Capitalization as of March 31, 2026 | Basic Shares Outstanding | 125,427,654 | | --- | --- | | Market Capitalization @ C$8.84 / Share | C$1,109mm | | Net Debt / (Surplus) | (C$22mm) | | Enterprise Value | C$1,087mm | | Ownership (Waterous Energy Fund / Public) | 72% / 28% | YE 2025 McDaniel & Associates Reserve Report Summary(1) Q1 2026 UPDATE May 2026 Corporate Snapshot | Reserves | | 1P: 232 Mmbbls (39-Year RLI) | | --- | --- | --- | | | | 2P: 409 Mmbbls (69-Year RLI) | | Net Asset Value, After-Tax | | 1P ...