New Stratus submits formal application for block 192

Mr. Jose Arata reports NEW STRATUS ENERGY ANNOUNCES FORMAL APPLICATION FOR BLOCK 192 IN PERU New Stratus Energy Inc. has submitted a formal application to operate and invest in the further development of block 192 in Peru. Following the submission of the application, New Stratus will wait for the final decision from a process being run by the government of Peru, specifically Petroperu and Perupetro. The technical team at NSE operated block 192 at a previous company from 2015 to 2021, at which point the block was returned to the government of Peru, following a declaration of "force majeure." Production peaked at over 15,000 barrels of oil equivalent per day of 18-degree API oil under the guidance of the technical team during that period and, in 2019, Perupetro estimated proved plus probable reserves of approximately 87.14 million barrels (1). The block has been shut in since 2021 as the government determines the appropriate partnership to restore production and develop the reserves in the most sustainable and economic manner possible to maximize benefits for the surrounding communities and the Republic of Peru. New Stratus will release further details on the process when available. (1) The production and reserves data were obtained from publicly available sources (Perupetro Estadistica Anual de Hidrocarburos, 2019) and are presented for the block as a whole. We seek Safe Harbor.