Lycos Energy (LCX) Corporate presentation summary

Corporate overview and financials

• Focuses on exploration, development, and production using advanced drilling and reservoir exploitation methods to maximize recovery from large petroleum-in-place assets.

• Market capitalization stands at $214.3 million with a share price of $1.65 and 128.9 million basic shares outstanding.

• Adjusted working capital (net debt) is $13.9 million as of Q1 2026, with a $75 million credit facility and $152.4 million in tax pools.

• Proved reserve volumes and values are diversified, with significant contributions from both legacy and acquired assets.

Strategic growth and business plan

• Pursues organic growth through novel development techniques and enhanced recovery programs targeting high PIIP reservoirs.

• M&A strategy focuses on consolidating underexploited assets and expanding the production base.

• Prudent capital management balances equity and cash for acquisitions, maintaining a focus on leverage ratios.

Asset base and operational highlights

• Holds a substantial Mannville heavy oil drilling inventory with over 20 years of drilling potential using multi-lateral and HVSM well designs.

• Waterflood-supported production base and ongoing optimization initiatives drive stable, long-term output.

• Recent acquisition in Greater Provost adds ~1,000 boe/d of high netback production, with significant upside from low recovery factors and waterflood expansion.