CENTAURUS ENERGY INC - CTARF STOCK NEWS

Centaurus Energy announces a Normal Course Issuer Bid (NCIB) approved by the TSX Venture Exchange. The NCIB permits the purchase and cancellation of up to 108,545 common shares, representing 10% of the public float, starting May 30, 2024, and concluding no later than May 30, 2025.

The company believes its current share price undervalues its assets and prospects, making this a strategic use of funds. Previous purchases in the last twelve months totaled 7,700 shares. All acquisitions will occur on the TSX-V or other Canadian trading systems, with shares purchased at market price and subsequently cancelled. Centaurus has named Canaccord Genuity to manage the NCIB.

Centaurus Energy Inc. announces a new capital allocation strategy focusing on Ether cryptocurrency, with CEO David D. Tawil extending up to USD 1,500,000 to the company. The strategy aims to maximize shareholder value by investing in Ether as the primary treasury reserve asset, reflecting a shift from traditional commodities to digital assets. Centaurus will benefit from its passive royalty interest in a petroleum block in Argentina, reducing expenses and seeking higher returns through Ether investments. The CEO's background in cryptoassets hedge funds adds credibility to the strategic shift, with the company already initiating Ether purchases. The capital investment agreement with the CEO involves a loan providing capital at competitive terms, emphasizing long-term value creation for shareholders in Canada and the United States. The investment in Ether is justified by its potential as a valuable cryptocurrency, powering smart contracts and decentralized applications, with Centaurus recognizing it as a superior investment asset over cash. The company plans to explore yield-earning opportunities on its Ether holdings, leveraging the unique properties of Ether for long-term returns.

Centaurus Energy Inc. (TSXV: CTA) (OTC Pink: CTARF) appoints Mr. Jeffrey Borack as interim Chief Financial Officer. With over 13 years of finance, strategy, and operations experience, including as CEO of Angels' Cup Coffee, Mr. Borack brings a strong track record of success to Centaurus. His appointment is expected to benefit the company and shareholders.

Centaurus Energy Inc. announces the implementation of a normal course issuer bid (NCIB) to purchase up to 109,315 of its common shares over a twelve month period. The NCIB is aimed at stabilizing the trading price of the shares and reflects the belief that the market price does not fully reflect the company's value.

Centaurus Energy reported its financial results for Q2 2020, showing oil and gas revenue of $4.86 million, down from $8.98 million in 2019. The net loss from continuing operations reached $16.44 million, compared to a $2.27 million loss the previous year. The average oil price was $25.70 per barrel, significantly lower than $52.85 in Q2 2019. Production in August increased to 2,313 boe/d. However, impairment tests revealed a $9.3 million impairment expense due to reduced commodity prices linked to the COVID-19 pandemic. The company continues to manage operational costs amidst challenging market conditions.