CorporateOregen Energy Corp. (CSE:ORNG)September 4, 2026 at 9:00 AM EDT

Oregen Energy reports Q2 2026 results; highlights cost cuts in Namibia Orange Basin

Source:

TheNewswire

oil

Vancouver, British Columbia – September 4, 2026 – TheNewswire - Oregen Energy Corp . (CSE: ORNG , OTCQB: ORGEF , FSE: A1S0 ) (“ Oregen ” or the “ Company ”) is pleased to announce that it has filed its unaudited condensed interim consolidated financial statements and accompanying Management’s Discussion and Analysis (MD&A) for the period ending June 30, 2026.

Both documents are available under the Company’s profile on SEDAR+ at www.sedarplus.ca .

Q2 & First Half 2026 Highlights:

Leadership Transition Board Evolution: The Company bolstered its leadership bench with the appointments of energy industry executive David French and corporate and government strategist Michael Simpson to the Board of Directors, supported by the addition of Phil Birch as senior strategic advisor. Kevin Shrimpton has stepped into the role of Interim Chief Executive Officer bringing more than 30 years of upstream oil and gas experience to the company.

Significant Reduction in Operating Expenses: For the three months ended June 30, 2026, total operating expenses decreased by 85% to $163,607, down from $1,102,151 in Q2 2025. Operating expenses for the first six months fell 67% to $532,479 compared to $1,608,314 during the prior-year period.

Material Decrease in Net Loss: Comprehensive net loss for Q2 2026 was reduced by 68% to $363,688 ($0.01 per share), compared to $1,141,804 ($0.04 per share) in Q2 2025. For the six-month period, net loss decreased by 49% to $833,835 against $1,645,963 in the prior period.

Overhead Discipline: The Company achieved substantial year-over-year cost rationalization across multiple operational lines, driven by the internalization of corporate management functions and lower advisory transaction overhead following the acquisitions of NamLith and Oranam.

High-Impact Orange Basin Asset Exposure: Oregen maintains a 48.5% equity stake in WestOil Limited, which holds a 70% working interest (33.95% net to Oregen) in Block 2712A (PEL 107) in offshore Namibia’s prolific Orange Basin, located adjacent to major international discoveries by Galp, TotalEnergies, Shell, and Rhino/BP-ENI.

Expanding Footprint with Block 2812Ab Agreement: Building on its core holding in Block 2712A, the Company entered into a non-binding Letter of Intent framework to evaluate a strategic investment in Petrovena Energy (Pty) Ltd. The LOI represents a major milestone for Oregen and further advances the Company’s strategy to build a concentrated Orange Basin portfolio with exposure to multiple high-impact catalysts.

" Oregen executed focused capital discipline while restructuring and streamlining our administrative cost profile ," said Kevin Shrimpton, Interim CEO . " By sharply cutting non-essential corporate burn and rationalizing administrative overhead, we have positioned the Company with a significantly leaner cost footprint. At the same time, we remain focused on the tremendous potential within our interest in Block 2712A and 2812Ab in Namibia's Orange Basin, one of the world's most active and prospective offshore exploration basins. With a revitalized board, top-tier technical guidance, and continued corporate discipline, Oregen is focused on unlocking shareholder value through our core offshore holding and new strategic energy opportunities. "

About Oregen Energy Corp.

Oregen Energy Corp. is a Canadian-listed energy investment company focused on creating and compounding shareholder value through direct and indirect participation in high-potential oil and gas exploration assets in Africa. Through its 48.5% interest in WestOil Limited, Oregen controls a 33.95% net working interest in Block 2712A (PEL 107), spanning 5,484 square kilometers in Namibia’s world-class Orange Basin.

For further information, please visit www.oregen.com or contact:

Oregen Energy Corp.

Kevin Shrimpton, Interim CEO

Suite 400 – 1681 Chestnut Street

Vancouver, BC, V6J 4M6

info@oregen.com

www.oregen.com

https://investors.oregen.com/

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Forward-Looking Statements:

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the commencement of trading of the Company’s common shares on the Exchange and the timing in respect thereof.

Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Oregen. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. All statements that describe the Company’s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by Oregen that the actual results realized in the future will be the same in whole or in part as those presented herein. Oregen disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding Oregen’s business contained in Oregen’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on Oregen and the risks and challenges of its business, investors should review Oregen’s filings that are available at www.sedarplus.ca .

Oregen provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

TheNewsWire

September 4, 2026 - 6:00 AM PDT