GULL LAKE, Saskatchewan Project

Cobra owns a 14.665% non-operated working interest in thirteen oil wells, located in Gull Lake, Saskatchewan.  During the year ended November 30, 2024, the Company recorded $1,285,991 (November 30, 2023- $1,355,613) in production revenue, which is comprised primarily (95% or greater) of oil revenues.

The Gull Lake wells produce medium gravity crude, associated gas, and water, from either the Roseray and Upper Shaunavon formations.