In conjunction with closing the Acquisition, we are updating our 2026 guidance to reflect the contribution of the acquired assets.

Highlights:

Closed the Acquisition on June 30, 2026, adding approximately 2,500 boe/d of high-quality Belly River light oil production (76% liquids, based on May production) and 35 net sections of land in the Wilson Creek area of Willesden Green

Updated 2026 production guidance to 29,000-31,000 boe/d, representing a midpoint of 30,000 boe/d

Currently targeting approximately 22% total production growth in 2027, including acquired volumes, and approximately 28% growth in light oil production versus 2026

Planned six-well development program on the acquired lands in early 2027 is expected to increase production from the acquired assets to ~3,000 boe/d

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.