4 unchanged sentences
Interest on borrowings under the RBL Facility is based on the SOFR rate or alternative base rate plus an applicable margin.
−Removed: At March 31, 2025, the Company had no borrowings outstanding under the RBL Facility.
+Added: At June 30, 2025, the Company had no borrowings outstanding under the RBL Facility.
Commodity Price Risk
3 unchanged sentences
The prices the Company receives for production depend on factors outside of its control, including physical markets, supply and demand, financial markets, and national and international policies.
−Removed: A $1.00 per barrel increase (decrease) in the weighted average oil price for the three months ended March 31, 2025 would have increased (decreased) the Company’s revenues by approximately $14.1 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the three months ended March 31, 2025 would have increased (decreased) the Company’s revenues by approximately $6.6 million on an annualized basis.
+Added: A $1.00 per barrel increase (decrease) in the weighted average oil price for the six months ended June 30, 2025 would have increased (decreased) the Company’s revenues by approximately $14.3 million on an annualized basis and a $0.10 per Mcf increase (decrease) in the weighted average natural gas price for the six months ended June 30, 2025 would have increased (decreased) the Company’s revenues by approximately $6.7 million on an annualized basis.
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.