• Lycos raised exit 2026 production guidance to 4,000-4,500 boe/d from 2,500-3,000 boe/d alongside a C$70 million Sparky asset acquisition.
• Base business performance lifted standalone exit guidance to 3,000-3,500 boe/d before the deal; acquired assets add about 1,000 boe/d.
• 2026 capital budget increased to C$50-C$55 million from C$35-C$40 million to fund more drilling, optimization, and development work.
• Outlook assumes an August 6 close funded by a C$30 million bought-deal equity financing at C$1.52 per share, credit facility expanded to C$75 million.
• Acquired assets forecast 2027 production of 1,500 boe/d, 2027 net operating income of C$25 million at US$70 WTI.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lycos Energy Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607201706NEWSFILECNPR____20260720_305861_1) on July 20, 2026, and is solely responsible for the information contained therein.