Prospera Energy Reports 2025 Year-End Audited Financials and Reserves

Original announcement by orestocks on

Company
Prospera Energy Inc.
Ticker
PEI.V
Exchange
Unavailable
Region
Unavailable
Primary commodity
Oil and gas
Secondary commodities
None reported
Document categories
Resource update, Capital raise
Extracted
2026-10-01 04:09:56 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Prospera Energy Inc. reported its 2025 year-end audited financials and independently evaluated reserves, showing significant growth in total proved (1P) and proved plus probable (2P) oil and gas reserves. The company achieved this through a successful well reactivation program and strategic acquisitions, leading to increased reserve life indices and net present value. The report also noted an amendment to its senior lending facility and shares-for-debt settlements.

Reasoning: The company reported substantial growth in its independently evaluated oil and gas reserves and reserve life index, driven by operational successes and acquisitions, but also disclosed an increase in debt and share dilution from financial restructuring.

Positive factors

  • Significant growth in total proved (1P) and proved plus probable (2P) oil and gas reserves
  • Increased reserve life index
  • Successful well reactivation program and strategic acquisitions
  • Increased NPV of future net revenue
  • NI 51-101 and COGEH compliant independent evaluation

Negative factors

  • Significant increase in promissory note principal amount
  • Extension of promissory note maturity date
  • Share dilution from shares-for-debt settlements

Facts used in scoring: 78

Classification and evidence

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The reserves were independently evaluated by Sproule ERCE in accordance with COGEH standards and NI 51-101, indicating a qualified person sign-off.

Evidence · text

“independently evaluated reserves prepared by Sproule ERCE in accordance with the Canadian Oil & Gas Evaluation Handbook (COGEH) standards.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The evaluation adheres to NI 51-101, a high reporting standard for mineral projects.

Evidence · text

“adheres in all material aspects to the business practices, evaluation procedures, and reserve definitions contained within NI 51-101 and the COGEH.”

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: Gross 1P reserves increased by 28% and Gross 2P reserves increased by 31%, indicating significant tonnage growth.

Evidence · text

“Gross 1P reserves amount increased by 28% from 4,792 to 6,154 Mboe (94% liquids). Gross 2P reserves amount increased by 31% from 6,793 to 8,884 Mboe (94% liquids).”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: 10 wells previously classified as No Reserves Assigned (NRA) were recategorized as Proved Developed Producing (PDP), and other candidates as Proved Developed Non-Producing (PDNP).

Evidence · text

“10 wells that were previously classified as No Reserves Assigned (NRA) have been returned to production and recategorized as Proved Developed Producing (PDP), and other reactivation candidates adjacent to 2025's reactivated wells have now been categorized as Proved Developed Non-Producing (PDNP)”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document reports the 2025 year-end reserves, which is an update to existing estimates.

Evidence · text

“Prospera Energy Reports 2025 Year-End Audited Financials and Reserves”

Deleterious Elements Presentnegative · Story-specific tag

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: The document mentions 'risks of political and economic uncertainties could affect future results and could cause results to differ materially from those expressed in this evaluation', which is a general risk disclosure.

Evidence · text

“Risks of political and economic uncertainties could affect future results and could cause results to differ materially from those expressed in this evaluation.”

Extracted facts

Stored fact records: 78. Some facts used in scoring do not have a stored record.

Resource Estimates (78)

Fact 1oilTonnes: 30968Contained Metal: 228Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:c9c93fb94df090914a77
Resource basis
gross

Resource Data

Tonnes
30968
Contained Metal
228
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Producing oil reserves of 228 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“228”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 2oilTonnes: 28016Contained Metal: 206Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:d4bfdb42aa430ee0ae97
Resource basis
attributable

Resource Data

Tonnes
28016
Contained Metal
206
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Producing oil reserves of 206 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“206”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 3oilTonnes: 173672Contained Metal: 1277Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:322deaf80b83b96f5a88
Resource basis
gross

