A new report says Alberta’s energy sector is still in a good position to grow, even though global oil markets remain unpredictable. “We obviously saw elevated oil prices throughout much of this year with the Strait of Hormuz. Right now prices are a little bit lower,” said Deloitte energy partner, Andrew Botterill. “Countries going to need to rebuild on their strategic reserves that they really decimated here in the last few months.” Botterill points to an average WTI price for the remainder of the year around $80 U.S. a barrel. The Deloitte report says global energy prices remained elevated through the second quarter of 2026 as markets continued to grapple with supply disruptions, shifting demand and geopolitical uncertainty. Despite those challenges, Canada and the United States both reached record crude oil export levels, with Alberta’s oil sands playing a major role in production growth. The report notes that producers are choosing projects that cost less and can be developed more quickly, like conventional heavy oil drilling and in-situ operations. This helps companies stay profitable, even when prices drop. Looking ahead, Deloitte forecasts continued production growth, supported by planned pipeline expansions and optimizations that could add about 800,000 barrels per day of export capacity by 2030. “What we’re going to see is this renewed investment in recognition of what the global supply chain is going to kind of shift a little bit,” said Botterill. “Think we’re just going to see a little bit of a shift in the next five years of maybe not everything is going to come from the Middle East.” He points to Asian and European market becoming more reliant on Canada energy. The report says most oil sands development remains concentrated in the Athabasca region, while activity in the Cold Lake and Peace River regions has increasingly shifted toward conventional heavy oil production. It predicts oil prices will fall over the next few years, with WTI crude settling in the $65-$75 U.S per barrel mark. Richard Masson, former CEO of the Alberta Petroleum Marketing Commission calls that a middle of the road scenario. “Very adequate to make a lot of free cash flow from their existing projects,” said Masson. “From Alberta’s point of view, it doesn’t necessarily balance the budget, but it probably goes a long way.” The report came after Alberta Premier Danielle Smith announced separate pipeline proposals with Prime Minister Mark Carney and Ontario Premier Doug Ford, arguing that additional energy infrastructure will be needed to support future production growth. Masson says that forecast will also be able to support future projects “Oil sands projects don’t need $100 to be successful,” he said. “$65-75 the money would allow them to continue to grow, and fill up the Trans Mountain, Enbridge, South Bow and eventually the million barrels a day pipeline if these things can be brought in.” LNG production Robinson Energy, headquartered out of Calgary, was established in May 2022 and develops existing natural gas resources in Papua New Guina. “What’s happening with the Iranian war is that the (disruption) to the Strait of Hormuz has really disrupted the supply of LNG into, the largest marketplace in the world,” said Robinson Energy’s CEO Cam Bailey. Bailey points to a fifth of the world’s gas supply being held up in the Strait of Hormuz during the war. Robinson Energy has accumulated 140 gas wells in Papua New Guinea and will look to capture part of the Asian market. “Whoever captures that marketplace today, will have that secured for a long time coming,” said Bailey. Bailey added the political issues to get gas to market in Canada “have been so difficult.” “Papua New Guinea, those constraints don’t exist,” said Bailey. “That’s part of the reason why we’ve chosen to take Canadian technology and methodologies and apply to a jurisdiction where we’re not hamstrung with those problems.” Botterill anticipates growing demand for LNG over the next five to 10 years.

