration, together with expectations and assumptions regarding the coming into into of a negotiated settlement in respect of the Soledad contract on phrases acceptable to the Company or in any respect, the execution of definitive agreements in respect of the three way partnership in Colombia and the associated acquisitions of current oil and fuel manufacturing blocks (together with receipt of all approvals and satisfaction of all situations to the completion thereof) on phrases acceptable to the Company or in any respect, the approval course of by the ANP to grow to be an accepted operator in Brazil, the bidding course of (together with consideration payable for the award of Block 192, the receipt of all required company, authorities and regulatory approvals), the supply of debt and fairness financing on phrases acceptable to the Company, prevailing climate situations, prevailing laws affecting the oil and fuel business, commodity costs and change charges.
Though NSE believes that the expectations and assumptions on which the forward-looking statements are primarily based are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of NSE can provide no assurance that they are going to show to be appropriate. Such forward-looking statements essentially contain identified and unknown dangers and uncertainties, which can trigger precise efficiency and monetary ends in future intervals to vary materially from any projections of future efficiency or outcomes expressed or implied by such forward-looking statements. These dangers and uncertainties embrace, however are usually not restricted to: dangers related to the oil and fuel business normally (e.g., operational dangers in improvement, exploration and manufacturing; the uncertainty of reserve estimates; the uncertainty of estimates and projections regarding manufacturing, prices and bills, and well being, security and environmental dangers); dangers related to negotiating with overseas governments in addition to nation danger related to conducting worldwide actions; the influence of basic financial situations in Canada, Mexico, Colombia, Ecuador, Brazil and Peru; extended volatility in commodity costs; the danger that the U.S. administration imposes tariffs affecting the oil and fuel business in Mexico, Colombia, Ecuador, Brazil, Peru or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely have an effect on the demand for the Company’s manufacturing, or in any other case adversely have an effect on the Company’s enterprise or operations; the danger that Oriente Mix oil costs are decrease than anticipated; determinations by OPEC and different nations as to manufacturing ranges; the danger of modifications in authorities coverage on useful resource improvement; business situations together with modifications in legal guidelines and laws together with adoption of latest environmental legal guidelines and laws, and modifications in how they’re interpreted and enforced; the timing for conducting deliberate operations and the outcomes of such operations, together with circulate charges and ensuing manufacturing; the supply of the requisite personnel and tools to conduct operations; the flexibility to efficiently combine operations and understand the anticipated advantages of acquisitions; the flexibility to extend manufacturing, and the anticipated value related therewith; failure of counterparties to carry out underneath contracts; modifications in forex change charges; rate of interest fluctuations; the flexibility to safe ample fairness and debt financing; and administration’s skill to anticipate and handle the foregoing elements and dangers.
There may be no assurance that forward-looking statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. New Stratus undertakes no obligation to replace forward-looking statements if circumstances or administration’s estimates or opinions ought to change besides as required by relevant securities legal guidelines. Precise outcomes, efficiency or achievement might differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance may be on condition that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages could also be derived therefrom.
Oil and Gasoline Advisory
Observe:
(1) The manufacturing and reserves knowledge was obtained from publicly out there sources (Perupetro Estadistica Anual de Hidrocarburos, 2019) and are introduced for the Block as a complete.
Statements regarding reserves are deemed to be forward-looking statements, as they contain the implied evaluation, primarily based on sure estimates and assumptions, that the reserves described exist within the portions predicted or estimated. The reserve estimates described herein are estimates solely. The precise reserves could also be larger or lower than these calculated.
It shouldn’t be assumed that the estimates of future web revenues introduced herein symbolize the honest market worth of the reserves. There are quite a few uncertainties inherent in estimating portions of crude oil, reserves and the longer term web revenues attributed to such reserves.
References on this information launch to historic manufacturing charges are usually not indicative of long run efficiency or of final restoration. Readers are cautioned to not place reliance on such charges in assessing the longer term manufacturing charges for the Company.
Boes could also be deceptive, notably if utilized in isolation. A boe conversion ratio of 6 thousand cubic toes (Mcf) per 1 barrel (bbl) relies on an vitality equivalency conversion methodology primarily relevant on the burner tip and doesn’t symbolize a price equivalency on the wellhead. As the worth ratio between pure fuel and crude oil primarily based on the present costs of pure fuel and crude oil is considerably totally different from the vitality equivalency of 6:1, using a 6:1 conversion foundation could also be deceptive as a sign of worth.
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
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