Category: Middle East

  • Rush of diplomatic calls follow Trump’s offer to join potential Russia-Ukraine talks

    Source: Government of India

    Source: Government of India (4)

    U.S. and European diplomats went on a flurry of calls in the hours after U.S. President Donald Trump offered on Monday to join prospective Ukraine-Russia talks later this week, trying to find a path that would bring an end to the war in Ukraine.

    Trump’s surprise offer to join the talks on Thursday in Istanbul came a day after Ukrainian President Volodymyr Zelenskiy, in a fresh twist to the stop-start peace talks process, said he would travel Turkey and wait to meet President Vladimir Putin there.

    After Trump’s announcement, U.S. Secretary of State Marco Rubio discussed the “way forward for a ceasefire” in Ukraine with European counterparts, including the foreign ministers of Britain and France, and the EU’s foreign policy chief, the State Department said on Monday.

    Ukraine’s Foreign Minister Andrii Sybiha and his German and Polish counterparts were also on the call, according to the readout.

    Russian Foreign Minister Sergei Lavrov held talks late on Monday with his Turkish counterpart Hakan Fidan to discuss Moscow’s direct talks with Kyiv – a proposal that came from Putin at the weekend, the Russian foreign ministry said.

    It remained unclear who would travel from Moscow to Istanbul to take part in the direct talks, which would be the first between the two sides since the early days of the war that Russia launched with its invasion on Ukraine in February 2022.

    There has been no response from the Kremlin to Zelenskiy’s offer to meet Putin in Istanbul and Moscow was yet to comment on Trump’s offer to join the talks.

    If Zelenskiy and Putin, who make no secret of their contempt for each other, were to meet on Thursday it would be their first face-to-face meeting since December 2019.

    “Don’t underestimate Thursday in Turkey,” Trump told reporters at the White House on Monday.

    Trump’s current schedule has him visiting Saudi Arabia, the United Arab Emirates and Qatar this week.

    Ukraine and its European allies have been seeking to put pressure on Moscow to accept an unconditional 30-day ceasefire from Monday, with the leaders of four major European powers travelling to Kyiv on Saturday to show unity with Zelenskiy.

    Earlier on Monday, the German government said Europe would start preparing new sanctions against Russia unless the Kremlin by the end of the day started abiding by the ceasefire.

    Ukraine’s military said on Monday that fighting along parts of the frontline in the country’s east was at the same intensity it would be if there were no ceasefire.

    Putin called the Western European and Ukrainian demands for a ceasefire “ultimatums” that the Kremlin said on Monday are for Russia an unacceptable language.

    Konstantin Kosachev, chairman of the international affairs committee of the Federation Council, the upper house of Russia’s parliament, told the Izvestia media outlet in remarks published on Tuesday that the talks between Moscow and Kyiv can move further than they did in the 2022.

    “If the Ukrainian delegation shows up at these talks with a mandate to abandon any ultimatums and look for common ground, I am sure that we could move forward even further than we did,” Izvestia cited Kosachev as saying.

    (Reuters)

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    Source: GlobeNewswire (MIL-OSI)

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    Disclaimer and Affiliate Disclosure

    Disclaimer

    Online gambling involves financial risk. Ensure you’re at least 19 years old and comply with the legal regulations in your area. Gamble responsibly, and always refer to 7Bit Casino’s official website for the most up-to-date terms, promotions, and payment options.

    General Disclaimer

    This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

    Casino and Gambling Disclaimer

    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure

    This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/646e2335-c4fb-402a-8b56-c92d58745217

    https://www.globenewswire.com/NewsRoom/AttachmentNg/95172b07-9194-4b2c-aadd-e0e787a754e7

    The MIL Network

  • MIL-OSI Asia-Pac: Algernon Yau to attend APEC mtg

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau will depart Qatar for Jeju in Korea today to attend the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) Meeting.

               

    With “Building a Sustainable Tomorrow” as its theme, those taking part in the APEC meeting, scheduled for May 15 and 16, will discuss topics under the three priorities of “Connect, Innovate, Prosper”.

     

    Mr Yau will participate in thematic sessions and meet trade ministers of other member economies to exchange views on issues of mutual interest on the sidelines of the MRT Meeting.

               

    He will return to Hong Kong on May 17. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 13, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 13, 2025.

    The dreaded beep test: outdated or still a valid assessment of your fitness?
    Source: The Conversation (Au and NZ) – By Joel Garrett, Lecturer in Exercise Science and Physiology, Griffith University For many, the beep test is seared into memory. And not just the test itself, but the wave of dread that came before hearing that first beep in school physical education (PE) classes. Also known as the

    Liberals elect first woman leader, with Ley defeating Taylor 29-25
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The federal Liberal party has elected its first female leader, with Sussan Ley narrowly defeating Angus Taylor, 29-25. Ley, 63, who was deputy leader to Peter Dutton during the last term, had the support of the moderates in the party.

    Don’t click without thinking – and 4 other ways to keep yourself safe from scams
    Source: The Conversation (Au and NZ) – By Meena Jha, Head Technology and Pedagogy Cluster CML-NET, CQUniversity Australia tete_escape/Shutterstock Think about how many things you have done online today. Paid a bill? Logged into your bank account? Used social media or spent time answering emails? Maybe you have used your phone to pay at a

    Community-run food co-ops can reduce food insecurity and boost healthy diets, research shows
    Source: The Conversation (Au and NZ) – By Katherine Kent, Senior Lecturer in Nutrition and Dietetics, University of Wollongong alicja neumiler/Shutterstock As grocery prices continue to rise, many Australians are struggling to afford healthy food and are looking for alternatives to the big supermarket chains. The recent supermarkets inquiry, run by the Australian Competition and

    Indigenous Kanaks support New Caledonia’s 50-year ban on seabed mining
    By Andrew Mathieson New Caledonia has imposed a 50-year ban on deep-sea mining across its entire maritime zone in a rare and sweeping move that places the French Pacific territory among the most restricted exploration areas on the planet’s waters. The law blocks commercial exploration, prospecting and mining of mineral resources that sits within Kanaky

    As insurance gets harder to buy, NZ has 3 choices for disaster recovery – and we keep choosing the worst one
    Source: The Conversation (Au and NZ) – By Ilan Noy, Chair in the Economics of Disasters and Climate Change, Te Herenga Waka — Victoria University of Wellington The number of climate change-related extreme weather events) is on the rise, making it harder for many people to buy affordable home insurance. The industry has already signalled

    Pope Leo XIV expresses solidarity for ‘persecuted’ journalists seeking truth, calls for their freedom
    By Devin Watkins of Vatican News Only four days have passed since his election to the papacy, and Pope Leo XIV has made it a point to hold an audience with the men and women who were in Rome to report on the death of Pope Francis, the conclave, and the first days of his

    Free food and beer are common perks for hospitality workers – but are they masking unfairness?
    Source: The Conversation (Au and NZ) – By Olivier Oren, Associate lecturer, hospitality management, Griffith University G-Stock Studio/Shutterstock For cafe and restaurant workers, getting a free drink or meal at the end of a long shift might feel like a well-deserved reward. But could such perks – common across the industry – be masking deeper

    A looming workforce crisis in NZ tourism and hospitality threatens industry growth plans
    Source: The Conversation (Au and NZ) – By Anthony Brien, Associate Professor, Department of Global Value Chains and Trade, Lincoln University, New Zealand Getty Images Last week’s big tourism conference in Rotorua saw plenty of optimism about the industry’s potential, but also warnings that airline capacity is hampering post-COVID growth. The focus on bringing more

    From Zoo Quest to Ocean: The evolution of David Attenborough’s voice for the planet
    Source: The Conversation (Au and NZ) – By Neil J. Gostling, Associate Professor in Evolution and Palaeobiology, University of Southampton Over the course of seven decades, Sir David Attenborough’s documentaries have reshaped how we see the natural world, shifting from colonial-era collecting trips to urgent calls for environmental action. His storytelling has inspired generations, but

    Trump heads to the Gulf aiming to bolster trade ties – but side talks on Tehran, Gaza could drive a wedge between US and Israel
    Source: The Conversation (Au and NZ) – By Asher Kaufman, Professor of History and Peace Studies, University of Notre Dame President Donald Trump and Saudi Arabia’s Crown Prince Mohammed Bin Salman attend the G20 Summit in Japan in 2019. Eliot Blondet/AFP via Getty Images President Donald Trump will sit down with the Saudi crown prince

    What did the parties say on TikTok in the election, and how? Here’s the campaign broken down in 5 charts
    Source: The Conversation (Au and NZ) – By Hannah Oates, PhD Candidate, School of Social Sciences, Monash University TikTok emerged as a key battleground in an election where young voters comprised a dominant share of the electorate. All the prominent political parties used the platform – especially after tactics by Labor contributed to its electoral

    Dementia risk depends on more than lifestyle factors. Overstating this can cause stigma and blame
    Source: The Conversation (Au and NZ) – By Joyce Siette, Associate Professor | Deputy Director, The MARCS Institute, Western Sydney University Shvets Production/Pexels As public awareness of dementia grows, so too does the appetite for prevention. Global headlines tout the benefits of exercise, diet, brain training and social activity in reducing dementia risk. In recent

    Range anxiety – or charger drama? Australians are buying hybrid cars because they don’t trust public chargers
    Source: The Conversation (Au and NZ) – By Ganna Pogrebna, Executive Director, AI and Cyber Futures Institute, Charles Sturt University VisualArtStudio/Shutterstock Range anxiety has long been seen as the main obstacle stopping drivers from going electric. But range isn’t the real issue. The average range of a new electric vehicle (EV) is more than 450

    PSNA says broadcast ruling a warning to NZ news media to be wary of ‘Israeli propaganda’
    Asia Pacific Report A decision by the Broadcasting Standards Authority to uphold a complaint against a 1News broadcast last November is a warning to news media, says the Palestine Solidarity Network Aotearoa. The authority ruled that a TVNZ news item on violence in Amsterdam in the Netherlands breached BSA rules. 1News described violence in the

    If you really want to close the US trade deficit, try boosting innovation in rural manufacturing
    Source: The Conversation (Au and NZ) – By Amitrajeet A. Batabyal, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and

    Bindi Irwin was rushed to hospital for appendix surgery. But what is appendicitis?
    Source: The Conversation (Au and NZ) – By Warwick Teague, Co-group Leader, Surgical Research, Murdoch Children’s Research Institute lev radin/Shutterstock Bindi Irwin has reportedly been rushed to hospital in the United States to undergo emergency surgery for a ruptured appendix. According to brother Robert Irwin, “she’s going to be OK”, however the 26-year-old was forced

    Otago academics plan declaration on Palestine to ‘face daily horrors’
    Asia Pacific Report A group of New Zealand academics at Otago University have drawn up a “Declaration on Palestine” against genocide, apartheid and scholasticide of Palestinians by Israel that has illegally occupied their indigenous lands for more than seven decades. The document, which had already drawn more than 300 signatures from staff, students and alumni

    View from The Hill: Albanese shifts Tanya Plibersek from environment, in favour of ‘can-do’ Murray Watt
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The reshuffle announced by Anthony Albanese is a mix of continuity and change, with those in the government’s top rank staying in their previous ministries, as the prime minister had earlier flagged, but some big movements down the line. Tanya

    Genes, environment or a special bond? Why some twins talk and think in unison
    Source: The Conversation (Au and NZ) – By Jeffrey Craig, Professor in Medical Sciences, Deakin University An interview with Paula and Bridgette Powers – identical twins who witnessed their mother’s carjacking – recently went viral. The way they spoke and gestured in unison has captivated global audiences. Bridgette and Paula Powers have gained global attention

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: The ‘extroverted’ north and ‘introverted’ south: how climate and culture influence Iranian architecture

    Source: The Conversation (Au and NZ) – By Mahsa Khanpoor Siahdarka, PhD Candidate in Built Environment, RMIT University

    Shutterstock

    The architecture of northern Iran exhibits an extroverted quality. Buildings are designed to let in the sounds of rain, birds and rustling trees, as well as scents of nature.

    Architecture in this region is characterised by open structures, deep eaves, elevated wooden houses and interconnected communal spaces that resemble traditional Japanese and Far Eastern designs.

    The built environment in the south is introverted. Central Iran, particularly cities like Yazd and Isfahan, is characterised by a harsh arid climate, where architecture has evolved to minimise exposure to extreme heat and sunlight.

    The Alborz Mountain range separates the humid subtropical north from the arid south.
    Yarr65/Shutterstock

    Buildings are oriented inward, centred around enclosed courtyards and largely closed off from the street. This prioritises privacy and thermal regulation.

    Throughout the country, the intricate relationship between climate and culture has shaped architectural forms in ways that make it difficult to delineate where one influence ends and the other begins.

    The houses don’t only reflect their environment – they also reflect the role of women in these communities.

    The extroverted north

    The north of Iran, between the the Alborz Mountain range and the Caspian Sea, enjoys a humid subtropical micro-climate with dense forests and abundant greenery.

    The mountains have historically served as both a climatic and cultural barrier, moderating external influences, including Arab conquests. This allowed the region to maintain unique social and architectural characteristics for centuries.

    A traditional wooden house in northern Iran.
    Sama.GH/Shutterstock

    In the north, nature has always been seen more as a friend than a threat.

    The architecture opens itself up with wide verandas, open corridors and spaces that blur the line between inside and out.

    With humid climates and communal living traditions, there are strong architectural similarities between northern Iran and East Asia. Both regions incorporate elevated wooden structures, deep eaves and open layouts to enhance airflow and prevent moisture-related decay.

    The separation of neighbouring households was traditionally achieved through Parchin (natural or woven enclosures), which functioned as permeable boundaries while maintaining visual and social connectivity.
    Mahsa Khanpoor Siahdarka

    The integration of nature into built spaces, seen in Iranian veranda-like ayvans and Japanese engawa, reflects a philosophical alignment that prioritises harmony between architecture and the environment.

