| SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT |
SCHEDULE
OF PROPERTY, PLANT AND EQUIPMENT
| | |
Development
and Production Assets | | |
Processing
and Other Equipment | | |
Total | |
| Cost or deemed cost | |
| | | |
| | | |
| | |
| Balance at January 1, 2024 | |
$ | 287,839 | | |
$ | 1,438 | | |
$ | 289,277 | |
| Additions (a) | |
| 31,516 | | |
| 9 | | |
| 31,525 | |
| Balance at December 31, 2024 | |
$ | 319,355 | | |
$ | 1,447 | | |
$ | 320,802 | |
| Additions (b) | |
| 63,000 | | |
| 22 | | |
| 63,022 | |
| Depletion and depreciation | |
| 15,789 | | |
| 23 | | |
| 15,812 | |
| Balance at December 31, 2025 | |
$ | 382,355 | | |
$ | 1,469 | | |
$ | 383,824 | |
| | |
| | | |
| | | |
| | |
| Accumulated depletion and
depreciation | |
| | | |
| | | |
| | |
| Balance at January 1, 2024 | |
$ | 71,747 | | |
$ | 1,369 | | |
$ | 73,116 | |
| Depletion and depreciation | |
| 14,701 | | |
| 23 | | |
| 14,724 | |
| Balance at December 31, 2024 | |
$ | 86,448 | | |
$ | 1,392 | | |
$ | 87,840 | |
| Depletion and depreciation | |
| 15,789 | | |
| 23 | | |
| 15,812 | |
| Balance at December 31, 2025 | |
$ | 102,237 | | |
$ | 1,415 | | |
$ | 103,652 | |
| | |
| | | |
| | | |
| | |
| Net book value | |
| | | |
| | | |
| | |
| At December 31, 2024 | |
$ | 232,907 | | |
$ | 55 | | |
$ | 232,962 | |
| At December 31, 2025 | |
$ | 280,118 | | |
$ | 54 | | |
$ | 280,172 | |
| (a) | Includes
non-cash additions of $162 from capitalized stock-based compensation and $112 from assets
related to ARO liabilities. |
| (b) | Includes
non-cash additions of $226 from capitalized stock-based compensation and $198 from assets
related to ARO liabilities. |
|