Lycos Energy (LCX) Corporate presentation summary

Strategic direction and business plan

• Focus on organic growth through innovative drilling and enhanced recovery in large oil-in-place reservoirs.

• Pursues disciplined M&A to consolidate assets and expand economic inventory.

• Prudent capital management with a mix of equity and cash for transactions, maintaining strong leverage ratios.

Asset base and operational highlights

• Holds a significant Mannville heavy oil drilling inventory with over 20 years of development potential.

• Multi-zone access and pad development drive capital efficiency and lower operating costs.

• Targets up to 10 Mannville reservoirs, currently drilling in 6, with 791 net locations identified.

Production, reserves, and financials

• 2026 exit production targeted at 2,500–3,000 boe/d (98% crude oil).

• Proved reserve volumes at 5,449 mboe with a market capitalization of $237.6 million as of April 2026.

• Capital expenditures for 2026 budgeted at $35–$40 million, with a $50 million credit facility and no net debt at Q4 2025.