    These similarities suggest a convergent evolution. Distinct cultures independently arrived at comparable architectural solutions in response to similar climates and societies.

    The emphasis on community-based living and social interaction also reflects the role of women in agricultural, economic and social activities in northern Iran.

    The openness of homes, markets and farms contributed to women being active participants in public life.

    An alley in the traditional village Masuleh in Gilan province of northern Iran.
    Matyas Rehak/Shutterstock

    In more conservative or arid regions, architectural boundaries enforce stricter gender divisions. But here, the architecture facilitated organic interactions across gender and age groups.

    Northern Iran’s humid climate, abundant rainfall and fertile land allowed for greater agricultural and pastoral productivity. With easier access to food, water and materials, the domestic burden was reduced. This enabled women to participate more actively in public and economic life, including market trade, rice farming and animal husbandry.

    The introverted south

    The harsh desert conditions in southern and central Iran were more like an opposing force or army. The climate was something to defend against, unlike the friendlier climate of the north.

    In response, the architecture became sheltered and self-contained. Architecture in southern and central Iran relies almost entirely on earth-based materials such as mud brick (khesht), adobe and fired brick.

    Building materials are drawn directly from the surrounding soil. The architecture is deeply rooted – both literally and culturally – in its environment.

    The architecture of central Iran, like the city of Yazd, is deeply rooted in its environment.
    Jakob Fischer/Shutterstock

    Domed roofs are not only structurally efficient but also thermally responsive. At any given time, one side of the dome is shaded by its own curve, creating a cooler surface that encourages air movement and passive cooling.

    Houses are centred around courtyards that create microclimates within enclosed spaces (Bagh-e-Khaneh). High walls, minimal external windows and windcatchers (badgirs) regulate airflow while limiting solar radiation.

    The inward-facing design of these buildings historically reinforced social norms that confined women to private domestic spheres, limiting their visibility in urban life.

    The harsh desert climate, combined with cultural norms around modest clothing, often confined women to the interior spaces of the home. Architectural features which were essential for passive cooling and privacy shaped a lifestyle centred around the domestic sphere.

    Houses in central Iran are centred around courtyards that create microclimates within enclosed spaces.
    MehmetO/Shutterstock

    The demanding nature of desert life meant basic tasks like securing water, preserving food and producing textiles required significant domestic labour.

    In many desert cities like Yazd or Kashan, domestic architecture was designed to protect not just from heat, but also from public view. This meant women’s daily lives were largely contained within high-walled courtyards, internal corridors, and roofscapes. Here, women could move freely but invisibly.

    Architecture built gender segregation into the physical fabric of the city, shaping women’s roles, routines and social interactions for generations.

    Climate and culture

    The way climate and culture shape Iranian architecture is complex.

    In both northern and central Iran, buildings adapt to the environment. The humid north features open, outward-facing structures. The arid central regions rely on enclosed courtyards to manage extreme heat.

    However, climate alone does not fully explain these differences.

    Much more of life in central Iran is centred around inside spaces, to protect from the harsh environment.
    muratart/Shutterstock

    Architect Amos Rapoport argues that, while climate sets limits, culture, social structures and history play a bigger role in shaping architecture.

    In Iran, architecture does not just reflect the climate. It also shapes social spaces and gender roles.

    Buildings are more than just shelters. They influence how people live, interact, and define their communities. Understanding this relationship can help us see architecture as an evolving part of society, shaped by both nature and human choices.

    Mahsa Khanpoor Siahdarka does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. The ‘extroverted’ north and ‘introverted’ south: how climate and culture influence Iranian architecture – https://theconversation.com/the-extroverted-north-and-introverted-south-how-climate-and-culture-influence-iranian-architecture-251357

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Türkiye ready to support Russia-Ukraine peace talks at every step

    Source: People’s Republic of China – State Council News

    Turkish Foreign Minister Hakan Fidan (C), Jordanian Foreign Minister Ayman Safadi (L) and Syria’s foreign affairs chief Asaad al-Shibani attend a joint press conference in Ankara, Türkiye, on May 12, 2025. [Photo/Xinhua]

    Turkish President Recep Tayyip Erdogan held a phone conversation with his Ukrainian counterpart Volodymyr Zelensky on Monday, reiterating Türkiye’s commitment to facilitating peace negotiations between Russia and Ukraine, according to a statement by Erdogan’s office.

    Erdogan emphasized that a comprehensive ceasefire is essential to create the proper environment for initiating talks and urged all parties to seize the current window of opportunity for a diplomatic dialogue aimed at ending the conflict.

    He expressed his willingness to host the Russian and Ukrainian delegations in Türkiye on the occasion of peace negotiations.

    The call with Zelensky came just one day after Erdogan spoke with Russian President Vladimir Putin, during which the Turkish president said his country is ready to host peace talks between Russia and Ukraine in Istanbul again.

    Speaking after a cabinet meeting on Monday, Erdogan said Türkiye had become a “pivotal actor in global peace diplomacy,” citing its role in offering mediation, humanitarian aid, and conflict resolution.

    Meanwhile, Turkish Foreign Minister Hakan Fidan echoed the president’s message, stating that Türkiye is “ready to provide all kinds of contributions, especially in terms of facilitating and hosting” the Russia-Ukraine negotiations.

    During a joint press conference on Monday in Ankara with his Syrian and Jordanian counterparts, Fidan noted that discussions are still ongoing regarding the modalities of the proposed meeting.

    “Ukraine demands a ceasefire before talks begin, while Russia prefers to start negotiations prior to any truce being declared,” Fidan said, adding both sides are seeking to secure continued U.S. support.

    “Despite this, our position is clear. We invite both parties to come together as soon as possible to initiate a ceasefire,” he stated.

    In a statement to journalists at the Kremlin on Sunday, Putin proposed the resumption of direct negotiations with Ukraine on May 15 in Istanbul. Putin said Russia remains committed to serious negotiations with Ukraine to address the root causes of the ongoing conflict and lay the groundwork for a lasting and stable peace.

    In response, Zelensky said it is a positive sign that Russia has begun to consider ending the war. However, he required a ceasefire starting Monday as the first step towards the goal.

    In 2022, Russian and Ukrainian negotiators held direct talks in Istanbul but failed to reach a consensus on halting the fighting. 

    MIL OSI China News

  • MIL-OSI China: Egypt retrieves 25 smuggled artifacts from US

    Source: People’s Republic of China – State Council News

    Twenty-five historically and artistically significant artifacts, spanning multiple periods of ancient Egyptian civilization, have been repatriated from the United States to Egypt, the Egyptian Foreign Ministry announced on Monday.

    The Egyptian Consulate General in New York oversaw the return of the artifacts, which the ministry described as the largest batch of illegally smuggled antiquities recovered in recent times.

    The collection includes stone and wooden sarcophagus lids, ceramic and gilded wooden funerary masks, a large alabaster vase, and a portrait of a woman dating back to the Greco-Roman period (around 332 BC-640 AD).

    Among the recovered items are also a wide range of jewelry crafted from various metals, a rare gold coin from the reign of Ptolemy I, and small bronze and stone statues depicting aspects of ancient Egyptian beliefs and artistic traditions.

    The recovery was the result of a joint effort between the Egyptian Consulate General in New York, the related district attorney’s office in New York City, and U.S. security agencies. The operation also involved prolonged negotiations with several private collectors in possession of the artifacts.

    Additional support was provided by the relevant Egyptian authorities, including the Ministry of Tourism and Antiquities, the Cultural Sector of the Foreign Ministry, and the Public Prosecution Service.

    Egypt has intensified its global campaign in recent years to recover stolen antiquities, stepping up efforts to preserve and reclaim its ancient treasures. 

    MIL OSI China News

  • MIL-OSI New Zealand: In Gaza, nearly every single child is at risk of famine

    Source: Save The Children

    The war in Gaza and Israeli authorities’ total siege on the entry of aid and goods have pushed families to take unimaginable measures to survive, says Save the Children. Without urgent action to end the siege and to allow food and medicine into Gaza, one million children are at risk of starvation, disease and ultimately death.
    Save the Children staff members have received reports in recent days of families in northern Gaza resorting to desperate measures, including eating animal feed, expired flour and flour mixed with sand, out of desperation to survive.
    A 30-year-old father, living in northern Gaza with his pregnant wife and two-year-old child, said:
    “I don’t know how to feed my family. There’s no food. I have no choice but to eat things you would never imagine. It’s unfair. She’s weak (his daughter), constantly sick, and can’t get up. She has diarrhoea. She’s in pain from hunger. My wife is going to lose our unborn child.
    “It’s desperate here – chaos. We don’t know what awaits us. No one is living a dignified life. Why is this happening to us?”
    A 25-year-old mother of four in northern Gaza, whose children were receiving treatment for malnutrition at Save the Children’s healthcare clinic during the brief pause in fighting, said:
    “We know what hunger feels like – we’ve tasted death. Our children are just waiting their turn to die.”
    Nothing has been allowed to enter Gaza – no food, water, fuel, or medicine – since Israeli authorities imposed a total siege on 2 March 2025. Almost everyone in Gaza depends on humanitarian aid, but with supplies cut off, people have been pushed to desperate measures to survive, while trucks loaded with food sit rotting at the borders. The UN World Food Programme (WFP) and community kitchens across the strip have run out of food and been forced to halt operations.
    Save the Children’s Regional Director for the Middle East, North Africa and Eastern Europe, Ahmad Alhendawi, said:
    “This is a deliberate humanitarian catastrophe. Children are being starved by design, under Israeli authorities’ total siege. We have the food, we have the aid and we know how to treat malnutrition in children – what we don’t have is access. There is food, water, and medical aid ready to go, but it’s being blocked at the border while families are forced to eat animal feed and leaves, taking unimaginable and dehumanising measures to survive. This is not a crisis of supply; it’s a crisis of access. At any given moment in Gaza, a child, someone’s whole world, could be killed by bombs and bullets, starvation and disease. The international community must act now to open the crossings and deliver life-saving aid. We cannot stand by while an entire population is starved in plain sight.”
    Starvation as a method of warfare is strictly prohibited under international law and is codified as a war crime. The denial of humanitarian assistance is also a violation of International Humanitarian Law.
    Save the Children is running a primary healthcare centre in Deir Al-Balah providing essential services to children, mothers and families. The collapse of the pause on March 18 has made it extremely difficult for our staff to deliver nutrition services to children and families, despite the high levels of malnutrition among children under the age of five. During the month of April, we were only able to screen 574 children for acute malnutrition compared to more than 10,500 children in January during the pause. Of the children aged under two years who were screened in April, more than one in five were found to have moderate acute malnutrition or severe acute malnutrition, requiring urgent treatment.  

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: In Gaza, nearly every single child is at risk of famine – Save the Children

    Source: Save the Children

    More than 93% of the children in Gaza – about 930,000 children – are at critical risk of famine, said Save the Children, as new data from the Integrated Food Security Phase Classification (IPC), the leading international authority measuring hunger crises, reveals a spiraling hunger catastrophe [1].
    The war in Gaza and Israeli authorities’ total siege on the entry of aid and goods have pushed families to take unimaginable measures to survive, says Save the Children. Without urgent action to end the siege and to allow food and medicine into Gaza, one million children are at risk of starvation, disease and ultimately death.
    Save the Children staff members have received reports in recent days of families in northern Gaza resorting to desperate measures, including eating animal feed, expired flour and flour mixed with sand, out of desperation to survive.
    A 30-year-old father, living in northern Gaza with his pregnant wife and two-year-old child, said:
    “I don’t know how to feed my family. There’s no food. I have no choice but to eat things you would never imagine. It’s unfair. She’s weak (his daughter), constantly sick, and can’t get up. She has diarrhoea. She’s in pain from hunger. My wife is going to lose our unborn child.
    “It’s desperate here – chaos. We don’t know what awaits us. No one is living a dignified life. Why is this happening to us?”
    A 25-year-old mother of four in northern Gaza, whose children were receiving treatment for malnutrition at Save the Children’s healthcare clinic during the brief pause in fighting, said:
    “We know what hunger feels like – we’ve tasted death. Our children are just waiting their turn to die.”
    Nothing has been allowed to enter Gaza – no food, water, fuel, or medicine – since Israeli authorities imposed a total siege on 2 March 2025. Almost everyone in Gaza depends on humanitarian aid, but with supplies cut off, people have been pushed to desperate measures to survive, while trucks loaded with food sit rotting at the borders. The UN World Food Programme (WFP) and community kitchens across the strip have run out of food and been forced to halt operations.
    Save the Children’s Regional Director for the Middle East, North Africa and Eastern Europe, Ahmad Alhendawi, said:
    “This is a deliberate humanitarian catastrophe. Children are being starved by design, under Israeli authorities’ total siege. We have the food, we have the aid and we know how to treat malnutrition in children – what we don’t have is access. There is food, water, and medical aid ready to go, but it’s being blocked at the border while families are forced to eat animal feed and leaves, taking unimaginable and dehumanising measures to survive. This is not a crisis of supply; it’s a crisis of access. At any given moment in Gaza, a child, someone’s whole world, could be killed by bombs and bullets, starvation and disease. The international community must act now to open the crossings and deliver life-saving aid. We cannot stand by while an entire population is starved in plain sight.”
    Starvation as a method of warfare is strictly prohibited under international law and is codified as a war crime. The denial of humanitarian assistance is also a violation of International Humanitarian Law.
    Save the Children is running a primary healthcare centre in Deir Al-Balah providing essential services to children, mothers and families. The collapse of the pause on March 18 has made it extremely difficult for our staff to deliver nutrition services to children and families, despite the high levels of malnutrition among children under the age of five. During the month of April, we were only able to screen 574 children for acute malnutrition compared to more than 10,500 children in January during the pause. Of the children aged under two years who were screened in April, more than one in five were found to have moderate acute malnutrition or severe acute malnutrition, requiring urgent treatment.
    [1] The Integrated Food Security Phase Classification (IPC) provides a common scale for classifying the severity and magnitude of food shortage and acute malnutrition. According to the IPC report released today (12 May), almost all (93%) of Gaza’s 2.1 million people are already enduring “crisis levels” of hunger (IPC Phase 3) or worse. Among them, almost a quarter of a million people are facing catastrophic, “famine-like conditions”, while nearly half the population is in a state of “emergency” hunger. 

