Nexera Acquires Additional Assets in South Texas

Rhea-AI Summary

Nexera Energy (OTC: EMBYF) announced a settlement and acquisition of oil-producing properties in South Texas on January 6, 2026. In satisfaction of outstanding amounts totaling in excess of US$600,000, the company accepted ownership of assets previously held by Hagco Energy LLC and Hugocellr, LTD.

Nexera's subsidiary Production Resources Inc. previously operated the wells, which were producing in excess of 20 barrels of oil per day. Nexera said it is assessing options to optimize production or otherwise leverage the assets to strengthen the balance sheet and expects a strategic decision early in 2026.

Positive

• Settlement value exceeds US$600,000
• Acquired producing assets in South Texas
• Wells were producing over 20 barrels/day
• PRI has prior operating experience on these assets
• Strategic decision on asset direction expected early 2026

Negative

• Outstanding amounts were satisfied with assets, not cash
• Current production is modest at ~20+ barrels/day

Nexera Energy Inc. Announces Settlement of Dispute and Acquisition of Producing Properties in South Texas

Calgary, Alberta and San Antonio, Texas--(Newsfile Corp. - January 6, 2026) - Nexera Energy Inc. (TSXV: NGY) (OTC Pink: EMBYF) (the "Corporation" or "Nexera") is pleased to announce that it has successfully settled its dispute regarding unpaid operating fees and expenses owed to the Corporation by Hagco Energy LLC and Hugocellr, LTD.

In satisfaction of outstanding amounts totaling in excess of US$600,000, Nexera has accepted ownership of certain oil-producing properties in South Texas previously held by Hagco and Hugocellr. Prior to the dispute, Nexera's wholly owned subsidiary, Production Resources Inc. ("PRI"), served as operator of the assets, which were producing in excess of 20 barrels of oil per day.

Given PRI's extensive operational experience with the wells, Nexera is currently assessing options to optimize production performance or otherwise leverage these assets to further strengthen the Corporation's balance sheet. The Company anticipates making a determination regarding the strategic direction for these properties early in 2026.

For further information, please contact:

Nexera Energy Inc. President, Shelby D. Beattie, by telephone at (403) 262-6000
Email: info@nexeraenergy.com
www.nexeraenergy.com

ABOUT NEXERA ENERGY INC.

Nexera Energy Inc. (TSXV: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Company also now owns 100% of Production Resources Inc., a South Texas oil company.

Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein relating to the timing of the filing of financial statements constitutes forward-looking statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279615

FAQ

What did Nexera (EMBYF) acquire in the January 6, 2026 settlement?

Nexera accepted ownership of certain oil-producing properties in South Texas in satisfaction of outstanding amounts exceeding US$600,000.

How much were the unpaid amounts Nexera resolved in the settlement?

The outstanding amounts totaled in excess of US$600,000 and were settled via transfer of the producing properties.

What was the production level of the acquired South Texas wells reported by Nexera?

Nexera reported the wells were producing in excess of 20 barrels of oil per day prior to the dispute.

When will Nexera decide how to manage the newly acquired EMBYF assets?

The company anticipates making a strategic determination regarding the properties early in 2026.

What does the acquisition mean for Nexera's balance sheet and operations?

Nexera said it will assess options to optimize production or leverage the assets to further strengthen the corporation's balance sheet.