9 Oct 2024

FIELD TRIP - LARTO LAKE FIELD - VIDEOS & PICTURES - MANAGEMENT REPORT

EnerGyne Resources

RECAP FROM THE TRIP AND PLANS FOR THE FUTURE

From Management:

We've just returned from an exciting trip to the Larto Lake field, and we've collected a lot of valuable data. We're confident that our collaboration with Larry P and the investors will lead to great things if we continue in the same direction.

As everyone is probably eager to hear, our first three wells are progressing well.

Missiana #15 is producing and selling oil, bringing in profits for everyone as dividends. The next well, #13, is up next. We had to perform some work on SWD well #5 at the request of the authorities to make it active, and this will be completed this week. Then the rig will move to #13, which is nearby. Finally, we have the DC#1 well, closer to our tanks, with no water issues. If all goes as planned, all three wells should be online within approximately 30-45 days, aiming for a total production of around 30 barrels daily.

The Larto Lake #2 project, for which we are currently raising capital, has had a promising start. We've welcomed new investors and are in discussions with major capital/oil companies interested in the area. If they choose to participate, they may acquire between 10-20% each, selling out the project.

If you're considering opportunities for creating passive income and achieving good tax write-offs, don't hesitate to reach out to discuss your options with us.

We hope you'll watch the videos we've made to gain insight into our daily work, understanding that navigating between authorities, suppliers, and working with Mother nature can sometimes lead to longer timelines. :)

Thank you to everyone who supports our projects and the plans we have made.

PS. To all of you in Larto & Forster#1 - The next dividend payment will come here at the beginning of October, we aim for before the 10th.

The management teamEnerGyne Resources