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New Stratus Energy Announces Agreement to Acquire Production & Significant Development Opportunity in Mexico

New Stratus Energy Announces Agreement to Acquire Production & Significant Development Opportunity in Mexico

新Stratus Energy宣佈同意收購墨西哥的生產和重大開發機會
newsfile ·  05/14 08:30

Calgary, Alberta--(Newsfile Corp. - May 14, 2024) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce it has entered into definitive agreements (the "Definitive Agreements") with an arm's-length vendor (the "Vendor") for the acquisition of an initial 49% equity interest in Operaciones Petroleras Soledad S. de R.L. de C.V. ("OPS"), a private Mexican oil & gas company, with the exclusive right for NSE to negotiate the purchase up to an additional 41% of the equity interest in OPS, as described in further detail below (the "Acquisition"). OPS is the third-party contractor and operator of a hydrocarbons production contract awarded by Pemex Exploracion y Produccion, S.A. de C.V. ("PEP"), a subsidiary of Petroleos Mexicanos the Mexican national oil company, on the Soledad block ("Soledad Block") located in the State of Veracruz in eastern Mexico (the "O&G Contract").

艾伯塔省卡爾加里--(Newsfile Corp.,2024年5月14日)——新斯特拉圖斯能源公司(TSXV:NSE)(“New Stratus”、“NSE” 或 “公司”)欣然宣佈,它已與一家獨立供應商(“供應商”)簽訂了收購Operaciones Petroleras Soledad初始49%股權的最終協議(“最終協議”)墨西哥私營石油和天然氣公司S. de R.L. de C.V.(“OPS”)擁有NSE談判收購OPS最高41%股權的獨家權利,詳情見進一步詳細說明下面(“收購”)。OPS是墨西哥國家石油公司墨西哥石油公司的子公司墨西哥石油勘探與生產有限公司(“PEP”)授予的碳氫化合物生產合同的第三方承包商和運營商,該合同涉及位於墨西哥東部韋拉克魯斯州的索萊達區塊(“索萊達區塊”)(“O&G合同”)。

Soledad Block Acquisition Highlights

Soledad 區塊收購亮點

  • Soledad Block: 124 km2 onshore eastern Mexico
  • Term: Initial term ending in July of 2039; will apply for a ten year extension
  • Purchase Price: US$2 million for the initial 49% tranche
  • Effective Date: Effective May 1, 2024, NSE is entitled to the economic interests, including production and cash flows therefrom, of being a 49% equity interest holder in OPS
  • Commitment: NSE has agreed to fund capital expenditure requirements under the O&G Contract; maximum capital exposure of NSE under the facility at any point in time will be approximately US$12.5 million
  • Project Reserves(1): Soledad Block proved reserves are estimated at 43.3 million barrels of oil equivalent (mmboe)
  • Production(2): Soledad Block gross production is approximately 1,430 barrels of oil equivalent per day (boe/d)
  • Second Tranche ROFR: NSE will have a ROFR to negotiate the second tranche of the Acquisition
  • Soledad Block: 124 千米2 墨西哥東部陸上
  • 任期: 初始任期將於 2039 年 7 月結束;將申請延長十年
  • 購買價格: 首批 49% 的部分爲 200 萬美元
  • 生效日期:自2024年5月1日起,NSE有權獲得作爲OPS49%股權持有人的經濟利益,包括生產和由此產生的現金流
  • 承諾: NSE已同意爲O&G合同下的資本支出要求提供資金;NSE在任何時候在該基金下的最大資本敞口約爲1,250萬美元
  • 項目儲備(1): 據估計,索萊達區塊的探明儲量爲4,330萬桶石油當量(mmboe)
  • 製作(2): Soledad Block 的總產量約爲每天 1,430 桶石油當量(boe/d)
  • 第二批投資回報率: NSE將有ROFR來談判第二批收購

Notes:

注意事項:

(1) See Oil and Gas Advisory, below.
(2) See Oil and Gas Advisory, below.

