Acquisition of Additional Fouke Area Acreage

Buccaneer Energy Plc

("Buccaneer" or the "Company")

27 November 2025

Acquisition of Additional Fouke Area Acreage,

Enabling Sidetrack and New Production Potential

Buccaneer Energy (AIM: BUCE), an international oil & gas exploration and production company with development and production assets in Texas, USA, is pleased to announce the acquisition of a 32.5% interest in offsetting leasehold acreage in the Fouke area of the Pine Mills field.

Highlights:

The following map illustrates the new acreage position, including the location of Allar #1, the Fouke wells, and the area now accessible for a potential sidetrack.

Paul Welch, Buccaneer Energy's Chief Executive Officer, commented:

"The addition of this acreage is an important step for Buccaneer as we look to further our development of the Fouke area by unlocking the opportunity to pursue an optimal sidetrack for the Allar #1 well. The Company will now progress preparatory work including reviewing the well plan, cost estimates, and timing in conjunction with its partner. The Turner #1 well provides near-term production potential, while Daniel #1 offers longer-term development optionality.

With this acreage now secured and Fouke #4 progressing toward spud, we are well positioned to continue building production and value across Pine Mills. I look forward to updating investors as we progress these various workstreams."

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