Culture of continuous improvement converts operational wins into material cost savings

ir_statement / Sep 15, 2026 / receipt

Longer laterals at a lower per-metre cost

ir_statement / Sep 15, 2026 / receipt

DCET(1) cost reduced to $8.2MM (from $8.5MM)

ir_statement / Sep 15, 2026 / receipt

General and administration ($/boe)(2) $1.65 - 2.15 ↓ 24%

ir_statement / Sep 15, 2026 / receipt

Repositioned portfolio delivers lower cost structure and improved capital efficiency

ir_statement / Sep 15, 2026 / receipt

Acquired assets in Germany, currently producing ~1,000 boe/d (85% natural gas)

ir_statement / Sep 15, 2026 / receipt

Awarded land concessions totaling ~700,000 net acres adjacent to Germany acreage

ir_statement / Sep 15, 2026 / receipt

Divested remaining 60% interest in SA-07 block in Croatia for €15MM ($24MM)

ir_statement / Sep 15, 2026 / receipt

reduced go-forward cost from $8.5MM to $8.2MM

ir_statement / Sep 15, 2026 / receipt

Larger scale ARO program results in better capital efficiency

ir_statement / Sep 15, 2026 / receipt

Total well count has been reduced by 50% since 2022 through asset high-grading and asset retirement obligation expenditures

ir_statement / Sep 15, 2026 / receipt

Announced divestment of non-core assets, reduced net debt by $650MM

ir_statement / Sep 15, 2026 / receipt