Altura begins He production from two recompleted wells

Mr. Robert Johnston reports ALTURA ENERGY SUCCESSFULLY RECOMPLETES TWO INITIAL WELLS AND IS PRODUCING AND SELLING HELIUM THROUGH ONSITE PROCESSING PLANT AS OF NOVEMBER 19, 2025 Altura Energy Corp.'s initial two recompletions were successful and resulted in the re-establishment of helium flow to the on-site processing plant. Once processed, the helium is being sold to an offtake partner at a contracted price of $350 (U.S.)/mcf (thousand cubic feet), less deductions for plant maintenance. Well No. 1 and No. 2 were completed on Nov. 7 and Nov. 13, respectively. Since completion, both wells have shown positive signs of long-term helium production with stable downhole pressures and initial 12-hour flow rates of 123 mcf/day of gas from well No. 1 and 118 mcf/day from well No. 2. Helium concentrations are indicated to be between 5 per cent to 8 per cent based on initial flow results from the processing plant, however, the company is currently scheduling a gas analysis to be conducted on the wells. "Since these wells have had no work done to them after being drilled in 2020, I was pleasantly surprised by the state of the wells and the positive pressure signs they are showing now that recompletion work has finished," says Ashley Lastinger, chief executive officer of the company. The company is currently monitoring the wells on a day-to-day basis and evaluating the maintenance efforts required, if any, for long-term helium production. The company has contracted a team of engineers and experienced field personnel tasked with ensuring consistent helium production from the two wells and will be on site daily for the foreseeable future. The company is currently evaluating three additional wells on the property to be completed once the gas analysis is finalized on the initial two wells. The analysis and initial well monitoring will help the company understand the geology and helium flow characteristics in more depth before the recompletion of additional targets, ensuring efficient use of capital. About Altura Energy Corp. Altura Energy is an exploration and production company with interests in the Holbrook basin of Arizona. We seek Safe Harbor.