    MIL OSI New Zealand News

  • MIL-OSI China: OCA General Assembly opens in Kuwait

    Source: People’s Republic of China – State Council News

    International Olympic Committee (IOC) president Thomas Bach said Asia has “a special place in my heart” at the opening ceremony of the 45th General Assembly of the Olympic Council of Asia (OCA) in Kuwait on Sunday.

    Bach, addressing the assembly for the final time before his tenure ends in 2025, highlighted Asia’s pivotal role in his leadership.

    Yao Ming, China’s basketball icon, speaks during the opening ceremony of the 45th General Assembly of the Olympic Council of Asia (OCA) in Kuwait City, Kuwait, May 11, 2025. International Olympic Committee (IOC) president Thomas Bach said Asia has “a special place in my heart” at the opening ceremony of the 45th General Assembly of the Olympic Council of Asia (OCA) in Kuwait on Sunday. (Photo by Asad/Xinhua)

    Bach credited three consecutive Asian-hosted Olympic Games – PyeongChang 2018, Tokyo 2020, and Beijing 2022 – as the “defining chapter” of his presidency, praising the continent’s resilience amid global challenges.

    “Asia always has and always will have a special place in my heart,” said Bach, who was awarded the OCA Order of Merit, lauded the Asian Games as a “model of success” for other continental bodies.

    In his welcome address at the Sheikh Jaber Al-Ahmad Cultural Center, OCA first vice president Timothy Fok Tsun-ting described Kuwait as the “heartbeat” of the OCA, emphasizing Asia’s collective achievements.

    “The Opening Ceremony and General Assembly will display not only the unity of Asia but also the diversity of Asia, the spirit of Asia and pride of Asia,” Fok stated, calling the event a milestone in building a “brighter future” for the continent’s sports movement.

    Chinese basketball icon Yao Ming, a guest speaker, reflected on the Olympics’ unifying power, recalling his experience at Sydney 2000.

    “Sports can overcome hurdles, break down barriers, and unite the youth of the world behind one common goal,” said the NBA Hall of Famer.

    IOC president-elect Kirsty Coventry and the president of the Kuwaiti Olympic Committee, Sheikh Fahad Nasser Sabah Al-Ahmad Al-Sabah, also attended the two-day conference.

    MIL OSI China News

  • MIL-Evening Report: Pope Leo XIV expresses solidarity for ‘persecuted’ journalists seeking truth, calls for their freedom

    By Devin Watkins of Vatican News

    Only four days have passed since his election to the papacy, and Pope Leo XIV has made it a point to hold an audience with the men and women who were in Rome to report on the death of Pope Francis, the conclave, and the first days of his own ministry.

    He met media professionals in the Vatican’s Paul VI Hall yesterday, and thanked reporters in Italian for their tireless work over these intense few weeks.

    The newly-elected Pope began his remarks with a call for communication to foster peace by caring for how people and events are presented.

    He invited media professionals to promote a different kind of communication, one that “does not seek consensus at all costs, does not use aggressive words, does not follow the culture of competition, and never separates the search for truth from the love with which we must humbly seek it.”

    “The way we communicate is of fundamental importance,” he said. “We must say ‘no’ to the war of words and images; we must reject the paradigm of war.”

    Solidarity with persecuted journalists
    The Pope went on to reaffirm the Church’s solidarity with journalists who have been imprisoned for reporting the truth, and he called for their release.

    He said their suffering reminded the world of the importance of the freedom of expression and the press, adding that “only informed individuals can make free choices”.

    Service to the truth
    Pope Leo XIV then thanked reporters for their service to the truth, especially their work to present the Church in the “beauty of Christ’s love” during the recent interregnum period.

    He commended their work to put aside stereotypes and clichés, in order to share with the world “the essence of who we are”.


    Pope Leo XIV calls for release of journalists imprisoned for ‘seeking truth’   Video: France 24

    Our times, he continued, present many issues that were difficult to recount and navigate, noting that they called each of us to overcome mediocrity.

    Facing the challenges of our times
    “The Church must face the challenges posed by the times,” he said. “In the same way, communication and journalism do not exist outside of time and history.

    “Saint Augustine reminds of this when he said, ‘Let us live well, and the times will be good. We are the times’.”

    Pope Leo XIV said the modern world could leave people lost in a “confusion of loveless languages that are often ideological or partisan.”

    The media, he said, must take up the challenge to lead the world out of such a “Tower of Babel,” through the words we use and the style we adopt.

    “Communication is not only the transmission of information,” he said, “but it is also the creation of a culture, of human and digital environments that become spaces for dialogue and discussion.”

    AI demands responsibility and discernment
    Pointing to the spread of artificial intelligence, the Pope said AI’s “immense potential” required “responsibility and discernment in order to ensure that it can be used for the good of all, so that it can benefit all of humanity”.

    Pope Leo XIV also repeated Pope Francis’ message for the 2025 World Day of Social Communication.

    “Let us disarm communication of all prejudice and resentment, fanaticism and even hatred,” he said. “Let us disarm words, and we will help disarm the world.”

    The Paris-based global media freedom watchdog Reporters Without Borders (RSF) welcomed the Pope’s commitment and has issued five concrete recommendations to the new head of the Catholic Church and Vatican City.

    As censorship, misinformation and violence against journalists are on the rise worldwide, RSF has called on the Holy See to maintain a strong, committed voice for press freedom and the protection of journalists everywhere.

    “The fact that one of Pope Leo XIV’s first speeches addressed press freedom and the protection of journalists sends a strong signal to news professionals around the world. RSF salutes Pope Leo XIV’s commitment to press freedom and calls on him to build on his declaration with concrete actions to promote the right to information,” said RSF director-generalThibaut Bruttin.

    In his first Sunday noon blessing, Pope Leo XIV called for genuine peace in Ukraine and an immediate ceasefire in Israel’s war on Gaza.

    “No more war,” the pontiff said, adding a warning against “the dramatic scenario of a third world war being fought piecemeal.”

    Devin Watkins writes for Vatican News. Republished under Creative Commons.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Murphy, Schatz, Coons, Booker Joint Statement On Qatar Luxury Jet Gift To Trump

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    May 12, 2025

    WASHINGTON—U.S. Senators Chris Murphy (D-Conn.), Brian Schatz (D-Hawaii), Chris Coons (D-Del.), and Cory Booker (D-N.J.), all members of the U.S. Senate Foreign Relations Committee, on Monday released the following joint statement on reports that President Trump will accept a luxury jet valued at $400 million from the royal family of Qatar. According to reports, Trump intends to designate the plane as Air Force One while in office and then transfer it to a foundation for personal use following the end of his term.
    “The Constitution is clear: elected officials, like the president, cannot accept large gifts from foreign governments without consent from Congress.
    “Air Force One is more than just a plane — it’s a symbol of the presidency and of the United States itself. Any president who accepts this kind of gift, valued at $400 million, from a foreign government creates a clear conflict of interest, raises serious national security questions, invites foreign influence, and undermines public trust in our government. No one — not even the president — is above the law.
    “This week, we will ask the Senate to vote to reiterate a basic principle: no one should use public service for personal gain through foreign gifts.”
    Last month, Murphy delivered a floor speech outlining the series of corrupt acts that have defined Trump’s second term—including selling White House access for his family’s personal profit, using federal agencies to line his own pockets, and systematically dismantling key anti-corruption protections.

    MIL OSI USA News

  • MIL-OSI China: Ancelotti to leave Real Madrid to coach Brazil

    Source: People’s Republic of China – State Council News

    Carlo Ancelotti has been appointed manager of Brazil’s national team on a deal that runs until the 2026 FIFA World Cup, the Brazilian Football Confederation (CBF) said on Monday.

    The 65-year-old will leave his current role at Real Madrid after the club’s last La Liga match of the season against Real Sociedad on May 25.

    Carlo Ancelotti looks on before the FIFA Intercontinental Cup Qatar 2024 Final match between Real Madrid and Mexico’s CF Pachuca at Lusail Stadium on Dec. 18, 2024. (Photo by Nikku/Xinhua)

    “The greatest national team in the history of football will now be led by the most successful coach in the world,” the CBF said in a statement.

    It added that the Italian would officially begin his tenure with the five-time World Cup champion on May 26.

    Ancelotti replaces Dorival Junior, who was sacked on March 28 following Brazil’s 4-1 World Cup qualifying defeat to Argentina in Buenos Aires.

    The CBF had reportedly also considered former Chelsea, Inter Milan and Real Madrid boss Jose Mourinho, ex-Benfica manager Jorge Jesus and current Palmeiras head coach Abel Ferreira for the role.

    Ancelotti, whose 30-year managerial career has included spells at Juventus, AC Milan, Chelsea, Paris Saint-Germain, Bayern Munich and Real Madrid, among other clubs, becomes the first foreign manager of Brazil’s national team.

    “Bringing Carlo Ancelotti to lead Brazil is more than a strategic move. It is a statement to the world that we are determined to reclaim the top spot on the podium,” CBF president Ednaldo Rodrigues said.

    “He is the greatest coach in history and now he is leading the greatest national team on the planet. Together, we will write new glorious chapters for Brazilian football,” Rodrigues added.

    Ancelotti won 15 trophies across two spells as Real Madrid manager and last season led the Spanish club to a Champions League and La Liga double.

    Brazil is currently fourth in the 10-team South American World Cup qualifying group, 10 points behind leader Argentina with four matchdays remaining.

    The top six teams will earn an automatic place at football’s showpiece tournament in the United States, Mexico and Canada next year. The seventh-ranked side will advance to an intercontinental playoff.

    MIL OSI China News

  • MIL-OSI: HighPeak Energy, Inc. Announces First Quarter 2025 Financial and Operating Results – AMENDED

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, May 12, 2025 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced amended financial and operating results for the quarter ended March 31, 2025, provided an updated 2025 development outlook and increased production guidance. Please note that in the Unaudited Condensed Consolidated Statements of Cash Flows table, the amount of Repayments under Term Loan Credit Agreement for 2025 was amended from (120,000) to (30,000). The amended release follows:

    First Quarter 2025 Highlights

    • Sales volumes averaged approximately 53.1 thousand barrels of crude oil equivalent per day (“MBoe/d”), representing a 6% increase from the fourth quarter 2024.
    • Net income was $36.3 million, or $0.26 per diluted share and EBITDAX (a non-GAAP financial measure defined and reconciled below) was $197.3 million, or $1.40 per diluted share. First quarter 2025 adjusted net income (a non-GAAP financial measure defined and reconciled below) was $42.7 million, or $0.31 per diluted share.
    • Lease operating expenses averaged $6.61 per Boe, excluding workover expenses, representing a 3% decrease compared to the fourth quarter 2024.
    • Generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $10.7 million, reduced long-term debt by $30 million and paid $0.04 per share in dividends.
    • Realized increased drilling and completion efficiency gains, which translated to drilling and completing four additional wells during the first quarter.

    Recent Events

    • Narrowed 2025 production guidance range and increased the midpoint.
    • On May 12, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.04 per common share outstanding payable in June 2025.

    Statement from Jack Hightower, Chairman and CEO:

    In March, we discussed our four pillars of success for 2025 which include: 1) improving corporate efficiency, 2) maintaining capital discipline, 3) optimizing our capital structure, and 4) delivering shareholder value. I would like to take this opportunity to update our shareholders on where we stand and the progress we have made to date.

    Improving Corporate Efficiency
    HighPeak delivered another strong quarter of results, beating production guidance and consensus estimates, while also realizing higher levels of operating efficiencies in our development program. We drilled over 25% faster than our previous expectations, which translated to drilling and completing four additional wells during the first quarter. We are running smoother and more efficiently than ever before, while continuing to keep development costs in line with internal expectations.

    Maintaining Capital Discipline
    Due to the global economic uncertainty and its impact on oil prices, we have moderated our development program by laying down one rig for four months, May through August. Despite the pause, we remain on track to drill and complete the same number of wells in our 2025 guidance because of the gains made through operational efficiencies.

    As detailed on our March conference call, the majority of our 2025 infrastructure capex was first-quarter weighted. Factoring in drilling and completing four additional wells, we accomplished an outsized portion of our planned annual development activity during the first quarter. Going forward, we expect our quarterly capital expenditures to be materially lower and the total for the year to fall within our 2025 guided capex range. Although our operations are running much more efficiently, this is not the proper time to accelerate development activity from our original plan. Additionally, we have complete flexibility from a land and operations perspective to reduce the budget and leave a rig down for longer than the current plan if conditions warrant.

    Optimizing our Capital Structure
    We remain committed to optimizing our capital structure and remain poised to execute our plan once the market has stabilized. We are in a healthy financial position with no near-term debt maturities and are taking proactive steps to keep our balance sheet strong as we navigate this turbulent market.

    Shareholder Value
    Given the current global macro-economic backdrop, this is a time to remain nimble and prudent, which our high-quality asset base allows. As large owners of the Company, management is fully aligned with shareholders and has a long-term outlook on value creation. While markets may be volatile, it is important to remember the fundamental value of our asset base is still strong.

    First Quarter 2025 Operational Update

    HighPeak’s sales volumes during the first quarter of 2025 averaged 53.1 MBoe/d, a six percent increase over the fourth quarter 2024. First quarter sales volumes consisted of approximately 72% crude oil and 86% liquids.

    The Company averaged two drilling rigs and one frac crew during the first quarter, drilled 16 gross (16.0 net) horizontal wells and turned-in-line 13 gross (12.9 net) producing wells. On March 31, 2025, the Company had 28 gross (28.0 net) horizontal wells in various stages of drilling and completion.

