Lycos Energy Inc. provided production guidance for the fourth quarter of 2024, full year 2024 and fourth quarter of 2023. For the quarter, Average production is 5,500 boe/d (99% oil).

For the year 2024, Forecasted annual average production of 4,700 boe/d (99% oil), delivering year-over-year growth in production per weighted average share of 25.3% and growth in adjusted funds flow from operations per weighted average share of 54.9%, while spending within the Company's cash flow.

For the quarter 2023, Lycos successfully completed its 2023 capital drilling program, concluding the year with estimated Fourth Quarter 2023 average production of approximately 4,200 boe/d. As a result of the favorable drilling results, Lycos accelerated certain capital expenditures associated with its 2024 drilling program.