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New Stratus Energy Announces Formal Application for Block 192 in Peru
Calgary, Alberta--(Newsfile Corp. - August 13, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New ...
About this update from New Stratus Energy Inc
[{"type":"text","content":"New Stratus Energy Announces Formal Application for Block 192 in PeruCalgary, Alberta--(Newsfile Corp. - August 13, 2025) - New Stratus Energy Inc. (TSXV: NSE) (\"New Stratus\", \"NSE\" or the \"Corporation\") is pleased to announce the submission of a formal application to operate and invest in the further development of Block 192 in Peru (the \"Block\").Following the submission of the application, NSE will wait for the final decision from a process being run by the Government of Peru, specifically Petroperu and Perupetro.The technical team at NSE operated Block 192 at a previous company from 2015 to 2021 at which point the Block was returned to the Government of Peru following a declaration of \"force majeure\". Production peaked at over 15,000 barrels of oil equivalent per day of 18° API oil under the guidance of the technical team during that period, and in 2019 Perupetro estimated proved plus probable reserves of approximately 87.14 million barrels.(1)The Block has been shut in since 2021 as the Government determines the appropriate partnership to restore production and develop the reserves in the most sustainable and economic manner possible to maximize benefits for the surrounding communities and the Republic of Peru.NSE will release further details on the process when available.(1) The production and reserves data was obtained from publicly available sources (Perupetro Estadistica Anual de Hidrocarburos, 2019) and are presented for the Block as a whole. Contact InformationJose Francisco ArataChairman & Chief Executive [email protected] Wade FeleskyPresident & [email protected] Mario MirandaChief Financial [email protected] - (647) 498-9109Forward-Looking InformationCertain 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...