Portfolio

Location: Texas
Ticker: CSE: GTOO
Partnered Asset: Masten Unit Energy Project

Asset:

• Permian Basin Oil and Gas target
• Part of the billion-barrel Levelland Field, Cochran County, Texas
• Anticipated low-operating expense of $15.49/boe all-in (including production tax)

Warrants: 6,500,000

Debenture: USD $2 million @ 2% for 20 months

Royalty: 3.25% ORI | 2 mile AOI with 1% ORI

Notes: In addition to the 3.25% ORI, the agreement includes an area of interest providing Cloudbreak with a 1% ORI on any project acquired within a two-mile radius of the Masten Unit lease boundary and area of influence giving Cloudbreak the right of first refusal to finance additional acquisitions within five miles of the project boundary and apply its existing 3.25% ORI to that project.

https://www.g2.energy

Location: Southwest Texas
Ticker: Private
Partnered Asset: Butte Project

Asset:

• All contiguous land along the eastern flank of the Midland Basin -897 acres, Irion County, Texas
• Phase 1 development (fully-funded)–170boe/d Rework 3 existing wells, 2 production wells + 1 water injection well.  Enhance production wells with High Volume Lift.

Warrants: 6,000,000

Debenture: Convertible into royalty

Royalty: 6% Gross overriding after conversion of debenture

Notes: First Production: Q3/23 Peak Annual Royalty Cashflow: £0.82m . The agreement includes an area of interest 2 mile/5 mile 

Location: Global
Ticker: Private
Asset:

• Diversified portfolio of global mineral exploration and development projects

Ownership: Wholly owned subsidiary of Cloudbreak Discovery Plc