XXL Energy adds three wells to Standard agreement

Executive Summary

• XXL Energy Corp. amended its existing farmout agreement with Standard Energy by adding three new wells, expanding the scope of the partnership.
• The amendment was executed on August 22 2025 and the additional wells were officially registered in Sublette County, Wyoming on October 31 2025.
• The change does not alter the original terms of the July 1 2017 agreement but reflects continued collaboration with Standard Energy, a company owned by director John R. Hislop.

Key Details

• Amendment Effective Date: August 22 2025.
• Original Farmout Agreement: Entered into and effective July 1 2017 between Exxel Energy (USA) Inc. (wholly‑owned subsidiary of XXL) and Standard Energy.
• Additional Wells: Three new wells added to the farmout agreement; all three were registered with Sublette County, Wyoming on October 31 2025.
• Parties Involved:
• Exxel Energy (USA) Inc.: Wholly‑owned subsidiary of XXL Energy Corp.
• Standard Energy: Private company wholly owned by John R. Hislop, who is a director and officer of XXL Energy Corp.
• Agreement Terms: No changes to the original contractual provisions; amendment solely expands the number of wells covered under the third paragraph of the agreement.

Notable Quotes

(No quotes were provided in the release.)