G2 Energy Corp. announced, that due to the low temperatures in January, it caused the wells to be shut down for 3 days with no production occurring to prevent any damage. Despite that, oil and gas production continues to stay at a stable baseline at Masten Unit, acquired by the Company's subsidiary G2 Energy TX1 Inc. on June 1, 2023, located in the Permian Basin in Levelland Texas.

As mentioned in the News Release dated January 24, 2024, the next planned workovers are 4 pump replacements on producing wells. The expected increase in production is estimated to be between 7 and 15 BOPD which represents an additional 10-20% increase in production. The workovers will be carried out when weather conditions permit.