(1) 參見下文《石油和天然氣諮詢》。
(2) 參見下文《石油和天然氣諮詢》。

Acquisition

收購

The Acquisition has been structured into two tranches. The first tranche involves the purchase by NSE of an initial 49% equity interest in OPS. As consideration for the first tranche of the Acquisition, NSE will (i) pay the vendor a fixed amount of US$2 million at closing; (ii) fund the capital commitments and, in certain cases, operational costs of OPS for the next two years of the O&G Contract for an amount of US$15 million in year one and US$30 million in year two (the "Commitment"); and (iii) assume 49% of the abandonment obligations to be completed by the end of the O&G Contract in 2039, which are estimated at US$9.95 million net to NSE.

此次收購分爲兩部分。第一批涉及國家證券交易所收購OPS的初始49%股權。作爲第一批收購的對價,NSE將(i)在收購完成時向供應商支付200萬美元的固定金額;(ii)爲O&G合同未來兩年的資本承諾以及在某些情況下爲OPS的運營成本提供資金,第一年爲1,500萬美元,第二年爲3,000萬美元(“承諾”);(iii)承擔49%的放棄義務給應在2039年O&G合同到期之前完成,估計NSE的淨額爲995萬美元。

Pursuant to the terms of the Definitive Agreements, effective May 1, 2024, NSE is entitled to the economic interests, including production and cash flows therefrom, of being a 49% equity interest holder in OPS which entitlement begins in advance of the closing of the first tranche. Closing of the first tranche is expected to occur on or about July 29, 2024 and is conditional upon NSE funding the first US$15 million of the Commitment.

根據自2024年5月1日起生效的最終協議的條款,NSE有權獲得作爲OPS49%股權持有人的經濟利益,包括生產和現金流,其權利在第一筆交易結束之前開始。第一批資金預計將於2024年7月29日左右完成,條件是國家證券交易所爲該承諾的首批1500萬美元提供資金。

The Commitment will be reimbursed by OPS using cashflow from operations and the maximum capital exposure of NSE under the Capex Commitment is estimated at US$12.5 million.

OPS將使用運營現金流償還該承諾,根據資本支出承諾,NSE的最大資本敞口估計爲1,250萬美元。

With the signing of the first tranche of the Acquisition, NSE has nominated one director to the board of directors of OPS, has filled a number of technical and managerial positions of OPS, and will nominate a member of OPS in the operating committee of the O&G Contract.

隨着第一批收購的簽署,NSE已提名一名董事加入OPS董事會,填補了OPS的多個技術和管理職位,並將提名OPS成員加入O&G合同的運營委員會。

The second tranche involves the purchase by NSE of up to an additional 41% of the equity interest of OPS under terms to be negotiated among NSE and the Vendor based on the results of operations on the field. NSE will have exclusivity, a right of first offer and a first right of refusal ("ROFR") for six months after completion of the two-year Commitment, to negotiate the second tranche of the Acquisition, which will be subject to regulatory approval.

第二部分涉及NSE根據現場運營結果與供應商協商的條款,NSE最多額外收購OPS的41%股權。在爲期兩年的承諾完成後的六個月內,NSE將擁有獨家經營權、首次要約權和第一拒絕權(“ROFR”),以就第二部分收購進行談判,這需要獲得監管部門的批准。

OPS

OPS

OPS has been operating the O&G Contract at the Soledad Block awarded by PEP since 2013. The O&G Contract was amended on May 1, 2024, with an effective date of May 1, 2024 to, among other things, extend its term until 2039, with a possible additional 10-year extension, and to include a profit-sharing remuneration structure for OPS based on revenues minus royalties, special taxes and irreducible costs. Under current pricing and based on current royalty rates and tax rates, the profit participation for OPS under the O&G Contract is 88.23%. Gross current production for the Soledad Block is approximately 1,430 boe/d, and this amended O&G Contract provides economic incentive for additional investment in the Soledad Block which is expected to materially increase production. The new development plan approved by PEP calls for 42 workover wells, 12 deviated wells and 4 horizontal wells during the first two years, which will be funded through the Capex Commitment.

