Upper Austria Work Program Update

“Permitting for two shallow gas wells will be completed by mid- January 2026 with well site construction to follow for the drilling of the first well (HOCH-1).” Key points: The planning, permitting and contracting of services is being finalised for the resumption of flow testing of the Welchau-1 well and the drilling of up to three (3) shallow (99% pure methane) gas prospects (HOCH-1, GOLD-1 and S