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

Executive Summary

• New Stratus Energy reported three‑month results ending September 30 2025 with an adjusted EBITDA loss of $3.03 M and a net loss from continuing operations of $2.42 M ($0.02 per share).
• The company disclosed ongoing negotiations to amend the Soledad contract in Mexico, a pending joint‑venture MOU in Colombia, a farm‑out agreement in Brazil, and an application for Block 192 in Peru.
• Forward‑looking statements highlight expected refunds from the Soledad settlement, definitive agreements for the Colombian JV, ANP approval for the Brazilian transaction, and potential award of Block 192 before year‑end 2025.

Key Details

• Financial Highlights (Three months ended Sep 30 2025)
• Adjusted Working Capital: $(2,018,511)
• Adjusted EBITDA: $(3,025,542)
• Ecuador Tax recovery (correction factor): $6,810,941
• Net loss from continuing operations: $(2,419,176) or $(0.02) per share
• Average daily OPS production: 2,058 boepd

• OPS equity pick‑up (49% net to NSE): $328,478

• Mexico Update – Negotiating amendment to the Soledad contract; expectation to be released from future obligations and receive a partial refund of capital expenditures incurred, anticipated before year‑end 2025.

• Colombia Update – Binding memorandum of understanding for a joint‑venture with a local operator (approved by Agencia Nacional de Hidrocarburos). Definitive JV agreement expected before year‑end 2025.

• Brazil Update – Executed definitive farm‑out agreement with Vultur Oil on Oct 20 2025; application submitted to ANP for operator approval. Transaction will close upon ANP approval.

• Peru – Block 192 – Formal application submitted Aug 13 2025 to operate and invest in Block 192. Awaiting decision from Petroperú/Perupetro. Historical production peaked at >15,000 boe/d; 2019 reserves estimate ≈87.14 MMbbl (proved + probable).

• Venezuela Update – Right of First Refusal with GoldPillar International remains; NSE can resume 40% equity in four Eastern Venezuela fields for a nominal fee.

• Forward‑Looking Statements – Include expectations on Soledad settlement, Colombian JV execution, ANP approval, farm‑out closing, Block 192 award, and related operational results.

Notable Quotes

• “Our recent operational and contractual developments position New Stratus to unlock value across our international portfolio while we continue to manage a challenging commodity environment,” – Jose Francisco Arata, Chairman & CEO.