Shell’s 2026 LNG Outlook arrives at a pivotal moment for the global energy market. Over the past decade, liquefied natural gas has evolved from a growing component of the global gas market into a critical part of the world’s energy system. Shell’s latest outlook argues that this role is likely to remain significant for decades as global energy demand rises, supply chains become increasingly exposed to geopolitical shocks, and Asian economies continue to expand. The report paints a clear picture: the world needs more reliable energy, and LNG remains one of the key fuels capable of meeting that demand at scale. A Decade of Rapid LNG Growth According to Shell, global LNG trade reached approximately 422 million tonnes in 2025, up from 264 million tonnes in 2016. Over the same period, the LNG industry expanded significantly across virtually every major part of the value chain. The number of LNG-importing countries grew from 36 to 49. Global regasification terminals increased from 124 to 200. The LNG-fuelled shipping fleet expanded dramatically, while global bunkering infrastructure grew alongside it. Perhaps most notably, the actual level of LNG demand reached in 2025 fell within the range Shell had forecast nearly a decade earlier. That growth occurred despite three major disruptions to the global energy system: the COVID-19 pandemic, the Russia-Ukraine war, and the 2026 Middle East crisis. For Shell, that resilience reinforces LNG’s increasingly important role within the global energy system. Energy Security Has Become a Central Issue One of the clearest themes in the 2026 Outlook is the importance of energy security. Recent disruption surrounding the Strait of Hormuz has highlighted the extent to which global energy and commodity flows depend on a relatively small number of strategic corridors. Shell estimates that significant portions of global LNG, crude oil, petrochemical and industrial commodity trade pass through the Strait of Hormuz. The consequences of disruption extend far beyond energy prices. Supply interruptions can affect fertilizer, metals, chemicals, aviation fuels, manufacturing and broader global trade. For the LNG market, the lesson is increasingly clear: supply diversity matters. As buyers and governments evaluate future energy needs, questions of reliability, shipping security, geographic diversification and infrastructure resilience are becoming increasingly important alongside price. LNG Supply Remains Vulnerable to Disruption Shell’s outlook suggests that the Middle East crisis has materially altered expectations for LNG supply growth in 2026. Under more severe disruption scenarios, global LNG exports could experience a rare annual contraction. The market has shown an ability to respond through increased North American exports, cross-basin cargo movements, fuel switching, storage withdrawals and changes in demand. However, these mechanisms do not eliminate the underlying vulnerability of a global market dependent on complex infrastructure and international shipping routes. The report argues that continued investment across LNG production, liquefaction, shipping and regasification infrastructure will be required to strengthen the resilience of the global system. Asia Remains the Long-Term Centre of LNG Demand Growth While short-term energy shocks dominate headlines, Shell’s long-term outlook remains heavily focused on Asia. Economic growth, industrial development, urbanization and energy security are expected to continue driving demand across the region. Emerging Asia, including India and Southeast Asia, is highlighted as one of the most important areas of future growth. Shell projects a widening structural gap between regional gas demand and domestic production over the coming decades. Meeting that gap would require both additional LNG supply and significant investment in downstream infrastructure. The report estimates that more than 140 million tonnes per annum of additional regasification capacity investment could be required in emerging Asian markets by 2050. This creates a long-term opportunity for LNG suppliers capable of delivering competitive and reliable volumes into the region. China Continues to Shape the Global Gas Market China remains another major pillar of the global LNG outlook. While increased domestic gas production and pipeline imports have provided China with greater flexibility in the short term, Shell expects natural gas demand to continue growing over the long term. The report identifies a structural supply gap between future Chinese gas consumption and the country’s domestic production and pipeline supply. LNG is therefore expected to remain an important part of China’s energy mix, supported by continued expansion of import and regasification infrastructure. China’s scale also gives it an increasingly important role in balancing the wider global LNG market. AI and Data Centres Are Changing Electricity Demand Another major development highlighted in Shell’s 2026 Outlook is the effect of artificial intelligence and data centres on power consumption. Japan provides one notable example. Shell points to higher expectations for Japanese electricity demand as AI infrastructure and industrial growth increase power requirements. At the same time, lower renewable energy forecasts may support stronger demand for gas-fired power generation. This trend extends beyond Japan. Rapid growth in data centres, computing infrastructure and electrification is forcing governments and utilities to reassess assumptions about future electricity demand. Reliable, dispatchable energy is becoming increasingly valuable, strengthening the role of natural gas in markets where energy demand is rising faster than new power infrastructure can be developed. The LNG Shipping Market Is Also Expanding LNG is not only a globally traded commodity. It is increasingly becoming a fuel for the shipping industry itself. Shell reports that more than 900 LNG-fuelled vessels are already in operation, with hundreds more on order. The company expects LNG bunkering demand to grow substantially through 2050 as shipping companies seek scalable alternatives capable of lowering emissions while supporting global commercial operations. This creates an additional source of long-term LNG demand beyond traditional power generation and industrial markets. More Investment Will Be Required Perhaps the most important conclusion from Shell’s 2026 Outlook is that continued LNG demand will require continued investment. The report presents a wide range of long-term demand scenarios, reflecting uncertainty around economic growth, climate policy, technology and the global energy transition. Yet across those scenarios, LNG continues to play an important role. Existing production alone will not be sufficient to meet expected future demand. New liquefaction projects currently under construction will add significant supply, particularly from the United States, but further investment may still be required to replace declining production and meet demand growth through 2050. Shell summarizes the future of the LNG market around several themes: Supply diversity. Greater competitiveness. Growing transportation demand. A balanced transition toward lower emissions. Portfolio flexibility for buyers. And a global market capable of responding to disruption. What This Means for the Future of LNG The central message of Shell’s LNG Outlook 2026 is not simply that the world needs more gas. It is that the global energy system increasingly values reliability, flexibility and geographic diversity. The energy shocks of the past decade have demonstrated that resilient supply systems require multiple producers, multiple transportation routes, investment across the entire value chain and access to resources positioned close to major demand centres. At the same time, Asian economic growth, urbanization, AI infrastructure and industrial expansion continue to support a long-term need for secure energy. For emerging LNG regions, this creates an important opportunity. Projects that combine meaningful resource potential with strategic geography, competitive development pathways and access to growing Asian markets may become increasingly important as the global LNG system evolves. Shell’s 2026 Outlook makes one point particularly difficult to ignore: In an increasingly uncertain energy landscape, the world will need not only more energy, but more resilient sources of supply.