    The Company updated its 2025 production guidance range to 48,000 – 50,500 Boe/d.

    HighPeak President, Michael Hollis, commented, “Our strong first quarter production is allowing us to narrow our guided range and increase the midpoint. This speaks to our strong well performance and the high quality of our long lived oily inventory. As seen in the last few commodity price cycles, HighPeak is realizing deflationary cost pressures on both the capex and opex fronts. With our increased operational efficiency, we are doing more with less and at a lower overall cost.”

    First Quarter 2025 Financial Results

    HighPeak reported net income of $36.3 million for the first quarter of 2025, or $0.26 per diluted share, and EBITDAX of $197.3 million, or $1.40 per diluted share. HighPeak reported adjusted net income of $42.7 million for the first quarter of 2025, or $0.31 per diluted share.

    First quarter average realized prices were $71.64 per Bbl of crude oil, $24.21 per Bbl of NGL and $2.34 per Mcf of natural gas, resulting in an overall realized price of $53.84 per Boe, or 75% of the weighted average of NYMEX crude oil prices, excluding the effects of derivatives. HighPeak’s cash costs for the first quarter were $11.94 per Boe, including lease operating expenses of $6.61 per Boe, workover expenses of $0.83 per Boe, production and ad valorem taxes of $3.17 per Boe and G&A expenses of $1.33 per Boe. As a result, the Company’s unhedged EBITDAX per Boe was $41.90 per Boe, or 78% of the overall realized price per Boe for the quarter, excluding the effects of derivatives.

    HighPeak’s first quarter 2025 capital expenditures to drill, complete, equip, provide facilities and for infrastructure were $179.8 million.

    Hedging

    Crude oil. As of March 31, 2025, HighPeak had the following outstanding crude oil derivative instruments and the weighted average crude oil prices and premiums payable per Bbl:

                          Swaps     Collars, Enhanced Collars
    & Deferred
    Premium Puts
     
    Settlement
    Month
      Settlement
    Year
      Type of
    Contract
      Bbls
    Per
    Day
      Index   Price per
    Bbl
        Floor or
    Strike
    Price per
    Bbl
        Ceiling
    Price per
    Bbl
        Deferred
    Premium
    Payable
    per Bbl
     
    Crude Oil:                                                  
    Apr – Jun   2025   Swap     5,500   WTI Cushing   $ 76.37     $     $     $  
    Apr – Jun   2025   Collar     7,989   WTI Cushing   $     $ 64.38     $ 88.55     $ 2.00  
    Apr – Jun   2025   Put     9,000   WTI Cushing   $     $ 65.78     $     $ 5.00  
    Jul – Sep   2025   Swap     3,000   WTI Cushing   $ 75.85     $     $     $  
    Jul – Sep   2025   Collar     7,000   WTI Cushing   $     $ 65.00     $ 90.08     $ 2.28  
    Jul – Sep   2025   Put     9,000   WTI Cushing   $     $ 65.78     $     $ 5.00  
    Oct – Dec   2025   Collar     5,000   WTI Cushing   $     $ 60.00     $ 72.80     $  
    Jan – Mar   2026   Collar     5,000   WTI Cushing   $     $ 60.00     $ 72.80     $  
     

    The Company’s crude oil derivative contracts detailed above are based on reported settlement prices on the New York Mercantile Exchange for West Texas Intermediate pricing.

    Natural gas. As of March 31, 2025, the Company had the following outstanding natural gas derivative instruments and the weighted average natural gas prices payable per MMBtu.

    Settlement Month   Settlement
    Year
      Type of
    Contract
      MMBtu
    Per Day
      Index   Price per
    MMBtu
     
    Natural Gas:                          
    Apr – Jun   2025   Swap     30,000   HH   $ 4.43  
    Jul – Sep   2025   Swap     30,000   HH   $ 4.43  
    Oct – Dec   2025   Swap     30,000   HH   $ 4.43  
    Jan – Mar   2026   Swap     19,667   HH   $ 4.43  
     

    HighPeak added the following natural gas swaps in April 2025.

    Settlement Month   Settlement
    Year
      Type of
    Contract
      MMBtu
    Per Day
      Index   Price per
    MMBtu
     
    Natural Gas:                          
    Jan – Mar   2026   Swap     10,333   HH   $ 4.30  
    Apr – Jun   2026   Swap     30,000   HH   $ 4.30  
    Jul – Sep   2026   Swap     30,000   HH   $ 4.30  
    Oct – Dec   2026   Swap     30,000   HH   $ 4.30  
    Jan – Mar   2027   Swap     19,667   HH   $ 4.30  
     

    Dividends

    During the first quarter of 2025, HighPeak’s Board of Directors approved a quarterly dividend of $0.04 per share, or $5.0 million in dividends paid to stockholders during the quarter. In addition, in May 2025, the Company’s Board of Directors declared a quarterly dividend of $0.04 per share, or approximately $5.0 million in dividends, to be paid on June 25, 2025, to stockholders of record on June 2, 2025. 

    Conference Call

    HighPeak will host a conference call and webcast on Tuesday, May 13, 2025, at 10:00 a.m. Central Time for investors and analysts to discuss its results for the first quarter of 2025. Conference call participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be available on the HighPeak Energy website at www.highpeakenergy.com under the “Investors” section of the website. A replay will also be available on the website following the call.

    When available, a copy of the Company’s earnings release, investor presentation and Quarterly Report on Form 10-Q may be found on its website at www.highpeakenergy.com.

    About HighPeak Energy, Inc.

    HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at www.highpeakenergy.com.

    Cautionary Note Regarding Forward-Looking Statements

    The information in this press release contains forward-looking statements that involve risks and uncertainties. When used in this document, the words “believes,” “plans,” “expects,” “anticipates,” “forecasts,” “intends,” “continue,” “may,” “will,” “could,” “should,” “future,” “potential,” “estimate” or the negative of such terms and similar expressions as they relate to HighPeak Energy, Inc. (“HighPeak Energy” or the “Company”) are intended to identify forward-looking statements, which are generally not historical in nature. The forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. Although the Company believes that the expectations and assumptions reflected in the forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond the Company’s control. For example, the Company’s review of strategic alternatives may not result in a sale of the Company, a recommendation that a transaction occur or result in a completed transaction, and any transaction that occurs may not increase shareholder value, in each case as a result of such risks and uncertainties.

    These risks and uncertainties include, among other things, the results of the strategic review being undertaken by the Company’s Board and the interest of prospective counterparties, the Company’s ability to realize the results contemplated by its 2025 guidance, volatility of commodity prices, political instability or armed conflicts in crude or natural gas producing regions such as the ongoing war between Russia and Ukraine or Israel and Hamas, product supply and demand, the impact of a widespread outbreak of an illness, such as the coronavirus disease pandemic, on global and U.S. economic activity, competition, OPEC+ policy decisions, potential new trade policies, such as tariffs, could adversely affect the Company’s operations, business and profitability, inflationary pressures on costs of oilfield goods, services and personnel, the ability to obtain environmental and other permits and the timing thereof, other government regulation or action, the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms, litigation, the costs and results of drilling and operations, availability of equipment, services, resources and personnel required to perform the Company’s drilling and operating activities, access to and availability of transportation, processing, fractionation, refining and storage facilities, HighPeak Energy’s ability to replace reserves, implement its business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of counterparties to any credit facility and derivative contracts entered into by HighPeak Energy, if any, and purchasers of HighPeak Energy’s oil, natural gas liquids and natural gas production, uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future, the assumptions underlying forecasts, including forecasts of production, expenses, cash flow from sales of oil and gas and tax rates, quality of technical data, environmental and weather risks, including the possible impacts of climate change, cybersecurity risks and acts of war or terrorism. These and other risks are described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and other filings with the SEC. The Company undertakes no duty to publicly update these statements except as required by law.

    Reserve engineering is a process of estimating underground accumulations of hydrocarbons that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. Reserves estimates included herein may not be indicative of the level of reserves or PV-10 value of oil and natural gas production in the future. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions could impact HighPeak’s strategy and change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.

    Use of Projections

    The financial, operational, industry and market projections, estimates and targets in this press release and in the Company’s guidance (including production, operating expenses and capital expenditures in future periods) are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company’s control. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial, operational, industry and market projections, estimates and targets, including assumptions, risks and uncertainties described in “Cautionary Note Regarding Forward-Looking Statements” above. These projections are speculative by their nature and, accordingly, are subject to significant risk of not being actually realized by the Company. Projected results of the Company for 2025 are particularly speculative and subject to change. Actual results may vary materially from the current projections, including for reasons beyond the Company’s control. The projections are based on current expectations and available information as of the date of this release. The Company undertakes no duty to publicly update these projections except as required by law.

    Drilling Locations

    The Company has estimated its drilling locations based on well spacing assumptions and upon the evaluation of its drilling results and those of other operators in its area, combined with its interpretation of available geologic and engineering data. The drilling locations actually drilled on the Company’s properties will depend on the availability of capital, regulatory approvals, commodity prices, costs, actual drilling results and other factors. Any drilling activities conducted on these identified locations may not be successful and may not result in additional proved reserves. Further, to the extent the drilling locations are associated with acreage that expires, the Company would lose its right to develop the related locations.

    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Balance Sheet Data
    (In thousands)
        March 31,
    2025
      December 31,
    2024
     
    Current assets:              
    Cash and cash equivalents   $ 51,619     $ 86,649    
    Accounts receivable     78,356       85,242    
    Inventory     8,706       10,952    
    Prepaid expenses     8,301       4,587    
    Derivative instruments     5,620       7,582    
    Total current assets     152,602       195,012    
    Crude oil and natural gas properties, using the successful efforts method of accounting:              
    Proved properties     4,140,881       3,959,545    
    Unproved properties     71,359       70,868    
    Accumulated depletion, depreciation and amortization     (1,293,949 )     (1,184,684 )  
    Total crude oil and natural gas properties, net     2,918,291       2,845,729    
    Other property and equipment, net     3,141       3,201    
    Other noncurrent assets     19,047       19,346    
    Total assets   $ 3,093,081     $ 3,063,288    
                   
    Current liabilities:              
    Current portion of long-term debt, net   $ 120,000     $ 120,000    
    Accounts payable – trade     66,473       74,011    
    Accrued capital expenditures     53,240       35,170    
    Revenues and royalties payable     27,993       26,838    
    Other accrued liabilities     22,065       22,196    
    Derivative instruments     8,275       5,380    
    Operating leases     821       719    
    Advances from joint interest owners           316    
    Total current liabilities     298,867       284,630    
    Noncurrent liabilities:              
    Long-term debt, net     902,844       928,384    
    Deferred income taxes     242,337       232,398    
    Asset retirement obligations     15,058       14,750    
    Operating leases     581       670    
    Commitments and contingencies              
                   
    Stockholders’ equity              
    Common stock     13       13    
    Additional paid-in capital     1,166,786       1,166,609    
    Retained earnings     466,595       435,834    
    Total stockholders’ equity     1,633,394       1,602,456    
    Total liabilities and stockholders’ equity   $ 3,093,081     $ 3,063,288    
     
    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Statements of Operations
    (in thousands)
        Quarter Ended March 31,
     
        2025   2024
     
    Operating revenues:            
    Crude oil sales   $ 246,424     $ 282,369    
    NGL and natural gas sales     11,024       5,395    
    Total operating revenues     257,448       287,764    
    Operating costs and expenses:            
    Crude oil and natural gas production     35,562       30,271    
    Production and ad valorem taxes     15,152       14,402    
    Exploration and abandonments     264       498    
    Depletion, depreciation and amortization     109,325       130,850    
    Accretion of discount     244       239    
    General and administrative     6,345       4,685    
    Stock-based compensation     177       3,798    
    Total operating costs and expenses     167,069       184,743    
    Other expense           1    
    Income from operations     90,379       103,020    
    Interest income     810       2,392    
    Interest expense     (36,988 )     (43,634 )  
    Loss on derivative instruments, net     (7,927 )     (53,043 )  
    Income before income taxes     46,274       8,735    
    Provision for income taxes     9,939       2,297    
    Net income   $ 36,335     $ 6,438    
                 
    Earnings per share:            
    Basic net income   $ 0.26     $ 0.05    
    Diluted net income   $ 0.26     $ 0.05    
                 
    Weighted average shares outstanding:            
    Basic     123,913       125,696    
    Diluted     127,213       129,641    
                 
    Dividends declared per share   $ 0.04     $ 0.04    
     
    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (in thousands)
        Quarter Ended March 31,
     
        2025
      2024
     
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net income   $ 36,335     $ 6,438    
    Adjustments to reconcile net income to net cash provided by operations:            
    Provision for deferred income taxes     9,939       1,688    
    Loss on derivative instruments     7,927       53,043    
    Cash paid on settlement of derivative instruments     (3,071 )     (5,148 )  
    Amortization of debt issuance costs     2,034       2,053    
    Amortization of discounts on long-term debt     2,426       2,453    
    Stock-based compensation expense     177       3,798    
    Accretion expense     244       239    
    Depletion, depreciation and amortization     109,325       130,850    
    Exploration and abandonment expense     4       274    
    Changes in operating assets and liabilities:            
    Accounts receivable     6,886       (14,414 )  
    Prepaid expenses, inventory and other assets     (1,314 )     (4,722 )  
    Accounts payable, accrued liabilities and other current liabilities     (13,860 )     (5,113 )  
    Net cash provided by operating activities     157,052       171,439    
    CASH FLOWS FROM INVESTING ACTIVITIES:            
    Additions to crude oil and natural gas properties     (179,819 )     (147,698 )  
    Changes in working capital associated with crude oil and natural gas property additions     25,172       1,705    
    Acquisitions of crude oil and natural gas properties     (2,517 )     (2,171 )  
    Proceeds from sales of properties     570          
    Other property additions           (59 )  
    Net cash used in investing activities     (156,594 )     (148,223 )  
    CASH FLOWS FROM FINANCING ACTIVITIES:            
    Repayments under Term Loan Credit Agreement     (30,000 )     (30,000 )  
    Dividends paid     (4,957 )     (5,050 )  
    Dividend equivalents paid     (531 )     (530 )  
    Repurchased shares under buyback program           (8,764 )  
    Debt issuance costs           (7 )  
    Net cash used in financing activities     (35,488 )     (44,351 )  
    Net decrease in cash and cash equivalents     (35,030 )     (21,135 )  
    Cash and cash equivalents, beginning of period     86,649       194,515    
    Cash and cash equivalents, end of period   $ 51,619     $ 173,380    
     
