Birchcliff Energy - Corporate Portfolio

Birchcliff Energy Ltd. is an intermediate Canadian oil and natural gas company headquartered in Calgary, Alberta, listed on the Toronto Stock Exchange (symbol 'BIR'). The Corporation is engaged in the exploration, development and production of natural gas, light oil, condensate and other natural gas liquids, with operations focused exclusively on the Montney Resource Play in Alberta. The portfolio comprises three core operating / development areas (Pouce Coupe, Gordondale, Elmworth - collectively 'Greater Pouce' for the first two) plus owned and operated processing infrastructure (Pouce Coupe Gas Plant + proposed Goodfare Gas Plant). 2025 was the Corporation's 20-year anniversary, with record annual average production of 80,086 boe/d (82% natural gas, 18% liquids). 2025 highlights: F&D capex $305.9 million, adjusted funds flow $422.8 million, free funds flow $116.9 million, net income $64.9 million, total debt reduced 14% to $459.9 million, total debt to AFF ratio 1.1x. 31.4-year 2P reserves life index. Total 2P reserves 946.0 MMboe (Dec 31, 2025) with $4.65B FDC. 2026-2030 five-year outlook targets ~105,000 boe/d annual average production by year-end 2030. Birchcliff is a partner in Rockies LNG Partners (Ksi Lisims LNG, 12 Mtpa).