New Stratus Energy Inc V.NSE

New Stratus Energy Announces an Operations Update

[Betteryear2]

Calgary, Alberta--(Newsfile Corp. - March 4, 2024) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce an update from GoldPillar International Fund SPC Ltd. ("Goldpillar"), on activities in the Lido-Limn and Oficina fields, assigned to the joint venture Petrolera Vencupet S.A. ("Vencupet"), of which Goldpillar is a shareholder with a 40% stake (giving NSE a 20% interest). During the first two months of 2024, two reactivations were carried out on the LZ-621 and NG-522 wells, both located in the Lido-Limon field by replacing and connecting the mechanical pumps, currently both wells remain operational. Total accumulated production at Vencupet for January 2024 was 3,589 barrels of medium crude oil (23.4 degree API). In February 2024, the accumulated production was 2,317 barrels of similar oil, with the difference from the prior month being some maintenance that was required on one of the existing production lines that has now been completed. As of March 4, 2024, the aggregate production at Vencupet from the first two reactivated wells is 260 barrels of medium crude oil per day (bopd).

New Stratus Energy Announces an Operations Update from Goldpillar & Corporate Update (newsfilecorp.com)