Certain statements in this news release constitute forward-looking information under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as “expect”, “plan”, “estimate”, “may”, “will”, “should”, “could”, “would”, “ongoing”, “project”, “expect”, “predict”, “intend”, “seek”, “future”, “forecast”, “continue”, ”capable”, “schedule”, “prepare”, upcoming” or other similar wording. Forward-looking information in this news release includes, but is not limited to, information concerning: the timing and ability of the Company to execute growth and sustainability strategies including the financing for these activities; the timing and ability to complete rigging up and commence a multi-well drilling program; the timing and ability to design and install field compression; the timing and ability to penetrate and evaluate the carbonate reservoir sections and the deeper stacked clastic reservoirs and reach the planned depth at the top of the basement rock formations; the timing and ability of the structure to contain a potential fractured reservoir play; the timing and ability for the stacked clastic reservoirs to hold upside potential in the region; the timing and ability for the data from the first vertical well to optimize the subsequent horizontal well target intervals; the timing and ability to drill two horizontal wells in the fourth quarter of 2025; the timing and ability to utilize western MWD and LWD technologies and personnel to geo-steer the drill bit within the mapped porous intervals to drill lateral distances of up to 1,500 meters; the timing and ability to intersect open, natural fractures; the timing and ability to complete the horizontal wells as open holes and stimulate using acid and nitrogen; the accuracy of the internally developed ‘type curve’ for the horizontal wells to predicted initial production rates and actual results may differ significantly; the timing and ability to add a second drilling rig in 2026; the timing and ability to drill up to eleven new wells in 2026; the timing and ability to interpret and integrate recently reprocessed 3D seismic and 3D seismic inversion attributes; the and ability to contract a second drilling rig the timing and ability of the in-field flowline water separation system to separate water from the gas streams at the field gathering network, reduce pipeline flow pressure and lead to higher reservoir flow rates; the timing and ability to conduct detailed engineering for field compression; the timing and ability of the field compression to help mitigate increasing trunkline pressures; the accuracy of the internal calculations to predict production increases due to field compression and actual results may differ significantly; the timing and ability of the field compression to increase production; the timing and ability to receive and utilize the natural gas allocations as feed gas for the planned modular LNG production facilities; the Company’s expectations in respect of the future uses of LNG; the timing and ability to acquire, transport and construct modular LNG production facilities; the timing and ability to obtain funding for the construction of modular LNG production facilities; the timing and ability to commission the First LNG Facility during the second quarter of 2026; the estimated costs to complete the First LNG Facility construction and commissioning; the timing and ability to liquefy natural gas to produce LNG; the timing and ability to confirm LNG volume commitments with potential end-users; the timing and ability of the First LNG Facility to produce 48,000 gallons of LNG per day; the timing and ability of the Company to construct two additional modular LNG facilities capable of producing 48,000 gallons of LNG per day at the First LNG Facility site; the timing and ability to finalize LNG off-taker agreements for the First LNG Facility; the timing and ability to complete fabrication works with respect to the First Facility; the timing and ability to receive the Bridge Loan funds; the timing and ability to purchase and receive long lead equipment; the potential for the Sayakbay and Kolkuduk license to contain commercial deposits; the timing and ability of the Company to fund, permit and complete planned activities at Sayakbay including drilling two wells and conducting preliminary engineering for the production facilities; the estimated costs of the initial development plan for Sayakbay; the timing and ability of the third natural gas allocation to be used for LNG production; the timing and ability to optimize the planned method for direct lithium extraction; the timing and ability of the Company to generate a report in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects; the timing and ability to commence exploration mining activities to evaluate the potential for commercial lithium brine deposits; the accuracy of the projections and timing with respect to natural gas and condensate production; expected markets, prices and costs for future natural gas and condensate sales; the timing and ability of the Company to obtain various approvals and conduct its planned exploration and development activities; the timing and ability to access natural gas pipelines; the timing and ability to access domestic and export sales markets; the accuracy of the anticipated capital expenditures; forecasted capital and operating budgets and cashflows; anticipated working capital; sources and availability of financing for potential budgeting shortfalls; the timing and ability to obtain future funding on favourable terms, if at all; the potential for additional contractual work commitments to be significant; the ability to satisfy and fund the contractual work commitments; projections relating to the adequacy of the Company’s provision for taxes; the expected reporting impacts of adopting amendments to IFRS accounting policies; and treatment under governmental regulatory regimes and tax laws.
