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The information required by Item 201 of Regulation S-K is contained in ‘‘ Item 1.
−Removed: On January 1, 2024, the Board of Directors made grants to our directors entitling them to an aggregate of 63,980 common shares which shall not be issued to the award recipients unless certain time based vesting criteria are met, in which case the vesting will occur in three equal parts on the succeeding periods ending on December 31.
−Removed: The awards were made under the 2020 Equity Incentive plan in accordance with Rule 701 promulgated under the Securities Act.
−Removed: On March 19, 2024, the Board authorized a new share repurchase program of up to 2,191,320 common shares, representing 10% of the outstanding common shares of the Company at such time, for an aggregate purchase price of not more than US $12.0 million.
−Removed: The program was pursuant to a normal course issuer bid and was conducted in accordance with Rule 10b-18 under the Exchange Act.
−Removed: The program commenced on March 27, 2024 and was set to expire March 26, 2025, unless the maximum amount of common shares is purchased before then or the Board approves earlier termination.
−Removed: On February 12, 2025, the Board terminated and revoked authority under this share repurchase program.
On February 18, 2026, the Board authorized a new share repurchase program of up to 3,014,986 common shares, representing 10% of the outstanding common shares of the Company at such time, for an aggregate purchase price of not more than US $15.0 million.
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The program commenced on February 19, 2026 and is set to expire February 18, 2027, unless the maximum amount of common shares is purchased before then or the Board approves earlier termination.
+Added: On February 12, 2025, the Board authorized a new share repurchase program of up to 2,200,876 common shares, representing 10% of the outstanding common shares of the Company at such time, for an aggregate purchase price of not more than US $13.0 million.
+Added: The program was pursuant to a normal course issuer bid and conducted in accordance with Rule 10b-18 under the Exchange Act.
+Added: The program commenced on February 12, 2025 and expired on February 11, 2026.
+Added: No shares were repurchased under this program.
+Added: On November 14, 2025, after receiving shareholder approval following a special meeting, the Company closed on the acquisition of Peak Exploration and Production LLC and Peak BLM Lease LLC and their subsidiaries (together, “Peak”).
+Added: As consideration, 7,916,336 common shares were issued to the shareholders of Peak after the satisfaction of the conditions of the contingent share consideration and all closing purchase price adjustments.
On December 31, 2025, our Board made grants to our management, employees, and directors entitling them to receive an aggregate of 488,283 common shares which shall not be issued to the award recipients unless certain time based vesting criteria are met, in which case the vesting will occur in three equal parts on the succeeding periods ending on December 31.
+Added: Additionally, 47,417 common shares were issued as dividend equivalent rights.
The awards were made under the 2020 Equity Incentive plan in accordance with Rule 701 promulgated under the Securities Act.
−Removed: The Company funds the purchases out of available cash and does not incur debt to fund the share repurchase program.
+Added: The Company funds the purchases of its shares out of available cash and does not incur debt to fund the share repurchase program.
The shares are accounted for as treasury shares until such a time as they are retired.
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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.