Quarterly Activities/Appendix 5B Cash Flow Report

Fourteen new leases covering 34,560 acres with existing 3D seismic coverage secured in the North Slope Fall 2025 Bid Round, materially expanding the Company’s operated footprint across two high-potential areas1: Ø South Prudhoe: Seven leases covering approximately 16,640 acres immediately south of the Prudhoe Bay Unit, the largest oilfield in North America, leveraging proximity to the existing 88E