Resource Data

Tonnes
173672
Contained Metal
1277
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Producing heavy oil reserves of 1,277 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“1,277”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 4oilTonnes: 161704Contained Metal: 1189Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:89efea381d788262feb2
Resource basis
attributable

Resource Data

Tonnes
161704
Contained Metal
1189
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Producing heavy oil reserves of 1,189 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“1,189”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 5gasTonnes: 9962.299Contained Metal: 491Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:53a0ac809432f694d3b2
Resource basis
gross

Resource Data

Tonnes
9962.299
Contained Metal
491
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Producing solution gas reserves of 491 MMcf contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“491”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 6gasTonnes: 9019.998Contained Metal: 444Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:51caa5f0e570aa42ea67
Resource basis
attributable

Resource Data

Tonnes
9019.998
Contained Metal
444
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Producing solution gas reserves of 444 MMcf contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“444”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 7gasTonnes: 7081.76Contained Metal: 349Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:e05c3496179a9c1dfdf0
Resource basis
gross

Resource Data

Tonnes
7081.76
Contained Metal
349
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Producing sales gas reserves of 349 MMcf contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“349”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 8gasTonnes: 6736.293Contained Metal: 332Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:10055912b4cfbc47feb5
Resource basis
attributable

Resource Data

Tonnes
6736.293
Contained Metal
332
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Producing sales gas reserves of 332 MMcf contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“332”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 9oilTonnes: 1360Contained Metal: 10Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:e221e3ae5bac714f6c37
Resource basis
gross

Resource Data

Tonnes
1360
Contained Metal
10
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Producing liquids reserves of 10 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“10”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 10oilTonnes: 1224Contained Metal: 9Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:710df7c360339e3fa0c8
Resource basis
attributable

Resource Data

Tonnes
1224
Contained Metal
9
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Producing liquids reserves of 9 Mbbl contribute to the company's strong reserve growth and immediate production capacity.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Part of overall significant reserve growth

Evidence · table

“9”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 11oilTonnes: 37008Contained Metal: 272Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:249461919b78736cd05b
Resource basis
gross

Resource Data

Tonnes
37008
Contained Metal
272
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing oil reserves of 272 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“272”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 12oilTonnes: 31008Contained Metal: 228Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:1a95d60ba141c07d84f4
Resource basis
attributable

Resource Data

Tonnes
31008
Contained Metal
228
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing oil reserves of 228 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“228”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 13oilTonnes: 111792Contained Metal: 822Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:2fc68e27a945ace1ec0a
Resource basis
gross

Resource Data

Tonnes
111792
Contained Metal
822
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing heavy oil reserves of 822 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“822”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 14oilTonnes: 106968Contained Metal: 787Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:6b6b8cc776410606f804
Resource basis
attributable

Resource Data

Tonnes
106968
Contained Metal
787
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing heavy oil reserves of 787 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“787”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 15gasTonnes: 12660.998Contained Metal: 624Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:8241a218c4867637ebf4
Resource basis
gross

Resource Data

Tonnes
12660.998
Contained Metal
624
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing solution gas reserves of 624 MMcf represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“624”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 16gasTonnes: 11393.32Contained Metal: 561Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:66ffe0686634def7f375
Resource basis
attributable

Resource Data

Tonnes
11393.32
Contained Metal
561
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing solution gas reserves of 561 MMcf represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“561”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 17gasView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
gross

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: No sales gas reserves reported for this category.

Evidence · table

“-”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 18gasView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: No sales gas reserves reported for this category.

Evidence · table

“-”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 19oilTonnes: 816Contained Metal: 6Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:08ba653d1fff270c5f8b
Resource basis
gross

Resource Data

Tonnes
816
Contained Metal
6
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Developed Non-Producing liquids reserves of 6 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“6”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 20oilTonnes: 680Contained Metal: 5Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:13b84c6fe47050952844
Resource basis
attributable

Resource Data

Tonnes
680
Contained Metal
5
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Developed Non-Producing liquids reserves of 5 Mbbl represent future production potential with high confidence.

