White Rhino Signs Participation Agreement

On March 27, 2024, White Rhino Energy signed a participation agreement with Next Bridge Hydrocarbons, Inc. and ORX Exploration, Inc. The agreement conveys White Rhino Energy a 25% working interest in the Valentine Prospect located in Lafourche Parish, Louisiana pending final payment in July of 2024. The Valentine Prospect has prospective reserves of 511.7 BCF of natural gas and 15.2 MMB of condensate per DeGolyer & McNaughton, a 3rd party engineering firm based in Dallas, Texas.