• JAPEX completed the acquisition of Fundare on Oct. 1, 2026, adding tight oil and gas assets in Colorado and Wyoming.
• Total enterprise value was about USD 278 million; USD 220 million financed via reserve-based lending, remainder funded by Peoria internal cash.
• Fundare’s acreage sits near Peoria’s Verdad assets acquired in February 2026, positioning the combined footprint for more efficient development.
• Fundare will continue operating the assets, as JAPEX targets faster profit generation while building operator experience in U.S. tight resources.

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. JAPEX - Japan Petroleum Exploration Co. Ltd. published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.