    HighPeak Energy, Inc.
    Unaudited Summary Operating Highlights
        Quarter Ended March 31,  
        2025   2024  
    Average Daily Sales Volumes:              
    Crude oil (Bbls)     38,222       39,959    
    NGLs (Bbls)     7,724       5,147    
    Natural gas (Mcf)     43,096       27,733    
    Total (Boe)     53,128       49,729    
                   
    Average Realized Prices (excluding effects of derivatives):              
    Crude oil per Bbl   $ 71.64     $ 77.65    
    NGL per Bbl   $ 24.21     $ 24.94    
    Natural gas per Mcf   $ 2.34     $ 1.33    
    Total per Boe   $ 53.84     $ 63.59    
                   
    Margin Data ($ per Boe):              
    Average price, excluding effects of derivatives   $ 53.84     $ 63.59    
    Lease operating expenses     (6.61 )     (6.30 )  
    Expense workovers     (0.83 )     (0.39 )  
    Production and ad valorem taxes     (3.17 )     (3.18 )  
    General and administrative expenses     (1.33 )     (1.04 )  
        $ 41.90     $ 52.68    
     
    HighPeak Energy, Inc.
    Unaudited Earnings Per Share Details
        Quarter Ended March 31,  
        2025   2024  
    Net income as reported   $ 36,335     $ 6,438    
    Participating basic earnings     (3,542 )     (605 )  
    Basic earnings attributable to common shareholders     32,793       5,833    
    Reallocation of participating earnings     47       1    
    Diluted net income attributable to common shareholders   $ 32,840     $ 5,834    
                   
    Basic weighted average shares outstanding     123,913       125,696    
    Dilutive warrants and unvested stock options     1,146       1,786    
    Dilutive unvested restricted stock     2,154       2,159    
    Diluted weighted average shares outstanding     127,213       129,641    
                   
    Net income per share attributable to common shareholders:              
    Basic   $ 0.26     $ 0.05    
    Diluted   $ 0.26     $ 0.05    
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Income to EBITDAX, Discretionary Cash Flow and Net Cash Provided by Operations
    (in thousands)
     
        Quarter Ended March 31,  
        2025   2024  
    Net income   $ 36,335     $ 6,438    
    Interest expense     36,988       43,634    
    Interest income     (810 )     (2,392 )  
    Income tax expense     9,939       2,297    
    Depletion, depreciation and amortization     109,325       130,850    
    Accretion of discount     244       239    
    Exploration and abandonment expense     264       498    
    Stock based compensation     177       3,798    
    Derivative related noncash activity     4,856       47,895    
    Other expense           1    
    EBITDAX     197,318       233,258    
    Cash interest expense     (32,528 )     (39,128 )  
    Other (a)     550       1,558    
    Discretionary cash flow     165,340       195,688    
    Changes in operating assets and liabilities     (8,288 )     (24,249 )  
    Net cash provided by operating activities   $ 157,052     $ 171,439    
    (a)     Includes interest income net of current tax expense, other expense and operating portion of exploration and abandonment expenses.
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Cash Provided by Operations and Free Cash Flow
    (in thousands)
        Quarter Ended March 31,  
        2025   2024  
    Net cash provided by operating activities   $ 157,052     $ 171,439    
    Add back: net change in operating assets and liabilities     8,288       24,249    
    Operating cash flow before working capital changes     165,340       195,688    
    Additions to crude oil and natural gas properties     (179,819 )     (147,698 )  
    Changes in working capital associated with crude oil and natural gas property additions     25,172       1,705    
    Free cash flow   $ 10,693     $ 49,695    
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Income to Adjusted Net Income
    (in thousands, except per share data)
        Quarter Ended
    March 31, 2025
     
        Amounts   Amounts per Diluted Share  
    Net income   $ 36,335     $ 0.26    
    Derivative loss, net     7,927       0.06    
    Stock-based compensation     177       0.00    
    Income tax adjustment for above items *     (1,741 )     (0.01 )  
                       
    Adjusted net income   $ 42,698     $ 0.31    
                   
    * Assuming 21% statutory tax rate              
     

    Investor Contact:

    Ryan Hightower
    Vice President, Business Development
    817.850.9204
    rhightower@highpeakenergy.com

    Source: HighPeak Energy, Inc.

    The MIL Network

  • MIL-OSI USA: Reed Statement on Qatar Gifting Luxury Plane to President Trump

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    WASHINGTON, DC – Today, after President Trump announced that he would accept a luxury plane as a gift from the Qatari royal family to be used as Air Force One, U.S. Senator Jack Reed (D-RI), the Ranking Member of the Senate Armed Services Committee, issued the following statement:
    “For President Trump to even consider accepting a luxury plane as a gift from Qatar, a foreign government with its own strategic interests, is an appalling breach of ethical standards. Such a gesture represents a blatant conflict of interest and undermines the integrity of American leadership. The President would also be in clear violation of the Emoluments Clause, a provision in the U.S. Constitution that prohibits federal officials from accepting gifts or financial benefits from any foreign state without the consent of Congress.
    “Even more alarming is the suggestion that this aircraft could be used as Air Force One, which would pose immense counterintelligence risks by granting a foreign nation potential access to sensitive systems and communications. This reckless disregard for national security and diplomatic propriety signals a dangerous willingness to barter American interests for personal gain. It is an affront to the office of the presidency and a betrayal of the trust placed in any U.S. leader to safeguard the nation’s sovereignty.”

    MIL OSI USA News

  • MIL-OSI Russia: Hamas Frees Israeli-American Hostage Edan Alexander

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    GAZA, May 12 (Xinhua) — The Izzedine al-Qassam Brigades, the militant wing of the Palestinian Hamas movement, said in a press statement on Monday that it had released hostage Edan Alexander, a dual US-Israeli citizen, from the southern Gaza Strip.

    E. Alexander was handed over to a team of representatives of the International Committee of the Red Cross at a specially designated location in the city of Khan Yunis, Hamas sources said. He was then transported to a buffer zone controlled by the Israeli army, after which he was taken to the Raim military base in the south of the Jewish state.

    Unlike previous hostage transfers, the current transfer was carried out in a non-public manner and without the presence of armed groups, the sources said. –0–

    MIL OSI Russia News

  • MIL-OSI: Vital Energy Reports First-Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    TULSA, OK, May 12, 2025 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported first-quarter 2025 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference call to discuss results is planned for 7:30 a.m. CT, Tuesday, May 13, 2025. A webcast will be available through the Company’s website.

    First-Quarter 2025 Highlights

    • Reduced total and Net Debt1 by $145.0 million and $133.5 million, respectively, through free cash flow, net changes in working capital, and the sale of non-core assets
    • Reported a net loss of $18.8 million, Adjusted Net Income1 of $89.5 million and cash flow from operating activities of $351.0 million
    • Generated Consolidated EBITDAX1 of $359.7 million and Adjusted Free Cash Flow1 of $64.5 million
    • Reported in-line capital investments of $252.7 million, excluding non-budgeted acquisitions and leasehold expenditures
    • Reported lease operating expense (“LOE”) of $103.5 million or $8.20 per BOE, beating guidance
    • Produced 140.2 thousand barrels of oil equivalent per day (“MBOE/d”) and oil of 64.9 thousand barrels of oil per day (“MBO/d”), within guidance

    “Our first quarter performance highlights the quality of our inventory and the ongoing success of our optimization efforts,” said Jason Pigott, President and Chief Executive Officer. “Our team is focused on generating sustainable efficiency gains and lower costs across our business and delivering on our targets for Adjusted Free Cash Flow and debt reduction.”

    “Our hedge position for the remainder of the year has reduced our near-term price risks and today we have about 90% of our expected oil production swapped at around $71 per barrel WTI,” continued Pigott. “The quality of our assets and structure of our services contracts provide tremendous flexibility in how we choose to allocate future capital. We are closely monitoring commodity prices and services costs and have multiple options to quickly adjust our plans.”

    First-Quarter 2025 Financial and Operations Summary

    Financial Results. The Company had a net loss of $18.8 million, or $(0.50) per diluted share. Results were impacted by a non-cash pre-tax impairment loss on oil and gas properties of $158.2 million. Adjusted Net Income1 was $89.5 million, or $2.37 per adjusted diluted share. Cash flows from operating activities were $351.0 million and Consolidated EBITDAX1 was $359.7 million.

    _____________________
    1Non-GAAP financial measure; please see supplemental reconciliations of GAAP to non-GAAP financial measures at the end of this release.

    The impairment was the result of the full cost ceiling limitation, driven in part by the decline in the trailing 12-month oil price calculation, and excludes the value of $145.9 million for the Company’s commodity derivative positions and only includes the 185 proved undeveloped locations in the Company’s reserve report out of approximately 925 inventory locations.

    Non-core Divestiture. On March 6, 2025, Vital Energy closed on the sale of non-core assets in Reagan County for $20.5 million, including transaction expenses. The assets comprised approximately 9,100 net acres, production of 1,300 BOE/d (12% oil) and did not include any of the Company’s inventory locations. As a result of the sale, Vital Energy’s asset retirement obligation will be reduced by $8.4 million.

    Production. Vital Energy’s total and oil production averaged 140,159 BOE/d and 64,893 BO/d, respectively, with both exceeding the midpoint of guidance. Results were driven by accelerated TIL’s on wells drilled in the southern Delaware Basin.

    Capital Investments. Total capital investments, excluding non-budgeted acquisitions and leasehold expenditures, were $253 million, within guidance, and include drilling efficiencies that pulled forward capital into the quarter.

    Investments included $218 million in drilling and completions, $21 million in infrastructure investments, $8 million in other capitalized costs and $6 million in land, exploration and data-related costs.

    Operating Expenses. LOE was 12% below guidance midpoint at $103.5 million, or $8.20 per BOE. The beat was related to actual expenses on the Point Energy assets being lower than initial estimates in both the fourth quarter of 2024 and first-quarter 2025 and lower workover activity in the period.

    General and Administrative (“G&A”) Expenses. Total G&A expenses were below guidance at $22.7 million, or $1.80 per BOE.

    Liquidity. At March 31, 2025, the Company had $735 million outstanding on its $1.5 billion senior secured credit facility and cash and cash equivalents of $29 million.

    As of May 8, 2025, through its regular semi-annual redetermination process, the Company’s lenders have set the senior secured credit facility’s borrowing base and elected commitment at $1.4 billion, a $100 million reduction from the prior amount of $1.5 billion.

    2025 Outlook

    Vital Energy remains committed to maximizing cash flow and reducing debt. Cash flows are supported by its significant hedge position, with ~90% of expected oil production for the remainder of the year swapped at an average WTI price of $70.61 per barrel.

    While the Company today reiterated its full-year 2025 outlook, it is closely monitoring commodity prices and service costs and has significant flexibility to adjust its development plans, should market conditions warrant, with no rig or completions contracts extending beyond March 2026.

    For full-year 2025, the Company expects to generate approximately $265 million of Adjusted Free Cash Flow at current oil prices of ~$59 per barrel WTI, inclusive of hedging proceeds, and to reduce Net Debt by approximately $300 million, inclusive of proceeds from the non-core asset sale in March.

    Second-Quarter 2025 Guidance

    The table below reflects the Company’s guidance for production and capital investments.

       
      2Q-25E
    Total production (MBOE/d) 133.0 – 139.0
    Oil production (MBO/d) 61.0 – 65.0
    Capital investments, excluding non-budgeted acquisitions ($ MM) $215 – $245
       
       

    The table below reflects the Company’s guidance for select revenue and expense items.

       
      2Q-25E
    Average sales price realizations (excluding derivatives):  
    Oil (% of WTI) 101%
    NGL (% of WTI) 24%
    Natural gas (% of Henry Hub) 14%
       
    Net settlements received (paid) for matured commodity derivatives ($ MM):  
    Oil $69
    NGL $3
    Natural gas $21
       
    Selected average costs & expenses:  
    Lease operating expenses ($ MM) $112 – $118
    Production and ad valorem taxes (% of oil, NGL and natural gas sales revenues) 6.60%
    Oil transportation and marketing expenses ($ MM) $10.7 – $11.7
    Gas gathering, processing and transportation expenses ($ MM) $6.7 – $7.7
    General and administrative expenses (excluding LTIP and transaction expenses, $ MM) $21.0 – $22.5
    General and administrative expenses (LTIP cash, $ MM) $0.6 – $0.7
    General and administrative expenses (LTIP non-cash, $ MM) $3.0 – $3.5
    Depletion, depreciation and amortization ($ MM) $180 – $190
       

    Conference Call Details

    Vital Energy plans to host a conference call at 7:30 a.m. CT on Tuesday, May 13, 2025, to discuss its first-quarter 2025 financial and operating results. Supplemental slides will be posted to the Company’s website. Interested parties are invited to listen to the call via the Company’s website at www.vitalenergy.com, under the tab for “Investor Relations | News & Presentations | Upcoming Events.”

    About Vital Energy

    Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Vital Energy’s business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas.

    Additional information about Vital Energy may be found on its website at www.vitalenergy.com.

    Forward-Looking Statements
    This press release and any oral statements made regarding the contents of this release, including in the conference call referenced herein, contain forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities that Vital Energy assumes, plans, expects, believes, intends, projects, indicates, enables, transforms, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events. Such statements are not guarantees of future performance and involve risks, assumptions and uncertainties.

