• Callan JMB, via Callan Power, signed an agreement to buy non-operated Williston Basin oil and gas interests from The Pfanenstiel Company.
• Cash consideration set at USD 12.5 million, with reimbursement for certain costs tied to wells currently in process.
• Independent reserve report estimates PV-10 at USD 48.1 million proved, USD 82.7 million on a proved, probable and possible basis.
• Assets include interests across 377 producing wells, about 150 BOE/day net output, roughly 85% crude oil weighted.
• Closing targeted before Oct. 1, 2026; portfolio also includes interests in 27 wells in process.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Callan JMB Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608270815PRIMZONEFULLFEED9817005) on August 27, 2026, and is solely responsible for the information contained therein.