GasEner, SRL acquired Madalena Energy Argentina SRL for $0.02 million on January 12, 2023. The consideration consists of a purchase price of $0.02 million and assumed all liabilities with respect to Madalena Energy Argentina SRL. Prior to the transaction, Centaurus acquired Madalena Energy Argentina SRL's interests in the PAE ORRI in exchange for assumption and extinguishment of the intercompany debt owed by Madalena Energy Argentina SRL to Centaurus. In addition, as part of the Transaction, a debt obligation of approximately $0.26 million owed by Madalena Energy Argentina SRL to David D. Tawil was assumed by Centaurus. The effect of the transaction is that the Company has transferred all its conventional oil and gas assets and related liabilities in Argentina, including sizable upcoming drilling commitments, to Gasener, while retaining the PAE ORRI.

GasEner, SRL completed the acquisition of Madalena Energy Argentina SRL on January 12, 2023.