Robinson Energy Rings the Bell at the TSX

June 17, 2026 ROBINSON ENERGY LIMITED COMPLETES REVERSE TAKEOVER TRANSACTION OF COBRA VENTURE CORPORATION Vancouver, British Columbia, June 17, 2026, Newsfile Corp. - Robinson Energy Limited, formerly Cobra Venture Corporation, the “Corporation”, is pleased to announce that the Corporation has completed its previously announced “Reverse Takeover”, as such term is defined by the Exchange Policy 5.2 - Changes of Business and Reverse Takeovers, the “Transaction”, involving Cobra Venture Corporation, “Cobra”, and Robinson Energy Limited, “Robinson”, pursuant to an amalgamation agreement dated March 17, 2026, the “Amalgamation Agreement”, among Cobra, Robinson, and a subsidiary of Robinson, “Subco”. Pursuant to the Amalgamation Agreement, the Corporation acquired all of the issued and outstanding shares of Robinson, the “Robinson Shares”, by means of a “three cornered amalgamation”, the “Amalgamation”, whereby Subco and Robinson amalgamated to form Robinson Energy Canada Ltd. which continues as a wholly-owned subsidiary of the Corporation. As part of the Transaction, the Corporation has changed its name to “Robinson Energy Limited”, and consolidated its shares on a 10:1 basis, the “Consolidation”. No fractional securities were issued as a result of the Consolidation. The new CUSIP number for the post-Consolidation shares, the “Resulting Issuer Shares”, will be 770767101 and the new ISIN will be CA7707671011. Holders of Robinson Shares received Resulting Issuer Shares in exchange for their Robinson Shares at an exchange ratio of 1.7947 Resulting Issuer Share per Robinson Share, subject to adjustments in accordance with the Amalgamation Agreement. Pursuant to the Amalgamation, the Corporation issued an aggregate of 14,796,887 Resulting Issuer Shares to former Robinson shareholders at a deemed price of $2.00 per Resulting Issuer Share. There will be 16,617,762 Resulting Issuer Shares issued and outstanding upon listing. Trading of the Resulting Issuer Shares remains halted, and subject to final TSX Venture Exchange, “Exchange”, approval of the Transaction which will occur upon issuance of a final bulletin in respect of the Transaction by the Exchange which is expected on or about June 18, 2026. Subject to the issuance of the final bulletin, it is anticipated that trading in the Resulting Issuer Shares will commence on the Exchange under the symbol “ROB” on June 22, 2026. The Corporation will continue the business of Robinson, and intends to remain listed as a Tier 2 Oil and Gas Issuer on the Exchange, subject to final Exchange approval. The head office of the Corporation is located at Suite 800, 205 5th Ave SW, Calgary, AB T2P 2V7 and the registered office is located at 421 7 Ave SW, Suite 4000, Calgary, AB T2P 4K9. Escrow and Resale As part of the Transaction: The Corporation entered into an escrow agreement with Computershare Trust Company of Canada and certain insiders of the Corporation providing for the escrow of an aggregate of 4,421,542 Resulting Issuer Shares, to be released on a Tier 2 escrow release schedule in accordance with Exchange Policy 5.4 - Capital Structure, Escrow and Resale Restriction, “Policy 5.4”; and An aggregate of 6,540,685 Resulting Issuer Shares will be subject to Seed Share Resale Restrictions in accordance with Policy 5.4, with 20% released on each of the date of the final Exchange bulletin and the dates that are 3, 6, 9, and 12 months thereafter. Adoption of Stock Option Plan In connection with the closing of the Transaction, the Corporation intends to adopt the option plan of Robinson, the “Option Plan”, subject to final acceptance of the Exchange. The Option Plan permits the grant of stock options to directors, officers, employees, consultants and other eligible participants of the Corporation. The Corporation has granted 1,067,985 stock options, “Resulting Issuer Options”, under the Option Plan at an exercise price of $2.00 per Resulting Issuer Share to certain directors, officers, employees and consultants as of the date hereof. The Resulting Issuer Options will vest at 8.333% at the end of each financial quarter following the date of grant, and will expire 4 years from the date of grant. Board of Directors and Management The board of directors of the Corporation is comprised of J. Cameron Bailey, John R. King, R. Bradley Hurtubise, and Randolph M. Charron. Management will consist of J. Cameron Bailey as President & Chief Executive Officer, “CEO”, Neil Bothwell as Chief Financial Officer, Pradeep Bhatnagar as Vice-President, Exploration, and Jack Schroder has been appointed as Corporate Secretary. Appointment of Auditors Concurrent with the closing of the Transaction, MNP