RCS - Buccaneer Energy PLC - CEO Interview Highlights

Buccaneer EnergyAnnouncement

Mon 07:20

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RNS Number : 6935E  Buccaneer Energy PLC  18 May 2026

18 May 2026

Buccaneer Energy Plc

("Buccaneer" or the "Company")

CEO Interview Highlights

Buccaneer Energy (AIM: BUCE), an international oil & gas exploration and
production company with development and production assets in Texas, USA, is
pleased to share a recent interview with Chief Executive Officer Paul Welch on
ADVFN's Capital Compass.

Watch the full interview here:

https://uk.advfn.com/market-news/article/15618/buccaneer-energy-building-momentum-through-cash-flow-and-strategic-growth
(https://uk.advfn.com/market-news/article/15618/buccaneer-energy-building-momentum-through-cash-flow-and-strategic-growth)

The interview outlines Buccaneer's strategy of building a low-cost,
cash-generative production base in Texas while progressing high-return growth
initiatives across the Pine Mills Field.

Highlights:

 ·   Current production of approximately 150 bopd, with management targeting the
     next operational milestone of approximately 250 bopd
 ·   Free cash generation exceeded US$250,000 in the latest month at current oil
     prices
 ·   Operating costs in the Fouke area are below US$5/bbl, supporting strong
     operating margins
 ·   Organic Oil Recovery ("OOR") pilot demonstrated encouraging early production
     and reduced water cuts
 ·   Fouke waterflood identified by management as the key driver of the next
     material increase in production and reserves
 ·   Carlisle #1 acquisition delivering payback in under six months and IRR in
     excess of 80%

 

The interview also covers Buccaneer's focus on disciplined growth,
strengthening cash flow and narrowing the gap between the Company's current
market valuation and the underlying value of its producing reserve base, with
Carlisle #1 demonstrating the type of high-return, cash-generative opportunity
already being delivered.

 

For further information, contact:

 

 Buccaneer Energy plc                         Email:   Investor_relations@buccaneerenergy.co.uk

 Paul Welch, CEO

 SP Angel Corporate Finance LLP               Tel:     +44 (0) 20 3470 0470

 (NOMAD/Joint Broker)

 Stuart Gledhill / Richard Hail / Adam Cowl

 Oak Securities (Joint Broker)                Tel:     +44 (0) 20 3973 3678

 Robert Bell / Nick Price

 Celicourt Communications                     Tel:     +44 (0) 20 7770 6424

Email:
BucEng@celicourt.uk
 (PR/IR)

 Mark Antelme / Charles Denley-Myerson

 

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