吉星新能源中期报告2025

3395 2025 * *Persta Resources Inc.Alberta FoothillsPeace River 2 4 5 31 38 39 40 41 191001-1010 15th Floor, Bankers Court850-2nd Street SWCalgary, Alberta T2P 0R8Canada Tara Suzanne Leray(FCG, HKFCG) Suite 900, 717-7th Avenue SWCalgary, Alberta T2P 0Z3Canada (FCG, HKFCG) 33191901 ATB Financial600 444 7 Ave S.WCalgary, Alberta T2P 0X8Canada GLJ Petroleum Consultants Ltd.4100, 400-3rd Avenue SWCalgary, Alberta T2O 4H2Canada 183171712–1716 153737013708 3710 33951,000 www.jxenergy.ca Dentons Canada LLP15th Floor, Bankers Court850-2nd Street SWCalgary, Alberta T2P 0R8Canada 3395 Computershare Trust Company of CanadaSuite 600, 530-8th Avenue SWCalgary Alberta T2P 3S8Canada *JXJX EnergyMD&A2024202312 3120252024630MD&A2025813 MD&A IFRS International Accounting Standards Board,IASB(International Financial Reporting Standards,IFRSMD&A(Generally Accepted Accounting PrinciplesGAAP MD&AIFRSIFRSEBITDA 20062018BasingVoyagerKaydeePeace RiverDawson90%BasingVoyagerBasing30 2024202520252024202220262027 20257 259.6EPCEPC584 EPC20256 300.2 20253 191509%202512100.2042,028,4382024628 20247 2416012%20257 240.2062,548,866202420258162,548,86612%20257240.192 2024533,000,00020243126 20242 27190Basing CGU20244 1190 2024230,000,000202311128 (1)IFRS(2)20256301,0701020256302024630200202662025620249301,100(3)(4)EBITDAEBITDAIFRS 20256720251202442025 20252Voyager CGU240 2024120244202410 20242023 6:1boe61boe6:16:1 2025630429%86%20242025 20252024630 202563020246300.5%1.9% NGLNGL20256302024630NGL5.1%6.4% 20256302024630202414%20% 20256302024678%66% 202563020256 302024 2025630NGL2024127%30% 2025630202439%BtuAECO AECO20242024630AECOAECO 20252024630 NGLNGL2025630NGLsNGLs 202520246305%26%NGL30%40% 2025630NGLsOPEX202424%2025630OPEX Jixing Energy (Canada) Ltd.NGLsOPEX26202563023861%47759%202420364%40661%101326 2025630OPEX51%39%2025630OPEXOPEX 20256302024239 2025630202563020242024630 20256302024202522025202463020256302024 G&AG&A 20256 30 2025202463020233 202563010 2025630DD&A 20252024630E&EPP&E 2025630E&E2025630Voyager CGU 20244 1Basing CGUE&E2023202463020232024630E&E 2025630202438%E&E2025630202422%E&E2024 20256304350202436 2024630PP&EVoyager CGU202312E&E202441 3 12320256 30522,886,520800.48202563045OPEXOPEX62025630104,577,30420258162,548,866160 PSG 20184 25EDC440PSG20207 30PSG185202210 17PSG15520252 25PSG78PSGEDCEDCPSG PSG12EDC2025630PSG 20256308PSG20255EDC2025630EDC PSG122025831PSG 2025630120 202482024121,515,1442025319202512100.200.2020253190.10590.48%42,028,43840.19%202462820240.20202420% 2024671,600,000202472420257240.200.2020247240.1810.0%62,548,86659.81%202462820240.20202420% 20243 70.2233,000,00020245297,300,0001,300,000 20242 90.092024 2023327800350489.25%200,031 489.25%87,514Voyager 202411202542720254272025425 20256 302,4002025630530780 20243 202311 20258162,548,86620257241,600,000 2024370.223,30020245297,300,0001,300,000 202311200.243,0002024287,200,0001,300,000 20256 30522,886,520585,435,386 20247 2416012%2025724 20253 191509%202512 10 1013 20256 3023 20186820205 183780.52520221130800.485320256 30802024308 2028 20252024630 101820131926 20252024630 5202024520 20256 30 2025630 D232(4)32(9) 20258 162,548,866202572416012%2025724192,000 20258 140.4367,775,88454 1927 41927 20252024630202563083742024940 20256 3032024420256 301327202496439 5 2025112025630 2025112025630Tara Leray(i)(ii) 20251 12025630Tara LerayICFR 20251 12025630JX Energy JX EnergyICFRDC&P 2025 6 302013 ••••••• JX EnergyJX EnergyJX Energy JX EnergyJX Energy20241231AIFAIFwww.jxenergy.cawww.sedarplus.ca JX Energy IFRS EBITDAEBITDA Bbls/d or Bbl/dBbls or BblBoeBoe/dC$/BblC$/BoeMbbls or MbblMboeMbpdMMbblsMMbbls/dMMboeMMboe/dUS$/Bbl BcfBcmBtuCfC$/McfC$/MMbtuGJGJ/dMcfMcf/dMcfeMcfe/dMMbtuMMcfMMcf/dMMcfeMMcfe/dtcfUS$/MMbtu kmkm2mm3mgoC = 0.1590(m3)= 0.0283(103m3)= 0.4047= 1054.615(J)(ft) = 0.3048(m)= 1.6093(Lb)= 0.4536(kg) C1220256 30C.2.1 C.2.1 C3 20256 30571XV(i)XV78(ii)352(iii) 1.2025630522,886,520 2.100%66.70%33.30%181,194,306 1.100%66.70%33.30%181,194,306 2025630XV352 20256 30XV23336 1.2024630522,886,5202.Aspen181,194,306JLHY80.78%19.22%3.JLHY 60%JLHY4.JLHY60%40%5.JLHY98%1%1%6.JLHY 40%JLHY7.100%66.70%33.30%181,194,3068.9.100% 20256 30XV23336 10% (a)1%121%6 (b)10% (c)1210% (d)2% (e) 12 (i)0.1% (ii)5,000,000 10 (i)(ii) (i)121%(ii) 20205183780.52520203202051520200.50 202211 30800.48520222023113020220.445 21,748,45224,028,452 13.2013.2113.22 202413.51B(1) (www.hkexnews.hk)(www.JXEnergy.ca) 2025919 20252024630 1 JX2005JX15thFloor, Bankers Court, 850-2nd Street SW, Calgary, Alberta, T2P 0R8, CanadaSuite 900, 717-7thAvenue SW, Calgary, Alberta, T2P 0Z3, Canada 20173103395201810 22022622Persta Resources Inc.JX Energy Ltd. 2 IAS34 20241231202412312025813 3 20256 302,4002025630530780 20252024630 3 4 20252024630 5 a) 20256 3020241231 b) 202563020241231 20252024630 6 PP&EE&E 20256 30202412 31BasingVoyagerDawson 202