    General risks relating to Vital Energy include, but are not limited to: the volatility of oil, NGL and natural gas prices, including the Company’s area of operation in the Permian Basin; changes, uncertainty and instability in domestic and global production, supply and demand for oil, NGL and natural gas, and actions by the Organization of the Petroleum Exporting Countries members and other oil exporting nations (“OPEC+”); changes in general economic, business or industry conditions and market volatility, including as a result of slowing growth, inflationary pressures, monetary policy, tariffs, trade barriers, price and exchange controls and other regulatory requirements, including such changes that may be implemented by the United States (“U.S.”) and foreign governments; the Company’s ability to execute its strategies, including its ability to successfully identify and consummate strategic acquisitions at purchase prices that are accretive to its financial results and to successfully integrate acquired businesses, assets and properties; the Company’s ability to optimize spacing, drilling and completions techniques in order to maximize its rate of return, cash flows from operations and stockholder value; the ongoing instability and uncertainty in the U.S. and international energy, financial and consumer markets that could adversely affect the liquidity available to the Company and its customers and the demand for commodities, including oil, NGL and natural gas; competition in the oil and gas industry; the Company’s ability to discover, estimate, develop and replace oil, NGL and natural gas reserves and inventory; insufficient transportation capacity in the Permian Basin and challenges associated with such constraint, and the availability and costs of sufficient gathering, processing, storage and export capacity; a decrease in production levels which may impair the Company’s ability to meet its contractual obligations and ability to retain its leases; risks associated with the uncertainty of potential drilling locations and plans to drill in the future; the inability of significant customers to meet their obligations; revisions to the Company’s reserve estimates as a result of changes in commodity prices, decline curves and other uncertainties; the availability and costs of drilling and production equipment, supplies, labor and oil and natural gas processing and other services; ongoing war and political instability in Ukraine, Israel and the Middle East and the effects of such conflicts on the global hydrocarbon market and supply chains; risks related to the geographic concentration of the Company’s assets; the Company’s ability to hedge commercial risk, including commodity price volatility, and regulations that affect the Company’s ability to hedge such risks; the Company’s ability to continue to maintain the borrowing capacity under its Senior Secured Credit Facility or access other means of obtaining capital and liquidity, especially during periods of sustained low commodity prices; the Company’s ability to comply with restrictions contained in its debt agreements, including its Senior Secured Credit Facility and the indentures governing its senior unsecured notes, as well as debt that could be incurred in the future; the Company’s ability to generate sufficient cash to service its indebtedness, fund its capital requirements and generate future profits; drilling and operating risks, including but not limited to, risks related to hydraulic fracturing, securing sufficient electricity to produce its wells without limitation, natural disasters and other matters beyond the Company’s control; U.S. and international economic conditions and legal, tax, political and administrative developments, including the effects of energy, trade and environmental policies and existing and future laws and government regulations; the Company’s ability to comply with federal, state and local regulatory requirements; the impact of repurchases, if any, of securities from time to time; the Company’s ability to maintain the health and safety of, as well as recruit and retain, qualified personnel, including senior management or other key personnel, necessary to operate its business; evolving cybersecurity risks such as those involving unauthorized access, denial-of-service attacks, third-party service provider failures, malicious software, data privacy breaches by employees, insiders or others with authorized access, cyber or phishing attacks, ransomware, social engineering, physical breaches or other actions; and the Company’s belief that the outcome of any current legal proceedings will not materially affect its financial results and operations, and other factors, including those and other risks described in its Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Annual Report”), subsequent Quarterly Reports on Form 10-Q and those set forth from time to time in other filings with the Securities and Exchange Commission (“SEC”). These documents are available through Vital Energy’s website at www.vitalenergy.com under the tab “Investor Relations” or through the SEC’s Electronic Data Gathering and Analysis Retrieval System at www.sec.gov. Any of these factors could cause Vital Energy’s actual results and plans to differ materially from those in the forward-looking statements. Therefore, Vital Energy can give no assurance that its future results will be as estimated. Any forward-looking statement speaks only as of the date on which such statement is made. Vital Energy does not intend to, and disclaims any obligation to, correct, update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release and any accompanying disclosures include financial measures that are not in accordance with generally accepted accounting principles (“GAAP”), such as Adjusted Free Cash Flow, Adjusted Net Income, Net Debt and Consolidated EBITDAX. While management believes that such measures are useful for investors, they should not be used as a replacement for financial measures that are in accordance with GAAP. For a reconciliation of such non-GAAP financial measures to the nearest comparable measure in accordance with GAAP, please see the supplemental financial information at the end of this press release.

    Unless otherwise specified, references to “average sales price” refer to average sales price excluding the effects of the Company’s derivative transactions.

    All amounts, dollars and percentages presented in this press release are rounded and therefore approximate.

       
     
       
       
       
     
       
    Vital Energy, Inc.
    Selected operating data
       
     
       
       
      Three months ended March 31,
        2025       2024
      (unaudited)
    Sales volumes:      
    Oil (MBbl)   5,840       5,327
    NGL (MBbl)   3,484       2,934
    Natural gas (MMcf)   19,742       18,534
    Oil equivalent (MBOE)(1)   12,614       11,349
    Average daily oil equivalent sales volumes (BOE/d)(1)   140,159       124,719
    Average daily oil sales volumes (Bbl/d)(1)   64,893       58,534
    Average sales prices(1):      
    Oil ($/Bbl)(2) $ 72.31     $ 78.06
    NGL ($/Bbl)(2) $ 17.72     $ 16.05
    Natural gas ($/Mcf)(2) $ 1.38     $ 0.98
    Average sales price ($/BOE)(2) $ 40.54     $ 42.39
    Oil, with commodity derivatives ($/Bbl)(3) $ 75.78     $ 74.95
    NGL, with commodity derivatives ($/Bbl)(3) $ 17.09     $ 15.92
    Natural gas, with commodity derivatives ($/Mcf)(3) $ 1.52     $ 1.41
    Average sales price, with commodity derivatives ($/BOE)(3) $ 42.18     $ 41.60
    Selected average costs and expenses per BOE sold(1):      
    Lease operating expenses $ 8.20     $ 9.32
    Production and ad valorem taxes   2.63       2.70
    Oil transportation and marketing expenses   0.80       0.87
    Gas gathering, processing and transportation expenses   0.54       0.21
    General and administrative (excluding LTIP and transaction expenses)   1.56       2.11
    Total selected operating expenses $ 13.73     $ 15.21
    General and administrative (LTIP):      
    LTIP cash $ (0.02 )   $ 0.17
    LTIP non-cash $ 0.26     $ 0.28
    General and administrative (transaction expenses) $     $ 0.03
    Depletion, depreciation and amortization $ 15.05     $ 14.64

    ____________________

    (1) The numbers presented are calculated based on actual amounts and may not recalculate using the rounded numbers presented in the table above.
    (2) Price reflects the average of actual sales prices received when control passes to the purchaser/customer adjusted for quality, certain transportation fees, geographical differentials, marketing bonuses or deductions and other factors affecting the price received at the delivery point.
    (3) Price reflects the after-effects of the Company’s commodity derivative transactions on its average sales prices. The Company’s calculation of such after-effects includes settlements of matured commodity derivatives during the respective periods.
       
             
    Vital Energy, Inc.
    Consolidated balance sheets
             
    (in thousands, except share data)   March 31,
    2025
      December 31,
    2024
        (unaudited)
    Assets        
    Current assets:        
    Cash and cash equivalents   $ 28,649     $ 40,179  
    Accounts receivable, net     254,343       299,698  
    Derivatives     100,497       101,474  
    Other current assets     24,757       25,205  
    Total current assets     408,246       466,556  
    Property and equipment:        
    Oil and natural gas properties, full cost method:        
    Evaluated properties     13,842,969       13,587,040  
    Unevaluated properties not being depleted     213,610       242,792  
    Less: accumulated depletion and impairment     (9,308,110 )     (8,966,200 )
    Oil and natural gas properties, net     4,748,469       4,863,632  
    Midstream and other fixed assets, net     127,815       134,265  
    Property and equipment, net     4,876,284       4,997,897  
    Derivatives     53,211       34,564  
    Operating lease right-of-use assets     99,055       104,329  
    Deferred income taxes     241,698       239,685  
    Other noncurrent assets, net     32,999       35,915  
    Total assets   $ 5,711,493     $ 5,878,946  
    Liabilities and stockholders’ equity        
    Current liabilities:        
    Accounts payable and accrued liabilities   $ 163,362     $ 185,115  
    Accrued capital expenditures     115,626       95,593  
    Undistributed revenue and royalties     193,175       187,563  
    Operating lease liabilities     59,853       73,143  
    Other current liabilities     75,636       59,725  
    Total current liabilities     607,652       601,139  
    Long-term debt, net     2,310,268       2,454,242  
    Derivatives           5,814  
    Asset retirement obligations     74,999       82,941  
    Operating lease liabilities     30,760       26,733  
    Other noncurrent liabilities     5,309       7,506  
    Total liabilities     3,028,988       3,178,375  
    Commitments and contingencies        
    Stockholders’ equity:        
    Preferred stock, $0.01 par value, 50,000,000 shares authorized and zero issued as of March 31, 2025 and December 31, 2024            
    Common stock, $0.01 par value, 80,000,000 shares authorized, and 38,701,810 and 38,144,248 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     387       381  
    Additional paid-in capital     3,824,006       3,823,241  
    Accumulated deficit     (1,141,888 )     (1,123,051 )
    Total stockholders’ equity     2,682,505       2,700,571  
    Total liabilities and stockholders’ equity   $ 5,711,493     $ 5,878,946  
                     
         
    Vital Energy, Inc.
    Consolidated statements of operations
         
        Three months ended March 31,
    (in thousands, except per share data)     2025       2024  
        (unaudited)
    Revenues:        
    Oil sales   $ 422,332     $ 415,784  
    NGL sales     61,739       47,075  
    Natural gas sales     27,338       18,245  
    Other operating revenues     771       1,235  
    Total revenues     512,180       482,339  
    Costs and expenses:        
    Lease operating expenses     103,485       105,728  
    Production and ad valorem taxes     33,225       30,614  
    Oil transportation and marketing expenses     10,120       9,833  
    Gas gathering, processing and transportation expenses     6,756       2,376  
    General and administrative     22,680       29,356  
    Depletion, depreciation and amortization     189,900       166,107  
    Impairment expense     158,241        
    Other operating expenses, net     1,913       1,018  
    Total costs and expenses     526,320       345,032  
    Gain (loss) on disposal of assets, net     110       130  
    Operating income (loss)     (14,030 )     137,437  
    Non-operating income (expense):        
    Gain (loss) on derivatives, net     44,171       (152,147 )
    Interest expense     (50,380 )     (43,421 )
    Gain (loss) on extinguishment of debt, net           (25,814 )
    Other income (expense), net     353       2,065  
    Total non-operating income (expense), net     (5,856 )     (219,317 )
    Income (loss) before income taxes     (19,886 )     (81,880 )
    Income tax benefit (expense)     1,049       15,749  
    Net income (loss)     (18,837 )     (66,131 )
    Preferred stock dividends           (349 )
    Net income (loss) available to common stockholders   $ (18,837 )   $ (66,480 )
    Net income (loss) per common share:        
    Basic   $ (0.50 )   $ (1.87 )
    Diluted   $ (0.50 )   $ (1.87 )
    Weighted-average common shares outstanding:        
    Basic     37,577       35,566  
    Diluted     37,577       35,566  
                     
         
    Vital Energy, Inc.
    Consolidated statements of cash flows
         
        Three months ended March 31,
    (in thousands)     2025       2024  
        (unaudited)
    Cash flows from operating activities:        
    Net income (loss)   $ (18,837 )   $ (66,131 )
    Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
    Share-settled equity-based compensation, net     3,604       3,501  
    Depletion, depreciation and amortization     189,900       166,107  
    Impairment expense     158,241        
    Mark-to-market on derivatives:        
    (Gain) loss on derivatives, net     (44,171 )     152,147  
    Settlements received (paid) for matured derivatives, net     20,687       (9,000 )
    (Gain) loss on extinguishment of debt, net           25,814  
    Deferred income tax (benefit) expense     (1,811 )     (16,924 )
    Other, net     9,551       5,402  
    Changes in operating assets and liabilities:        
    Accounts receivable, net     45,355       (51,475 )
    Other current assets     10       (5,646 )
    Other noncurrent assets, net     (3,634 )     (357 )
    Accounts payable and accrued liabilities     (21,754 )     (9,064 )
    Undistributed revenue and royalties     5,612       (12,865 )
    Other current liabilities     16,099       (21,347 )
    Other noncurrent liabilities     (7,867 )     (1,572 )
    Net cash provided by (used in) operating activities     350,985       158,590  
    Cash flows from investing activities:        
    Acquisitions of oil and natural gas properties, net     (1,636 )     (4,380 )
    Capital expenditures:        
    Oil and natural gas properties     (229,612 )     (195,372 )
    Midstream and other fixed assets     (1,825 )     (5,085 )
    Proceeds from dispositions of capital assets, net of selling costs     21,044       125  
    Other investing activities     (93 )     (952 )
    Net cash provided by (used in) investing activities     (212,122 )     (205,664 )
    Cash flows from financing activities:        
    Borrowings on Senior Secured Credit Facility     150,000       130,000  
    Payments on Senior Secured Credit Facility     (295,000 )      
    Issuance of senior unsecured notes           800,000  
    Extinguishment of debt           (453,518 )
    Stock exchanged for tax withholding     (3,923 )     (3,411 )
    Payments for debt issuance costs           (15,721 )
    Other, net     (1,470 )     (1,012 )
    Net cash provided by (used in) financing activities     (150,393 )     456,338  
    Net increase (decrease) in cash and cash equivalents     (11,530 )     409,264  
    Cash and cash equivalents, beginning of period     40,179       14,061  
    Cash and cash equivalents, end of period   $ 28,649     $ 423,325  
                     

    Vital Energy, Inc.
    Supplemental reconciliations of GAAP to non-GAAP financial measures

    Non-GAAP financial measures

    The non-GAAP financial measures of Adjusted Free Cash Flow, Adjusted Net Income, Consolidated EBITDAX, Net Debt and Net Debt to Consolidated EBITDAX, as defined by the Company, may not be comparable to similarly titled measures used by other companies. Furthermore, these non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP measures of liquidity or financial performance, but rather should be considered in conjunction with GAAP measures, such as net income or loss, operating income or loss or cash flows from operating activities.