LLP was appointed auditor of the Corporation. In connection with the Transaction the Corporation has changed its financial year end to September 30, being Robinson’s current year end. Oil and Gas Asset Disposition Pursuant to the Amalgamation Agreement and the receipt of disinterested shareholder approval via ordinary resolution, the Corporation completed the disposition of its 14.665% working interest in 4 initial test wells located in Gull Lake, Saskatchewan, the “Oil and Gas Asset Sale”, for aggregate proceeds of $275,000. The Oil and Gas Asset Sale is more particularly described in the oil and gas asset sale agreement, the “Oil and Gas Asset Sale Agreement”, between the Corporation and 2788570 Alberta Ltd., as further described in the Oil and Gas Asset Sale Agreement appended to, and described within, the joint management information circular of Cobra and Robinson dated May 14, 2026. Early Warning Disclosure Upon the completion of the Transaction, J. Cameron Bailey, President, CEO and Director of the Corporation, holds, directly or indirectly, or exercises control or direction over an aggregate of 3,589,400 Resulting Issuer Shares, and stock options to acquire 332,355 Resulting Issuer Shares, representing approximately 21.60% of the issued and outstanding Resulting Issuer Shares on a non-diluted basis, and approximately 23.14% on a partially-diluted basis, assuming the exercise of Mr. Bailey’s Resulting Issuer Options only. Prior to the completion of the Transaction, Mr. Bailey did not beneficially own, or exercise control or direction over, any securities of the Corporation. Mr. Bailey acquired these securities for investment purposes and may, from time to time, acquire additional securities of the Corporation or dispose of such securities as he may deem appropriate. For the purposes of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, “NI 62-103”, early warning reporting, the address of Mr. Bailey is 800, 205 5th Avenue SW, Calgary, AB T2P 2V7. Upon the completion of the Transaction, Anubhav Yadav, holds, directly or indirectly, or exercises control or direction over an aggregate of 2,153,640 Resulting Issuer Shares, representing 12.96% of the issued and outstanding Resulting Issuer Shares on a non-diluted basis. Prior to the completion of the Transaction, Mr. Yadav did not beneficially own, or exercise control or direction over, any securities of the Corporation. Mr. Yadav acquired these securities for investment purposes and may, from time to time, acquire additional securities of the Corporation or dispose of such securities as he may deem appropriate. For the purposes of NI 62-103 early warning reporting, the address of Mr. Yadav is 14 The Avenue North Sydney 2060, NSW, Australia. Further Information Further details regarding the Transaction are contained in the joint management information circular of Cobra and Robinson dated May 14, 2026, filed under the Corporation’s profile on SEDAR+. The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. Yours sincerely, J. Cameron Bailey President & Chief Executive Officer Robinson Energy Limited www.robinson-energy.com

May 19, 2026 Dear Shareholders, We are writing to provide shareholders with a brief corporate update regarding the proposed reverse takeover transaction with Cobra Venture Corporation and recent investor materials prepared in connection with Robinson Energy’s Western Region strategy in Papua New Guinea. Shareholder Meeting Date Change Due to the timing associated with completion of the TSX Venture Exchange review process and the finalization of mailing materials, the date of the shareholder meeting relating to the proposed reverse takeover transaction with Cobra Venture Corporation has been changed from June 5, 2026 to June 12, 2026. The Company currently expects the joint management information circular and related meeting materials to be mailed shortly. Subject to shareholder approval and receipt of final regulatory approvals, Robinson Energy expects the combined entity to commence trading on the TSX Venture Exchange shortly thereafter. Seawolf Research Report Attached to this update is a recently prepared independent research report by Seawolf Research outlining Robinson Energy’s strategic positioning within the global LNG market and the Company’s development plans in Papua New Guinea. The report highlights several key themes, including: • Robinson Energy’s position within the Western Region gas aggregation initiative; • The strategic importance of PRL 62 and surrounding licences; • Growing long-term LNG demand across Asia-Pacific markets; • Increasing global electricity demand associated with AI infrastructure and electrification trends; and • Robinson Energy’s exposure