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Lycos Energy Inc
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November 2025 Corporate Presentation
| David Burton | Page 4 of 11 |
October 16, 2026
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"November 2025 Corporate Presentation"
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Current Assets ? Corporate Acreage (All Alberta): 61,639 Net Acres; 96 Sections. 48,980 Gross Undeveloped Acres and 14,783 Gross Developed Acres; ? Production ~ 1,700 boepd (98% oil); ? Largest area (Wildmere) under active waterflood; ? Second largest area (Swimming) to commence waterflood in Q1 2026; ? Exploratory upside in both Mannville Open Hold Mult - Lateral wells “OMHL” and deeper tighter/lighter OHML and conventional frac plays Reserves Summary 1) Reserves volumes presented have been derived from the report prepared by Sproule International Limited as at December 31 , 2024 (the “Reserve Report”), as adjusted to exclude the Frog Lake, SK Lloydminster, Duvernay and Bonnyville properties disposed of in 2025. 2) Pricing Assumptions : (US$12) WCS differential; and0.725 CAD/USD $60 WTI (1)(2) $65 WTI (1)(2) $70 WTI (1)(2) Res. Cat. Reserves (mboe) BTNPV10 ($M) Reserves (mboe) BTNPV10 ($M) Reserves (mboe) BTNPV10 ($M) PDP 2,045.0 30.4 2,163.3 40.0 2,260.5 49.9 TP 4,472.0 69.9 4,637.4 90.1 4,774.5 110.8 TPP 6,935.6 117.5 7,140.4 146.4 7,311.3 175.7