    Adjusted Free Cash Flow

    Adjusted Free Cash Flow is a non-GAAP financial measure that the Company defines as net cash provided by (used in) operating activities (GAAP) before net changes in operating assets and liabilities and transaction expenses related to non-budgeted acquisitions, less capital investments, excluding non-budgeted acquisition costs. Management believes Adjusted Free Cash Flow is useful to management and investors in evaluating operating trends in its business that are affected by production, commodity prices, operating costs and other related factors. There are significant limitations to the use of Adjusted Free Cash Flow as a measure of performance, including the lack of comparability due to the different methods of calculating Adjusted Free Cash Flow reported by different companies.

    This release also includes certain forward-looking non-GAAP measures. Due to the forward-looking nature of such measures, no reconciliations of these non-GAAP measures to their respective most directly comparable GAAP measure are available without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various reconciling items that would impact the most directly comparable forward-looking GAAP financial measure, that have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted. Accordingly, such reconciliations are excluded from this release. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

    The following table presents a reconciliation of net cash provided by (used in) operating activities (GAAP) to Adjusted Free Cash Flow (non-GAAP) for the periods presented:

         
        Three months ended March 31,
    (in thousands)     2025     2024  
        (unaudited)
    Net cash provided by (used in) operating activities   $ 350,985   $ 158,590  
    Less:        
    Net changes in operating assets and liabilities     33,821     (102,326 )
    General and administrative (transaction expenses)         (332 )
    Cash flows from operating activities before net changes in operating assets and liabilities and transaction expenses related to non-budgeted acquisitions     317,164     261,248  
    Less capital investments, excluding non-budgeted acquisition costs:        
    Oil and natural gas properties(1)     251,264     213,265  
    Midstream and other fixed assets(1)     1,407     4,635  
    Total capital investments, excluding non-budgeted acquisition costs     252,671     217,900  
    Adjusted Free Cash Flow (non-GAAP)   $ 64,493   $ 43,348  

    ____________________

    (1) Includes capitalized share-settled equity-based compensation and asset retirement costs.
       

    Adjusted Net Income

    Adjusted Net Income is a non-GAAP financial measure that the Company defines as net income or loss (GAAP) plus adjustments for mark-to-market on derivatives, premiums paid or received for commodity derivatives that matured during the period, organizational restructuring expenses, impairment expense, gains or losses on disposal of assets, income taxes, other non-recurring income and expenses and adjusted income tax expense. Management believes Adjusted Net Income helps investors in the oil and natural gas industry to measure and compare the Company’s performance to other oil and natural gas companies by excluding from the calculation items that can vary significantly from company to company depending upon accounting methods, the book value of assets and other non-operational factors.

    The following table presents a reconciliation of net income (loss) (GAAP) to Adjusted Net Income (non-GAAP) for the periods presented:

         
        Three months ended March 31,
    (in thousands, except per share data)     2025       2024  
        (unaudited)
    Net income (loss)   $ (18,837 )   $ (66,131 )
    Plus:        
    Mark-to-market on derivatives:        
    (Gain) loss on derivatives, net     (44,171 )     152,147  
    Settlements received (paid) for matured derivatives, net     20,687       (9,000 )
    Impairment expense     158,241        
    (Gain) loss on disposal of assets, net     (110 )     (130 )
    (Gain) loss on extinguishment of debt, net           25,814  
    Income tax (benefit) expense     (1,049 )     (15,749 )
    General and administrative (transaction expenses)           332  
    Adjusted income before adjusted income tax expense     114,761       87,283  
    Adjusted income tax expense(1)     (25,247 )     (19,202 )
    Adjusted Net Income (non-GAAP)   $ 89,514     $ 68,081  
    Net income (loss) per common share:        
    Basic   $ (0.50 )   $ (1.87 )
    Diluted   $ (0.50 )   $ (1.87 )
    Adjusted Net Income per common share:        
    Basic   $ 2.38     $ 1.91  
    Diluted   $ 2.38     $ 1.91  
    Adjusted diluted   $ 2.37     $ 1.84  
    Weighted-average common shares outstanding:        
    Basic     37,577       35,566  
    Diluted     37,577       35,566  
    Adjusted diluted     37,736       36,922  

    _____________________

    (1) Adjusted income tax expense is calculated by applying a statutory tax rate of 22% for each of the periods ended March 31, 2025 and 2024.
       

    Consolidated EBITDAX

    Consolidated EBITDAX is a non-GAAP financial measure defined in the Company’s Senior Secured Credit Facility as net income or loss (GAAP) plus adjustments for share-settled equity-based compensation, depletion, depreciation and amortization, impairment expense, organizational restructuring expenses, gains or losses on disposal of assets, mark-to-market on derivatives, accretion expense, interest expense, income taxes and other non-recurring income and expenses. Consolidated EBITDAX provides no information regarding a company’s capital structure, borrowings, interest costs, capital expenditures, working capital movement or tax position. Consolidated EBITDAX does not represent funds available for future discretionary use because it excludes funds required for debt service, capital expenditures, working capital, income taxes, franchise taxes and other commitments and obligations. However, management believes Consolidated EBITDAX is useful to an investor because this measure:

    • is used by investors in the oil and natural gas industry to measure a company’s operating performance without regard to items that can vary substantially from company to company depending upon accounting methods, the book value of assets, capital structure and the method by which assets were acquired, among other factors;
    • helps investors to more meaningfully evaluate and compare the results of the Company’s operations from period to period by removing the effect of the Company’s capital structure from the Company’s operating structure; and
    • is used by management for various purposes, including (i) as a measure of operating performance, (ii) as a measure of compliance under the Senior Secured Credit Facility, (iii) in presentations to the board of directors and (iv) as a basis for strategic planning and forecasting.

    There are significant limitations to the use of Consolidated EBITDAX as a measure of performance, including the inability to analyze the effect of certain recurring and non-recurring items that materially affect the Company’s net income or loss and the lack of comparability of results of operations to different companies due to the different methods of calculating Consolidated EBITDAX, or similarly titled measures, reported by different companies. The Company is subject to financial covenants under the Senior Secured Credit Facility, one of which establishes a maximum permitted ratio of Net Debt, as defined in the Senior Secured Credit Facility, to Consolidated EBITDAX. See Note 7 in the 2025 Annual Report, to be filed with the SEC, for additional discussion of the financial covenants under the Senior Secured Credit Facility. Additional information on Consolidated EBITDAX can be found in the Company’s Eleventh Amendment to the Senior Secured Credit Facility, as filed with the SEC on September 13, 2023.

    The following table presents a reconciliation of net income (loss) (GAAP) to Consolidated EBITDAX (non-GAAP) for the periods presented:

         
        Three months ended March 31,
    (in thousands)     2025       2024  
        (unaudited)
    Net income (loss)   $ (18,837 )   $ (66,131 )
    Plus:        
    Share-settled equity-based compensation, net     3,604       3,501  
    Depletion, depreciation and amortization     189,900       166,107  
    Impairment expense     158,241        
    (Gain) loss on disposal of assets, net     (110 )     (130 )
    Mark-to-market on derivatives:        
    (Gain) loss on derivatives, net     (44,171 )     152,147  
    Settlements received (paid) for matured derivatives, net     20,687       (9,000 )
    Accretion expense     1,034       1,020  
    Interest expense     50,380       43,421  
    (Gain) loss extinguishment of debt, net           25,814  
    Income tax (benefit) expense     (1,049 )     (15,749 )
    General and administrative (transaction expenses)           332  
    Consolidated EBITDAX (non-GAAP)   $ 359,679     $ 301,332  
                     

    The following table presents a reconciliation of net cash provided by (used in) operating activities (GAAP) to Consolidated EBITDAX (non-GAAP) for the periods presented:

         
        Three months ended March 31,
    (in thousands)     2025       2024  
        (unaudited)
    Net cash provided by (used in) operating activities   $ 350,985     $ 158,590  
    Plus:        
    Interest expense     50,380       43,421  
    Current income tax (benefit) expense     762       1,175  
    Net changes in operating assets and liabilities     (33,821 )     102,326  
    General and administrative (transaction expenses)           332  
    Other, net     (8,627 )     (4,512 )
    Consolidated EBITDAX (non-GAAP)   $ 359,679     $ 301,332  
                     

    Net Debt

    Net Debt is a non-GAAP financial measure defined in the Company’s Senior Secured Credit Facility as the face value of long-term debt plus any outstanding letters of credit, less cash and cash equivalents, where cash and cash equivalents are capped at $100 million when there are borrowings on the Senior Secured Credit Facility. Management believes Net Debt is useful to management and investors in determining the Company’s leverage position since the Company has the ability, and may decide, to use a portion of its cash and cash equivalents to reduce debt.

             
    (in thousands)   March 31,
    2025
      December 31,
    2024
        (unaudited)
    Total senior unsecured notes   $ 1,600,578   $ 1,600,578
    Senior Secured Credit Facility     735,000     880,000
    Total long-term debt   $ 2,335,578   $ 2,480,578
    Less: cash and cash equivalents     28,649     40,179
    Net Debt (non-GAAP)   $ 2,306,929   $ 2,440,399
                 

    Net Debt to Consolidated EBITDAX

    Net Debt to Consolidated EBITDAX is a non-GAAP financial measure defined in the Company’s Senior Secured Credit Facility as Net Debt divided by Consolidated EBITDAX for the previous four quarters, which requires various treatment of asset transaction impacts. Net Debt to Consolidated EBITDAX is used by the Company’s management for various purposes, including as a measure of operating performance, in presentations to its board of directors and as a basis for strategic planning and forecasting.

    Investor Contact:
    Ron Hagood
    918.858.5504
    ir@vitalenergy.com

    The MIL Network

  • MIL-Evening Report: Trump heads to the Gulf aiming to bolster trade ties – but side talks on Tehran, Gaza could drive a wedge between US and Israel

    Source: The Conversation (Au and NZ) – By Asher Kaufman, Professor of History and Peace Studies, University of Notre Dame

    President Donald Trump and Saudi Arabia’s Crown Prince Mohammed Bin Salman attend the G20 Summit in Japan in 2019. Eliot Blondet/AFP via Getty Images

    President Donald Trump will sit down with the Saudi crown prince and Emirati and Qatari leaders on May 14, 2025, in what is being heavily touted as a high-stakes summit. Not invited, and watching warily, will be Israeli Prime Minister Benjamin Netanyahu.

    Like many other members of his right-wing coalition, Netanyahu appeared delighted at the election of Trump as U.S. president in November, believing that the Republican’s Middle East policies would undoubtedly favor Israeli interests and be coordinated closely with Netanyahu himself.

    But it hasn’t quite played out that way. Of course, Washington remains – certainly in official communications – Israel’s strongest global ally and chief supplier of arms. But Trump is promoting a Middle East policy that is, at times, distinctly at odds with the interests of Netanyahu and his government.

    In fact, in pushing for an Iran nuclear deal – a surprise reversal from Trump’s first administration – Trump is undermining long-held Netanyahu positions. Such is the level of alarm in Israeli right-wing circles that rumors have been circulating of Trump announcing unilateral U.S. support for a Palestinian state ahead of the Riyadh visit – something that would represent a clear departure for Washington.

    As a historian of Israel and the broader Middle East, I recognize that in key ways Trump’s agenda in Riyadh represents a continuation of the U.S. policies, notably in pursuing security relationships with Arab Gulf monarchies – something Israel has long accepted if not openly supported. But in the process, the trip could also put significant daylight between Trump and Netanyahu.

    Trump’s official agenda

    The four-day trip to the Gulf, Trump’s first policy-driven foreign visit since being elected president, is on the surface more about developing economic and security ties between the U.S. and traditional allies in the Persian Gulf.

    Trump is expected to cement trade deals worth tens of billions of dollars between the U.S. and Arab Gulf States, including unprecedented arms purchases, Gulf investments in the U.S. and even the floated Qatari gift of a palatial 747 intended for use as Air Force One.

    There is also the possibility of a security alliance between the U.S. and Saudi Arabia.

    So far, so good for Israel’s government. Prior to the Oct. 7 attacks, Israel was already in the process of forging closer ties to the Gulf states, with deals and diplomatic relations established with the United Arab Emirates and Bahrain through the Abraham Accords that the Trump administration itself facilitated in September 2020. A potential normalization of ties with Saudi Arabia was also in the offing.

    Dealing with Tehran

    But central to the agenda this week in Riyadh will be issues where Trump and Netanyahu are increasingly not on the same page. And that starts with Iran.

    While the country won’t be represented, Iran will feature heavily at Trump’s summit, as it coincides with the U.S. administration’s ongoing diplomatic talks with Tehran over its nuclear program. Those negotiations have now concluded four rounds. And despite clear challenges, American and Iranian delegations continue to project optimism about the possibility of reaching a deal.

    The approach marks a change of course for Trump, who in 2018 abandoned a similar deal to the one he is now largely looking to forge. It also suggests the U.S. is currently opposed to the idea of direct armed confrontation with Iran, against Netanayhu’s clear preference.

    Diplomacy with Tehran is also favored by Gulf states as a way of containing Iran’s nuclear ambitions. Even Saudi Arabia – Tehran’s long-term regional rival that, like Israel, opposed the Obama-era Iran nuclear diplomacy – is increasingly looking for a more cautious engagement with Iran. In April, the Saudi defense minister visited Tehran ahead of the recent U.S.-Iranian negotiations.

