Q2 2026 production was more than double that of Q2 2025, reflecting both organic development and two major acquisitions completed in 2025. Operating netback(2) for Q2 2026 was $69.05/boe, a 20% increase from Q1 2026 and a 47% increase from Q2 2025. During Q2 2026, Tenaz repurchased a total of 143,100 shares at a weighted average price of $49.78 per share. E&D capital expenditures(2) of $58 million during Q2 2026 were down 37% from the first quarter, resulting in Q2 2026 free cash flow(2) of $16 million. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta.