The Acquisition will be funded through a $30.0 million bought deal equity financing (the “Equity Financing“) and an expanded $75.0 million credit facility (the “ExpandedCredit Facility“). Closing of the Acquisition, the Equity Financing and the Expanded Credit Facility is expected to occur on August 6, 2026. Alongside this guidance revision, the Company is also increasing its previously announced 2026 capital expenditure budget from $35 – 40 million to $50 – 55 million. After giving effect to the Acquisition, the Company now expects exit 2026 production of 4,000 – 4,500 boe/d. Throughout this press release, References to “oil” or “crude oil” in this press release include light crude oil, medium crude oil, heavy oil and tight oil combined.