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New Stratus Energy Announces Filing of 2025 Year End Financials & Corporate Updates
Calgary, Alberta--(Newsfile Corp. - May 6, 2026) - New Stratus Energy Inc. (TSXV: NSE) ("New Stra...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Filing of 2025 Year End Financials & Corporate UpdatesCalgary, Alberta--(Newsfile Corp. - May 6, 2026) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\", \"NSE\" or the \"Corporation\") has filed its year end 2025 financials which are now available on SEDAR+ (www.sedarplus.ca).Colombia UpdateAs previously disclosed on December 1, 2025 NSE has entered into a binding memorandum of understanding for a joint venture agreement with a local operator, approved with the Agencia Nacional de Hidrocarburos in Colombia, to jointly acquire and develop existing oil and gas production blocks in Colombia. After several months of negotiation, the definitive agreement is expected to be executed by the end of May 2026.Venezuela UpdateOn August 2, 2023, NSE announced that it had signed a memorandum of understanding with GoldPillar International Fund SPC Ltd. (\"Goldpillar\") to develop four onshore fields located in the Eastern Basin of Venezuela under the joint venture \"Empresa Mixta Vencupet\" with PDVSA . The fields had produced almost 600 million boe since production began in 1959 and produced at a maximum rate of 60,000 boe/d in 1960. Due to infrastructure erosion and a lack of capital, production today remains minimal at an average of 1,500 bbl/d. In the fourth quarter of 2024, the Trump administration expanded its \"Maximum Pressure\" sanction enforcement measures. As a result, in December 2024, NSE entered into a termination agreement pursuant to which it formally dissolved its joint venture.Following the termination of its joint venture, NSE relinquished its entire equity stake in the joint venture at no cost. For two years from the termination, NSE will be allowed to negotiate in good faith to reacquire its shareholding in the joint venture. These negotiations have been initiated with our former partner at Goldpillar, and NSE expects to acquire 100% of the working interest in Goldpillar by the end of the second quarter 2026.Furthermore, NSE is working with numerous partners to acquire other \"Empresas Mixtas\" i.e. working interests from existing partners of PDVSA and is negotiating directly with U.S. oil services, operating and financial companies to sign memoranda of understanding (\"MOU's\") to request production sharing contracts as contemplated in the new hydrocarbon laws.Since the U.S. Government l...