Red Sky Energy Boosts Production and Expands Offshore Oil Resources

• Yarrow 3 well generates $0.57 million in gross production receipts year-to-date
• Successful hydraulic fracturing at Yarrow 1 targets enhanced gas production with first gas expected Q3 2025
• Killanoola project progressing with cost reduction talks and planned drilling of KN2 well
• Red Sky secures 35% interest in Angola’s Block 6/24 with independent estimates of 5.1 MMbbl 2C contingent and 11.0 MMbbl 2U prospective resources