自2013年以來,OPS一直在運營PEP授予的索萊達區塊的石油與天然氣合同。石油和天然氣合同於2024年5月1日修訂,生效日期爲2024年5月1日,除其他外,將期限延長至2039年,並可能再延長10年,並納入基於收入減去特許權使用費、特殊稅和不可減少成本的OPS利潤分享薪酬結構。在當前定價下,根據當前的特許權使用費率和稅率,O&G合同下OPS的利潤參與率爲88.23%。索萊達區塊目前的總產量約爲1,430桶/日,修訂後的石油與天然氣合同爲增加對Soledad區塊的投資提供了經濟激勵,預計這將大幅提高產量。PEP批准的新開發計劃要求在頭兩年內建造42口修井井、12口偏井和4口水平井,這些資金將通過資本支出承諾提供資金。

Advisors

顧問

Cormark Securities Inc. and Horizon Partners acted as financial advisors to the Corporation with respect to the Acquisition. Dentons Colombia, Dentons Mexico and Dentons Canada LLP acted as legal counsel to the Corporation with respect to the Acquisition.

Cormark Securities Inc.和Horizon Partners就此次收購擔任該公司的財務顧問。大成哥倫比亞分公司、墨西哥大成律師事務所和加拿大大成律師事務所就此次收購擔任了公司的法律顧問。

Echelon Wealth Partners Inc. and Paradigm Capital Inc. are acting as financial advisors to the Corporation.

Echelon Wealth Partners Inc.和Paradigm Capital Inc.擔任該公司的財務顧問。

Contact Information:

聯繫信息:

Jose Francisco Arata
Chairman & Chief Executive Officer
jfarata@newstratus.energy

何塞弗朗西斯科阿拉塔
董事長兼首席執行官
jfarata@newstratus.energy

Wade Felesky
President & Director
wfelesky@newstratus.energy

韋德·費萊斯基
總裁兼董事
wfelesky@newstratus.energy

Mario Miranda
Chief Financial Officer
mmiranda@newstratus.energy - (647) 498-9109

馬里奧米蘭達
首席財務官
mmiranda@newstratus.energy-(647) 498-9109

Forward-Looking Information

前瞻性信息

Certain information set forth in this news release constitutes "forward-looking statements", and "forward-looking information" under applicable securities legislation (collectively, "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use of words such as "will", "expects", "intends", "may", "should", "estimates", "anticipates", "believes", "projects", "plans", and similar expressions, including variations thereof and negative forms. Forward-looking statements in this news release include, among others, the closing of the initial tranche of the Acquisition including the timing thereof and the expected benefit to the Corporation, the closing of the second tranche of the Acquisition, including the timing, the purchase price and the other material terms thereof, the expectation that OPS will apply for an extension of the O&G Contract, the result of such application and the expected benefits therefrom, reserves volumes, expected production amounts, the amounts to be funded under the Commitment, the timing of such funding, the use of proceeds by OPS under the Commitment, the expected maximum exposure of NSE under the Commitment, the expected abandonment obligations under the O&G Contract, and the timing of the new development plan, the number and types of wells to be drilled in connection therewith and the results therefrom. Forward-looking statements are based on the Corporation's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them.

本新聞稿中列出的某些信息構成 “前瞻性陳述”,以及適用的證券立法下的 “前瞻性信息”(統稱,”前瞻性陳述“)。除歷史事實陳述以外的所有陳述均爲前瞻性陳述。前瞻性陳述可以通過使用條件時態或將來時態來識別,也可以使用諸如 “將”、“期望”、“打算”、“可能”、“應該”、“估計”、“預期”、“相信”、“項目”、“計劃” 等詞語以及類似的表達,包括其變體和否定形式。本新聞稿中的前瞻性陳述包括:第一批收購的完成,包括收購的時間和公司的預期收益;第二批收購的完成,包括時機、收購價格和其他重要條款;OPS將申請延長O&G合同的預期;此類申請的結果及其預期收益;儲備量;預期產量;金額將根據承諾提供資金,此類資金的發放時間、OPS根據承諾對收益的使用、承諾下NSE的預期最大風險敞口、O&G合同規定的預期放棄義務以及新開發計劃的時機、與之相關的鑽井數量和類型以及由此產生的結果。前瞻性陳述基於公司當前的內部預期、估計、預測、假設和信念,這些預期可能不正確。前瞻性陳述不能保證未來的表現,不應過度依賴它們。

In respect of the forward-looking statements contained herein, the Corporation has provided them in reliance on certain assumptions that it believes are reasonable at this time, some or all of which may prove to be incorrect. Accordingly, readers should not place undue reliance on the forward-looking statements contained herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the ability to successfully integrate operations and realize the anticipated benefits of the Acquisition; the ability to increase production at the Soledad Block, and the anticipated cost associated therewith; incorrect assessments of the value of the Acquisition; changes in government regulations; changes in commodity prices and currency exchange rates; interest rate fluctuations; the ability to secure adequate equity and debt financing; and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. New Stratus undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom.

