Robinson Energy Lists on TSXV with Big Bet on Papua New Guinea Gas

VANCOUVER, BC – June 22, 2026

Robinson Energy Limited made its public debut on the TSX Venture Exchange today under the ticker “ROB,” marking the culmination of a strategic reverse takeover and signaling the start of an ambitious new chapter for the junior energy firm. The company is now poised to direct its focus and future capital towards a formidable asset: a vast, gas-rich license in the heart of Papua New Guinea's prolific hydrocarbon territory.

The listing provides Robinson with a crucial platform to finance its strategy of commercializing significant discovered gas resources in a region already established as a key global supplier of liquefied natural gas (LNG). For investors, the new listing presents a frontier opportunity tied to the energy demands of Asia and the complex, high-stakes world of resource development in the Pacific.

The Path to Public Trading: A Strategic Reverse Takeover

Robinson Energy’s journey to the public market was accomplished not through a traditional IPO, but via a reverse takeover (RTO) of Cobra Venture Corporation, a process completed on June 17. This maneuver, common among junior resource companies, provides a more streamlined path to a public listing and access to capital markets. Following the transaction, Cobra Venture Corporation adopted the Robinson Energy name and identity.

According to public filings, the transaction involved issuing nearly 14.8 million shares to former Robinson shareholders at a deemed price of $2.00 per share. The company commences its new life with 16,616,262 shares issued and outstanding. In a move to align management and shareholder interests, the company also granted approximately 1.07 million stock options at a $2.00 exercise price, which will vest quarterly over the next four years.

This RTO structure effectively transitions Robinson from a private entity to a publicly-traded Tier 2 Oil and Gas Issuer, equipped with the financial mechanisms necessary to pursue its capital-intensive development plans in Papua New Guinea.

Unlocking the Papuan Foreland: The Promise of PRL 62

The cornerstone of Robinson Energy's entire enterprise is Petroleum Retention License 62 (PRL 62). This is not a speculative, greenfield exploration play; the 1,134 square kilometer block, located in the geologically rich Papuan Foreland and Fold Belt Basin, contains four discovered gas accumulations: Puk Puk, Weimang, Langia, and Platypus.

Independent analysis underscores the significance of the asset. A 2025 resource estimate from Sproule ERCE, a respected industry consultant, pegged PRL 62’s 2C (best estimate) contingent resources at 1.13 trillion cubic feet (bcf) of natural gas and 10.2 million barrels of valuable condensate. This equates to a substantial total of nearly 199 million barrels of oil equivalent (mmboe). The license also holds compelling future potential, with three additional untested structures estimated to hold a cumulative 1.7 trillion cubic feet of gas.

The license area has a history of successful drilling that de-risks the project significantly. The Puk Puk-1 well, for instance, tested at a powerful flow rate of 71 million cubic feet per day in 2009. This historical data provides a solid technical foundation for the company’s development strategy, transforming the question from “if” there is gas to “how” it can be commercialized efficiently.

An Integrated Strategy in a Major LNG Hub

Robinson Energy is not simply aiming to prove out a resource; it is pursuing a comprehensive regional gas development strategy. The company's vision involves an integrated approach encompassing field development, the construction of gathering and pipeline infrastructure, and tapping into both the lucrative LNG export market and growing domestic demand within Papua New Guinea.

This strategy is well-timed. Papua New Guinea is a major player in the global LNG market, strategically located to supply key North Asian markets like Japan, China, and South Korea with shorter shipping times than many competitors. The country is home to the massive PNG LNG project, operated by ExxonMobil, which has been successfully exporting since 2014. A second major project, Papua LNG, led by TotalEnergies, is advancing towards a final investment decision, further cementing the nation's role as an energy powerhouse.

Robinson Energy's plans appear to align with the PNG government’s stated interest in fostering gas aggregation initiatives in the country’s Western Region, where PRL 62 is located. By developing infrastructure that could potentially serve other nearby discoveries, Robinson could position itself as a key enabler of regional growth, creating value beyond its own license block.

Leadership, Risks, and the Investment Horizon

Helming this ambitious venture is a management team with direct and relevant experience. President and CEO J. Cameron Bailey has over 30 years in the energy sector and, crucially, previously led High Arctic Energy Services, a company with significant operational history in Papua New Guinea. This hands-on experience in the country’s unique operating environment is a critical asset. He is supported by a board that includes R. Bradley Hurtubise, who also brings executive experience from a PNG-focused energy company.

Despite the promising asset and experienced leadership, the path forward is not without challenges. As a newly listed junior, Robinson Energy will need to secure significant financing to fund its multi-stage development, pipeline, and LNG commercialization plans. Operating in Papua New Guinea also carries inherent risks, including regulatory shifts, as the government seeks a greater share of revenue from its natural resources, and the need to navigate complex community relations and environmental stewardship.

Investors will be weighing this immense potential against the volatility of the energy markets and the operational risks of frontier development. However, with global long-term demand for LNG projected to grow, particularly in Asia, Robinson Energy is positioning itself with the right asset in the right neighborhood at a potentially pivotal moment for global energy supply.