First sales by Hayabusa-2

Hayabusa-2 USA LLC acquired 100% Working Interest in 7 legacy oil wells (including 1 injector) in Howard Glasscock field, Howard county, Texas in Apr-1, 2020. After restraining production under the low price environment, the first sale of 175bbls was made in Aug-24.  The asset is currently under restrained production and maintenace waiting for the price recovery.

Hayabusa Energy group considers current low price environment an opportunity to acquire a new asset and continue to seek PDP asset with low operation cost.

• Lease: Stewart G.C.,  Stewart G.C.-A,  Stewart G.C.-B
• Area: Howard Glasscock (Consolidated) field、Howard county, TX
• Formation: San Andres (2400-2500M)
• Expected Production: 6bopd
• Working Interest: Hayabusa-2 USA LLC…100%
• Operator: Hayabusa Energy USA LLC