−Removed: Effective December 1, 2023, the Company relocated its offices to 12 Greenway Plaza, Suite 1100, Houston, Texas 77046.
−Removed: Through Simson-Maxwell, the Company has 7 locations in Western Canada, consisting of (i) Port Coquitlam, British Columbia;
+Added: The Company’s head office is located at 12 Greenway Plaza, Suite 1100, Houston, Texas 77046.
+Added: Through Simson-Maxwell, the Company has eight (8) locations in Canada, consisting of (i) Port Coquitlam, British Columbia;
(ii) Edmonton, Alberta;
4 unchanged sentences
John, British Columbia;
−Removed: and (vii) Terrace, British Columbia.
+Added: (vii) Terrace, British Columbia and:
+Added: (viii) Brampton, Ontario.
Oil and Natural Gas Properties
Oil and Natural Gas Reserves at December 31, 2024 and 2023
−Removed: As of December 31, 2023, all of our proved oil and natural gas reserves were located in the United States, in the State of Texas.
+Added: At December 31, 2024, the Company had no oil and natural gas reserves.
+Added: All of our proved oil and natural gas reserves at December 31, 2023 were located in the United States, in the State of Texas.
The following tables set forth summary information with respect to our proved reserves as of December 31, 2024 and 2023.
31 unchanged sentences
Drilling and Other Exploratory and Development Activities
−Removed: During the year ended December 31, 2023 the Company did not drill any new wells.
−Removed: The Company focused primarily on preserving and maintaining existing assets and selling certain assets to pay down debt.
−Removed: Maintenance included, among other things, replacing tubing and pumps, replacing heater treaters, changing compressors, repressurizing wells, repairing water line leaks, replacing chokes and other items.
+Added: During the years ended December 31, 2024 and 2023, the Company did not undertake any drilling, exploratory or development activities.
Present Activities
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.