Positive factors

  • Proved Developed Non-Producing category indicates high confidence for future production
  • Part of overall significant reserve growth

Evidence · table

“5”

Context: Proved Developed Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 21oilTonnes: 21760Contained Metal: 160Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:7112913d6050e75e7d88
Resource basis
gross

Resource Data

Tonnes
21760
Contained Metal
160
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Undeveloped oil reserves of 160 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“160”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 22oilTonnes: 19448Contained Metal: 143Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:bd4f9f1919171d3d18c1
Resource basis
attributable

Resource Data

Tonnes
19448
Contained Metal
143
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Undeveloped oil reserves of 143 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“143”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 23oilTonnes: 409904Contained Metal: 3014Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:cc9aa09107e61d8f80d7
Resource basis
gross

Resource Data

Tonnes
409904
Contained Metal
3014
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Undeveloped heavy oil reserves of 3,014 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“3,014”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 24oilTonnes: 391836Contained Metal: 2881Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:ba8e2ba5d1e083a5cd4c
Resource basis
attributable

Resource Data

Tonnes
391836
Contained Metal
2881
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Undeveloped heavy oil reserves of 2,881 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“2,881”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 25gasTonnes: 13716.79Contained Metal: 676Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:94bf5345423421b0ec98
Resource basis
gross

Resource Data

Tonnes
13716.79
Contained Metal
676
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Undeveloped solution gas reserves of 676 MMcf represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“676”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 26gasTonnes: 12986.304Contained Metal: 640Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:5744dc63c24ad7380e86
Resource basis
attributable

Resource Data

Tonnes
12986.304
Contained Metal
640
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Undeveloped solution gas reserves of 640 MMcf represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“640”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 27gasView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
gross

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: No sales gas reserves reported for this category.

Evidence · table

“-”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 28gasView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: No sales gas reserves reported for this category.

Evidence · table

“-”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 29oilTonnes: 1088Contained Metal: 8Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:77d4cd1f3f584056345e
Resource basis
gross

Resource Data

Tonnes
1088
Contained Metal
8
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Proved Undeveloped liquids reserves of 8 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“8”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 30oilTonnes: 952Contained Metal: 7Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:5ee9f9ec580617c5e2ac
Resource basis
attributable

Resource Data

Tonnes
952
Contained Metal
7
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Proved Undeveloped liquids reserves of 7 Mbbl represent significant future production potential.

Positive factors

  • Proved Undeveloped category indicates future production potential
  • Part of overall significant reserve growth

Evidence · table

“7”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 31oilTonnes: 89760Contained Metal: 660Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:e774fe7356b32e297b5f
Resource basis
gross

Resource Data

Tonnes
89760
Contained Metal
660
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved oil reserves of 660 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“660”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 32oilTonnes: 78472Contained Metal: 577Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:2d5d40549b189505790c
Resource basis
attributable

Resource Data

Tonnes
78472
Contained Metal
577
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved oil reserves of 577 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“577”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 33oilTonnes: 695368Contained Metal: 5113Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:76b96de0e5489022df64
Resource basis
gross

Resource Data

Tonnes
695368
Contained Metal
5113
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved heavy oil reserves of 5,113 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“5,113”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 34oilTonnes: 660552Contained Metal: 4857Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:be2b3c2857b538f62352
Resource basis
attributable

Resource Data

Tonnes
660552
Contained Metal
4857
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved heavy oil reserves of 4,857 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“4,857”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 35gasTonnes: 36342.96Contained Metal: 1791Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:34c99be8a5f1bf30625f
Resource basis
gross

Resource Data

Tonnes
36342.96
Contained Metal
1791
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved solution gas reserves of 1,791 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“1,791”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 36gasTonnes: 33400.995Contained Metal: 1645Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:903b9ff4c0d56a6c3c7e
Resource basis
attributable

Resource Data

Tonnes
33400.995
Contained Metal
1645
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved solution gas reserves of 1,645 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“1,645”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 37gasTonnes: 7081.76Contained Metal: 349Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:e05c3496179a9c1dfdf0
Resource basis
gross

Resource Data

Tonnes
7081.76
Contained Metal
349
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved sales gas reserves of 349 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“349”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 38gasTonnes: 6736.293Contained Metal: 332Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:10055912b4cfbc47feb5
Resource basis
attributable

Resource Data

Tonnes
6736.293
Contained Metal
332
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved sales gas reserves of 332 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“332”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 39oilTonnes: 3264Contained Metal: 24Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:5e9b4725e38fed8b107a
Resource basis
gross

Resource Data

Tonnes
3264
Contained Metal
24
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved liquids reserves of 24 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“24”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 40oilTonnes: 2856Contained Metal: 21Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:99844d4833cd8e08430f
Resource basis
attributable

Resource Data

Tonnes
2856
Contained Metal
21
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved liquids reserves of 21 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved reserves
  • High confidence category

Evidence · table

“21”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 41oilTonnes: 41208Contained Metal: 303Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:377a858580ddc88c0660
Resource basis
gross

Resource Data

Tonnes
41208
Contained Metal
303
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Probable oil reserves of 303 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“303”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 42oilTonnes: 35360Contained Metal: 260Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:c3ae2e95a07fdd4a5a38
Resource basis
attributable

Resource Data

Tonnes
35360
Contained Metal
260
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Probable oil reserves of 260 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“260”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 43oilTonnes: 307360Contained Metal: 2260Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:db47e4c7248379f99702
Resource basis
gross

Resource Data

Tonnes
307360
Contained Metal
2260
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Probable heavy oil reserves of 2,260 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“2,260”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 44oilTonnes: 277440Contained Metal: 2040Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:63c3deb77b84dc00cfae
Resource basis
attributable

Resource Data

Tonnes
277440
Contained Metal
2040
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Probable heavy oil reserves of 2,040 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“2,040”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 45gasTonnes: 17074.99Contained Metal: 841Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:ae8ac86ceeaaf4984798
Resource basis
gross

Resource Data

Tonnes
17074.99
Contained Metal
841
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Probable solution gas reserves of 841 MMcf contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“841”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 46gasTonnes: 15909.99Contained Metal: 783Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:fbd660550c6c8a9a8d35
Resource basis
attributable

Resource Data

Tonnes
15909.99
Contained Metal
783
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Probable solution gas reserves of 783 MMcf contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“783”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 47gasTonnes: 1805.928Contained Metal: 89Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:0b5004660b337ba0de67
Resource basis
gross

Resource Data

Tonnes
1805.928
Contained Metal
89
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Probable sales gas reserves of 89 MMcf contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“89”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 48gasTonnes: 1704.452Contained Metal: 84Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:160d67f3ca47e930d3fb
Resource basis
attributable

Resource Data

Tonnes
1704.452
Contained Metal
84
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Probable sales gas reserves of 84 MMcf contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“84”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 49oilTonnes: 1496Contained Metal: 11Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:6217f5ed5d327e36641f
Resource basis
gross

Resource Data

Tonnes
1496
Contained Metal
11
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Probable liquids reserves of 11 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“11”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 50oilTonnes: 1360Contained Metal: 10Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:e221e3ae5bac714f6c37
Resource basis
attributable

Resource Data

Tonnes
1360
Contained Metal
10
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Probable liquids reserves of 10 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Probable reserves add to the overall resource base
  • Part of overall significant reserve growth

Evidence · table

“10”

Context: Total Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 51oilTonnes: 130968Contained Metal: 963Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:f7911cb011e669f136d3
Resource basis
gross

Resource Data

Tonnes
130968
Contained Metal
963
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved + Probable oil reserves of 963 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“963”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 52oilTonnes: 113832Contained Metal: 837Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:c33018a80cb2339c4e11
Resource basis
attributable

Resource Data

Tonnes
113832
Contained Metal
837
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved + Probable oil reserves of 837 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“837”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 53oilTonnes: 1002728Contained Metal: 7373Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:ba47f95799f1948f283c
Resource basis
gross

Resource Data

Tonnes
1002728
Contained Metal
7373
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved + Probable heavy oil reserves of 7,373 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“7,373”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 54oilTonnes: 938048Contained Metal: 6897Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:3131c2fbdf97467b564b
Resource basis
attributable

Resource Data

Tonnes
938048
Contained Metal
6897
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved + Probable heavy oil reserves of 6,897 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“6,897”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 55gasTonnes: 53390.95Contained Metal: 2632Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:fa1fc538f20d5c589827
Resource basis
gross

Resource Data

Tonnes
53390.95
Contained Metal
2632
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved + Probable solution gas reserves of 2,632 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“2,632”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 56gasTonnes: 49379.99Contained Metal: 2428Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:2763cf56b632aa85501c
Resource basis
attributable

Resource Data

Tonnes
49379.99
Contained Metal
2428
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved + Probable solution gas reserves of 2,428 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“2,428”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 57gasTonnes: 8898.99Contained Metal: 438Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:f3a9c2aae0e2c3426bae
Resource basis
gross

Resource Data

Tonnes
8898.99
Contained Metal
438
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved + Probable sales gas reserves of 438 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“438”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 58gasTonnes: 8448.996Contained Metal: 416Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:37e34c612cb3a43e04ac
Resource basis
attributable

Resource Data

Tonnes
8448.996
Contained Metal
416
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved + Probable sales gas reserves of 416 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“416”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 59oilTonnes: 4760Contained Metal: 35Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:157587e9e452c9cbb75c
Resource basis
gross

Resource Data

Tonnes
4760
Contained Metal
35
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Gross Total Proved + Probable liquids reserves of 35 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“35”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 60oilTonnes: 4216Contained Metal: 31Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:2daa18e458a324e2baca
Resource basis
attributable

Resource Data

Tonnes
4216
Contained Metal
31
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Net Total Proved + Probable liquids reserves of 31 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • High confidence category

Evidence · table

“31”

Context: Total Proved + Probable

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 61oilTonnes: 207264Contained Metal: 1524Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:889974abdf5e94c85ff0
Resource basis
gross

Resource Data

Tonnes
207264
Contained Metal
1524
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Proved Developed Producing oil reserves of 1,524 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“1,524”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 62oilTonnes: 204680Contained Metal: 1505Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:10b1c7bf6e0226abad90
Resource basis
attributable

Resource Data

Tonnes
204680
Contained Metal
1505
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Proved Developed Producing oil reserves of 1,505 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Working Interest represents the company's share before royalties

Evidence · table

“1,505”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 63oilTonnes: 189720Contained Metal: 1395Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:49a348c45a98b3b3c477
Resource basis
attributable

Resource Data

Tonnes
189720
Contained Metal
1395
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Proved Developed Producing oil reserves of 1,395 Mbbl contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Net represents the company's share after royalties

Evidence · table

“1,395”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 64oilTonnes: 1137640Contained Metal: 8365Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:fb618f9f46ceda1c66d5
Resource basis
gross

Resource Data

Tonnes
1137640
Contained Metal
8365
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Total Proved + Probable oil reserves of 8,365 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“8,365”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 65oilTonnes: 1133832Contained Metal: 8337Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:c535cd2020e279d0af7d
Resource basis
attributable

Resource Data

Tonnes
1133832
Contained Metal
8337
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Total Proved + Probable oil reserves of 8,337 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Working Interest represents the company's share before royalties

Evidence · table

“8,337”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 66oilTonnes: 1051824Contained Metal: 7734Contained Unit: mbblView all details
Link to this fact

Identity

Commodity
oil
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:749070b2a871d9794b5c
Resource basis
attributable

Resource Data

Tonnes
1051824
Contained Metal
7734
Contained Unit
mbbl

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Total Proved + Probable oil reserves of 7,734 Mbbl represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Net represents the company's share after royalties

Evidence · table

“7,734”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 67gasTonnes: 17480.99Contained Metal: 859Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:ebc283f03f44572c5105
Resource basis
gross

Resource Data

Tonnes
17480.99
Contained Metal
859
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Proved Developed Producing gas reserves of 859 MMcf contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“859”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 68gasTonnes: 17099.99Contained Metal: 840Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:161668999b91279a62c7
Resource basis
attributable

Resource Data

Tonnes
17099.99
Contained Metal
840
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Proved Developed Producing gas reserves of 840 MMcf contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Working Interest represents the company's share before royalties

Evidence · table

“840”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 69gasTonnes: 15744.99Contained Metal: 776Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:ea93a6785418aa3155d2
Resource basis
attributable

Resource Data

Tonnes
15744.99
Contained Metal
776
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Proved Developed Producing gas reserves of 776 MMcf contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Net represents the company's share after royalties

Evidence · table

“776”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 70gasTonnes: 62902.11Contained Metal: 3100Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:15e850f23ae9b1e63770
Resource basis
gross

Resource Data

Tonnes
62902.11
Contained Metal
3100
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Total Proved + Probable gas reserves of 3,100 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“3,100”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 71gasTonnes: 62298.997Contained Metal: 3070Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:6a0070314e08455b07af
Resource basis
attributable

Resource Data

Tonnes
62298.997
Contained Metal
3070
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Total Proved + Probable gas reserves of 3,070 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Working Interest represents the company's share before royalties

Evidence · table

“3,070”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 72gasTonnes: 57719.99Contained Metal: 2844Contained Unit: mmcfView all details
Link to this fact

Identity

Commodity
gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource group id
resource:8281787c04c0e3d71ff1
Resource basis
attributable

Resource Data

Tonnes
57719.99
Contained Metal
2844
Contained Unit
mmcf

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Total Proved + Probable gas reserves of 2,844 MMcf represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Net represents the company's share after royalties

Evidence · table

“2,844”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 73oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
gross

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
1678
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Proved Developed Producing MBOE reserves of 1,678 MBOE contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“1,678”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 74oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
1655
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Proved Developed Producing MBOE reserves of 1,655 MBOE contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Working Interest represents the company's share before royalties

Evidence · table

“1,655”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 75oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
1534
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Proved Developed Producing MBOE reserves of 1,534 MBOE contribute to the company's overall reserve base.

Positive factors

  • Proved Developed Producing category indicates high confidence and immediate production potential
  • Company Net represents the company's share after royalties

Evidence · table

“1,534”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 76oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
gross

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
8917
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Property Gross Total Proved + Probable MBOE reserves of 8,917 MBOE represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Property Gross represents total reserves before working interest and royalties

Evidence · table

“8,917”

Context: Property Gross

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 77oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
8884
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Working Interest Total Proved + Probable MBOE reserves of 8,884 MBOE represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Working Interest represents the company's share before royalties

Evidence · table

“8,884”

Context: Company Working Interest

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 78oil_and_gasView all details
Link to this fact

Identity

Commodity
oil_and_gas
Ticker
PEI.V

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Sproule ERCE
Resource basis
attributable

Prior Estimate

Resource Date
2025-12-31

Metal Equivalent

Metal Eq. Grade
8239
Metal Eq. Unit
MBOE
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-05-01T00:00:00.000Z

Reasoning: Company Net Total Proved + Probable MBOE reserves of 8,239 MBOE represent a significant and high-confidence portion of the company's overall reserves.

Positive factors

  • Significant growth in total proved plus probable reserves
  • Company Net represents the company's share after royalties

Evidence · table

“8,239”

Context: Company Net

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.