Subsidiary of Canadian New Stratus Energy Notifies Ecuador of Dispute

On 25 November 2022, Petrolia Ecuador S. A (Petrolia) – subsidiary of Canadian New Stratus Energy Inc (NSE) – announced that it had sent Ecuador’s Ministry of Energy and Mines (MEM) a notice of dispute and had initiated a period of direct negotiations under the Amendment Agreements to the Service Provision Contracts for the Exploration and Exploitation of Oil in blocks 16 and 67 in Eastern Ecuador.