to geographically secure, Asia-adjacent LNG supply. The report also discusses the broader macro environment for LNG markets, infrastructure development, and long-cycle natural gas demand growth. The Seawolf Research report is available on Robinson Energy’s website at www.robinson-energy.com. Valuation Context The Seawolf Research report also discusses the broader strategic valuation framework for Papua New Guinea contingent gas resources and highlights historical transaction benchmarks within the PNG LNG sector. In particular, the report references the historical ExxonMobil and Total transactions involving InterOil’s Elk/Antelope discoveries, which established important precedent valuation metrics for certified contingent gas resources in Papua New Guinea prior to final development sanction. While PRL 62 is smaller in scale than Elk/Antelope and is expected to form part of a broader aggregated Western Region development strategy, Robinson Energy believes several characteristics of PRL 62 distinguish it as a strategically important asset within PNG’s emerging third LNG corridor, including: • Approximately 1.1–1.2 Tcf of independently evaluated contingent resources; • Proven liquids-rich Foreland Basin sandstone reservoirs; • Strategic relevance to Western Region aggregation infrastructure concepts; and • Direct proximity to Asia-Pacific LNG markets. The report notes that public market valuations for contingent gas resources have historically differed materially from strategic industrial buyer valuations, particularly where assets possess a credible pathway toward LNG commercialization and infrastructure integration. As government-led aggregation initiatives continue to advance in Papua New Guinea’s Western Region, Robinson Energy believes the strategic significance of PRL 62 and surrounding regional gas resources may become increasingly recognized within both public and industry valuation frameworks. Shareholders should note that the Seawolf Research report is currently being updated to incorporate additional market analysis, updated valuation comparisons, and recent regulatory developments associated with the National Petroleum Authority aggregation directive process in Papua New Guinea. An updated version of the report is expected to be released in due course. The Company believes the ongoing strengthening of LNG fundamentals, combined with the increasing strategic focus on Western Region gas aggregation by PNG authorities, continues to support Robinson Energy’s long-term positioning as a potential future participant in PNG’s next major LNG development corridor. We appreciate the continued support of our shareholders and look forward to providing further updates in the coming weeks as the transaction process advances. Yours sincerely, J. Cameron Bailey President & Chief Executive Officer Robinson Energy Limited www.robinson-energy.com

Dear Shareholders,  Recent geopolitical developments involving the escalation of conflict with Iran have had a profound and immediate impact on global energy markets particularly liquefied natural gas (LNG). While such events are inherently concerning from a global stability perspective, they are also reshaping the structural dynamics of energy supply in ways that are directly relevant to Robinson Energy’s strategy and asset positioning. As you may be aware, coordinated strikes and retaliatory actions in the Gulf region have materially disrupted LNG infrastructure, most notably in Qatar. Damage to liquefaction facilities at Ras Laffan has resulted in the loss of approximately 17% of Qatar’s LNG export capacity, with recovery timelines estimated at three to five years . Given that Qatar accounts for roughly 20% of global LNG supply , this represents a significant and sustained supply shock to the global gas market. Compounding this disruption is the vulnerability of the Strait of Hormuz, through which approximately 20% of global LNG trade transits . The current conflict has constrained shipping flows through this critical chokepoint, further tightening supply availability. Importantly, over 80% of LNG volumes moving through Hormuz are destined for Asian markets , making Asia the most exposed region to supply dislocation. This has resulted in a rapid repricing of LNG, with buyers—particularly in Asia—actively seeking diversified and geopolitically secure sources of supply . Market participants are increasingly recognizing that the global LNG system is heavily concentrated in a small number of assets and transit routes, creating structural vulnerabilities that are now being exposed in real time.

ROBINSON ENERGY LIMITED AND COBRA VENTURE CORPORATION ENTER INTO DEFINITIVE AGREEMENT FOR REVERSE TAKE OVER TRANSACTION