關於此處包含的前瞻性陳述,公司是根據其認爲目前合理的某些假設提供這些陳述的,其中一些或全部可能被證明是不正確的。因此,讀者不應過分依賴此處包含的前瞻性陳述。此類前瞻性陳述必然涉及已知和未知的風險和不確定性,這可能導致未來時期的實際業績和財務業績與此類前瞻性陳述所表達或暗示的對未來業績或業績的任何預測存在重大差異。這些風險和不確定性包括但不限於:成功整合運營和實現收購預期收益的能力;提高Soledad Block產量的能力以及與之相關的預期成本;對收購價值的錯誤評估;政府監管的變化;大宗商品價格和貨幣匯率的變化;利率波動;確保充足股權和債務融資的能力;以及管理層預測和管理上述情況的能力因素和風險。無法保證前瞻性陳述會被證明是準確的,實際結果和未來事件可能與此類陳述中的預期存在重大差異。除非適用的證券法要求,否則如果情況或管理層的估計或意見發生變化,New Stratus沒有義務更新前瞻性陳述。實際結果、業績或成就可能與這些前瞻性陳述所表達或暗示的結果存在重大差異,因此,無法保證前瞻性陳述所預期的任何事件會發生或發生,也無法保證其中任何事件可能從中獲得什麼好處。

Oil and Gas Advisory

石油和天然氣諮詢

This news release includes a reserves estimate which is based on estimated total petroleum initially in place and a recovery factor attributable to the Soledad Block (as determined in 2019 by a technical and operational task force including Gaffney, Cline & Associates) The asset offers several opportunities to increase production including targeted well intervention and well construction activities. The reserves estimate is based on the procedures and standards contained in the Petroleum Resources Management System ("PRMS") of the Society of Petroleum Engineers, which is the historical reserves estimation methodology used by the Vendor. The use of PRMS differs from the reserves estimation requirements under Canadian securities laws. The reserves estimate provided herein is for informational purposes only and therefore should not be unduly relied upon. The Corporation has engaged a qualified reserves evaluator to prepare reserves estimates in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities, and will disclose such estimates upon the completion of the evaluation.

該新聞稿包括儲量估計,該估算基於最初的石油總量和歸因於索萊達區塊的回收係數(由包括Gaffney、Cline & Associates在內的技術和運營工作組於2019年確定)。該資產爲增加產量提供了多種機會,包括有針對性的油井榦預和油井建設活動。儲量估算基於石油工程師協會石油資源管理系統(“PRMS”)中包含的程序和標準,該系統是供應商使用的歷史儲量估算方法。PRMS的使用不同於加拿大證券法規定的儲備金估算要求。此處提供的儲量估算值僅供參考,因此不應過分依賴。該公司已聘請了一名合格的儲量評估人員根據加拿大石油和天然氣評估手冊和國家儀器51-101《石油和天然氣活動披露標準》編制儲量估算,並將在評估完成後披露此類估算值。

Statements relating to reserves and resources are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated. The reserve and resource estimates described herein are estimates only. The actual reserves and resources may be greater or less than those calculated. There is no certainty that it will be commercially viable to produce any of the reserves or resources.

與儲量和資源有關的陳述被視爲前瞻性陳述,因爲它們涉及基於某些估計和假設的隱含評估,即所描述的儲量和資源以預測或估計的數量存在。此處描述的儲量和資源估計數僅爲估計數。實際儲量和資源可能大於或小於計算的儲量和資源。不確定生產任何儲量或資源在商業上是否可行。

Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 thousand cubic feet (Mcf) per 1 barrel (bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value.

Boes 可能會產生誤導,特別是單獨使用時。每桶(bbl)6,000立方英尺(Mcf)的京東方石油氣轉換率基於主要適用於燃燒器尖端的能量等效轉換方法,並不代表井口的等值值。由於基於當前天然氣和原油價格的天然氣和原油之間的價值比率與 6:1 的能源當量有顯著差異,因此使用 6:1 的轉換基準作爲價值指示可能會產生誤導。

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

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