    Netanyahu has built his political career on the looming threat from a nuclearized Iran and the necessity to nip this threat in the bud. He unsuccessfully tried to undermine President Barack Obama’s initial efforts to reach an agreement with Iran – resulting in 2015’s Iran nuclear deal. But Netanyahu had more luck with Obama’s successor, helping convince Trump to withdraw from the agreement in 2018.

    So Trump’s about-turn on Iran talks has irked Netanyahu – not only because it happened, but because it happened so publicly. In April, the U.S. president called Netanyahu to the White House and openly embarrassed him by stating that Washington is pursuing diplomatic negotiations with Tehran.

    Split over Yemen

    A clear indication of the potential tension between the Trump administration and the Israeli government can be seen in the ongoing skirmishes involving the U.S., Israel and the Houthis in Yemen.

    After the Houthis fired a missile at the Tel Aviv airport on May 4 – leading to its closure and the cancellation of multiple international flights – Israel struck back, devastating an airport and other facilities in Yemen’s capital.

    But just a few hours after the Israeli attack, Trump announced that the U.S. would not strike the Houthis anymore, as they had “surrendered” to his demands and agreed not to block passage of U.S. ships in the Red Sea.

    It became clear that Israel was not involved in this new understanding between the U.S. and the Houthis. Trump’s statement was also notable in its timing, and could be taken as an effort to calm the region in preparation of his trip to Saudi Arabia. The fact that it might help smooth talks with Iran too – Tehran being the Houthis’ main sponsor – was likely a factor as well.

    Timing is also relevant in Israel’s latest attack on Yemeni ports. They took place on May 11 – the eve of Trump setting off for his visit to Saudi Arabia. In so doing, Netanyahu may be sending a signal not only to the Houthis but also to the U.S. and Iran. Continuing to attack the Houthis might make nuclear talks more difficult.

    Bibi’s political survival-first approach

    Critical observers of Netanyahu have long argued that he prioritizes continued war in Gaza over regional calm for the sake of holding together his far-right coalition, members of which desire full control of the Gaza Strip and de-facto annexation of the West Bank.

    Israel’s Prime Minister Benjamin Netanyahu warns of the Iran nuclear threat at the United Nations in 2012.
    Mario Tama/Getty Images

    This, many political commentators have argued, is the main reason why Netanyahu backed off from the last stage of the ceasefire agreement with Hamas in March – something which would have required the withdrawal of the Israeli army from the Gaza Strip.

    Since the collapse of the ceasefire, Israel’s army has mobilized in preparation for a renewed Gaza assault, scheduled to start after the end of Trump’s trip to the Gulf.

    With members of the Netanayhu government openly supporting the permanent occupation of the strip and declaring that bringing back the remaining Israeli hostages is no longer a top priority, it seems clear to me that deescalation is not on Netanyahu’s agenda.

    Trump himself has noted recently both the alarming state of the hostages and the grave humanitarian crisis in Gaza. Now, in addition to the release of Israeli-American hostage Edan Alexander, the U.S. is also engaged in negotiations with Hamas over ceasefire and aid – ignoring Netanyahu in the process.

    The bottom dollar

    Current U.S. policy in the region may all be serving a greater aim for Trump: to secure billions of dollars of Gulf money for the American economy and, some have said, himself. But to achieve that requires a stable Middle East, and continued war in Gaza and Iran inching closer to nuclear capabilities might disrupt that goal.

    Of course, a diplomatic agreement over Tehran’s nuclear plans is still some way off. And Trump’s foreign policy is notably prone to abrupt turns. But whether guided by a dealmaker’s instincts to pursue trade and economic deals with wealthy Gulf states, or by a genuine – and related – desire to stabilize the region, his administration is increasingly pursuing policies that go against the interests of the current Israeli government.

    Asher Kaufman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Trump heads to the Gulf aiming to bolster trade ties – but side talks on Tehran, Gaza could drive a wedge between US and Israel – https://theconversation.com/trump-heads-to-the-gulf-aiming-to-bolster-trade-ties-but-side-talks-on-tehran-gaza-could-drive-a-wedge-between-us-and-israel-256371

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Ernst Celebrates the Release of Another American Hostage

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – U.S. Senator Joni Ernst (R-Iowa), Abraham Accords Caucus co-chair, released the following statement after President Trump secured the release of American citizen Edan Alexander from the hands of Iran-backed Hamas.
    Ernst has been a fierce advocate for freeing the hostages and kept up the drumbeat to bring them home.
    “Finally, President Trump has ended Edan Alexander’s living nightmare and rescued another American held by Iran-backed Hamas,” Ernst said. “Since the brutal October 7th attack that shed American blood, I have called for our citizens’ immediate release, met with their families, told their stories, and worked with our partners to end this crisis. Now that we have a president that takes American lives seriously, the world – and especially Iran – is witnessing true leadership. I look forward to seeing the continuation of President Trump’s peace through strength in action as he travels to the Middle East, builds upon the success of the Abraham Accords, and will work with him to bring home the bodies of all our citizens.”
    Background:
    On October 7, 2023, she was in the Middle East and went to Israel just days after Iran-backed Hamas’ attacks to show her support for our ally. In the wake of the horrific terrorist assault, Ernst met with the hostage families in Israel and has remained in close contact with them. A few weeks later, Senator Ernst demanded President Biden do everything in his power to rescue the American hostages and bring them home safely.
    In January 2024, she returned to the Middle East and advocated for the release of the hostages in meetings with senior leadership and lead negotiators in Egypt, Israel, Qatar, and Bahrain. In May 2024, she was in Israel when she received reports that the United States withheld an ammunition shipment to Israel and immediately demanded answers from President Biden to hold him accountable for his “ironclad” commitment to our greatest ally in the Middle East. In August 2024, Ernst led a Congressional delegation into Israel that met with Prime Minister Netanyahu to reaffirm support for our ally in the Middle East and reiterate the importance of bringing the hostages home.
    Senator Ernst hosted Hagit and Ruby Chen, the parents of American hostage Itay Chen, as her guests for the State of the Union in 2024.
    In July 2024, Ernst led a bipartisan group of senators in telling the stories of the American hostages on the U.S. Senate floor and calling for an end to the uncertainty their families have endured since October 7th.

    MIL OSI USA News

  • MIL-OSI: HighPeak Energy, Inc. Announces First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, May 12, 2025 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended March 31, 2025, provided an updated 2025 development outlook and increased production guidance.

    First Quarter 2025 Highlights

    • Sales volumes averaged approximately 53.1 thousand barrels of crude oil equivalent per day (“MBoe/d”), representing a 6% increase from the fourth quarter 2024.
    • Net income was $36.3 million, or $0.26 per diluted share and EBITDAX (a non-GAAP financial measure defined and reconciled below) was $197.3 million, or $1.40 per diluted share. First quarter 2025 adjusted net income (a non-GAAP financial measure defined and reconciled below) was $42.7 million, or $0.31 per diluted share.
    • Lease operating expenses averaged $6.61 per Boe, excluding workover expenses, representing a 3% decrease compared to the fourth quarter 2024.
    • Generated free cash flow (a non-GAAP financial measure defined and reconciled below) of $10.7 million, reduced long-term debt by $30 million and paid $0.04 per share in dividends.
    • Realized increased drilling and completion efficiency gains, which translated to drilling and completing four additional wells during the first quarter.

    Recent Events

    • Narrowed 2025 production guidance range and increased the midpoint.
    • On May 12, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.04 per common share outstanding payable in June 2025.

    Statement from Jack Hightower, Chairman and CEO:

    In March, we discussed our four pillars of success for 2025 which include: 1) improving corporate efficiency, 2) maintaining capital discipline, 3) optimizing our capital structure, and 4) delivering shareholder value. I would like to take this opportunity to update our shareholders on where we stand and the progress we have made to date.

    Improving Corporate Efficiency
    HighPeak delivered another strong quarter of results, beating production guidance and consensus estimates, while also realizing higher levels of operating efficiencies in our development program. We drilled over 25% faster than our previous expectations, which translated to drilling and completing four additional wells during the first quarter. We are running smoother and more efficiently than ever before, while continuing to keep development costs in line with internal expectations.

    Maintaining Capital Discipline
    Due to the global economic uncertainty and its impact on oil prices, we have moderated our development program by laying down one rig for four months, May through August. Despite the pause, we remain on track to drill and complete the same number of wells in our 2025 guidance because of the gains made through operational efficiencies.

    As detailed on our March conference call, the majority of our 2025 infrastructure capex was first-quarter weighted. Factoring in drilling and completing four additional wells, we accomplished an outsized portion of our planned annual development activity during the first quarter. Going forward, we expect our quarterly capital expenditures to be materially lower and the total for the year to fall within our 2025 guided capex range. Although our operations are running much more efficiently, this is not the proper time to accelerate development activity from our original plan. Additionally, we have complete flexibility from a land and operations perspective to reduce the budget and leave a rig down for longer than the current plan if conditions warrant.

    Optimizing our Capital Structure
    We remain committed to optimizing our capital structure and remain poised to execute our plan once the market has stabilized. We are in a healthy financial position with no near-term debt maturities and are taking proactive steps to keep our balance sheet strong as we navigate this turbulent market.

    Shareholder Value
    Given the current global macro-economic backdrop, this is a time to remain nimble and prudent, which our high-quality asset base allows. As large owners of the Company, management is fully aligned with shareholders and has a long-term outlook on value creation. While markets may be volatile, it is important to remember the fundamental value of our asset base is still strong.

    First Quarter 2025 Operational Update

    HighPeak’s sales volumes during the first quarter of 2025 averaged 53.1 MBoe/d, a six percent increase over the fourth quarter 2024. First quarter sales volumes consisted of approximately 72% crude oil and 86% liquids.

    The Company averaged two drilling rigs and one frac crew during the first quarter, drilled 16 gross (16.0 net) horizontal wells and turned-in-line 13 gross (12.9 net) producing wells. On March 31, 2025, the Company had 28 gross (28.0 net) horizontal wells in various stages of drilling and completion.

    The Company updated its 2025 production guidance range to 48,000 – 50,500 Boe/d.

    HighPeak President, Michael Hollis, commented, “Our strong first quarter production is allowing us to narrow our guided range and increase the midpoint. This speaks to our strong well performance and the high quality of our long lived oily inventory. As seen in the last few commodity price cycles, HighPeak is realizing deflationary cost pressures on both the capex and opex fronts. With our increased operational efficiency, we are doing more with less and at a lower overall cost.”

    First Quarter 2025 Financial Results

    HighPeak reported net income of $36.3 million for the first quarter of 2025, or $0.26 per diluted share, and EBITDAX of $197.3 million, or $1.40 per diluted share. HighPeak reported adjusted net income of $42.7 million for the first quarter of 2025, or $0.31 per diluted share.

    First quarter average realized prices were $71.64 per Bbl of crude oil, $24.21 per Bbl of NGL and $2.34 per Mcf of natural gas, resulting in an overall realized price of $53.84 per Boe, or 75% of the weighted average of NYMEX crude oil prices, excluding the effects of derivatives. HighPeak’s cash costs for the first quarter were $11.94 per Boe, including lease operating expenses of $6.61 per Boe, workover expenses of $0.83 per Boe, production and ad valorem taxes of $3.17 per Boe and G&A expenses of $1.33 per Boe. As a result, the Company’s unhedged EBITDAX per Boe was $41.90 per Boe, or 78% of the overall realized price per Boe for the quarter, excluding the effects of derivatives.

    HighPeak’s first quarter 2025 capital expenditures to drill, complete, equip, provide facilities and for infrastructure were $179.8 million.

    Hedging

    Crude oil. As of March 31, 2025, HighPeak had the following outstanding crude oil derivative instruments and the weighted average crude oil prices and premiums payable per Bbl:

                          Swaps     Collars, Enhanced Collars
    & Deferred
    Premium Puts
     
    Settlement
    Month
      Settlement
    Year
      Type of
    Contract
      Bbls
    Per
    Day
      Index   Price per
    Bbl
        Floor or
    Strike
    Price per
    Bbl
        Ceiling
    Price per
    Bbl
        Deferred
    Premium
    Payable
    per Bbl
     
    Crude Oil:                                                  
    Apr – Jun   2025   Swap     5,500   WTI Cushing   $ 76.37     $     $     $  
    Apr – Jun   2025   Collar     7,989   WTI Cushing   $     $ 64.38     $ 88.55     $ 2.00  
    Apr – Jun   2025   Put     9,000   WTI Cushing   $     $ 65.78     $     $ 5.00  
    Jul – Sep   2025   Swap     3,000   WTI Cushing   $ 75.85     $     $     $  
    Jul – Sep   2025   Collar     7,000   WTI Cushing   $     $ 65.00     $ 90.08     $ 2.28  
    Jul – Sep   2025   Put     9,000   WTI Cushing   $     $ 65.78     $     $ 5.00  
    Oct – Dec   2025   Collar     5,000   WTI Cushing   $     $ 60.00     $ 72.80     $  
    Jan – Mar   2026   Collar     5,000   WTI Cushing   $     $ 60.00     $ 72.80     $  
     

    The Company’s crude oil derivative contracts detailed above are based on reported settlement prices on the New York Mercantile Exchange for West Texas Intermediate pricing.

    Natural gas. As of March 31, 2025, the Company had the following outstanding natural gas derivative instruments and the weighted average natural gas prices payable per MMBtu.

    Settlement Month   Settlement
    Year
      Type of
    Contract
      MMBtu
    Per Day
      Index   Price per
    MMBtu
     
    Natural Gas:                          
    Apr – Jun   2025   Swap     30,000   HH   $ 4.43  
    Jul – Sep   2025   Swap     30,000   HH   $ 4.43  
    Oct – Dec   2025   Swap     30,000   HH   $ 4.43  
    Jan – Mar   2026   Swap     19,667   HH   $ 4.43  
     

    HighPeak added the following natural gas swaps in April 2025.

    Settlement Month   Settlement
    Year
      Type of
    Contract
      MMBtu
    Per Day
      Index   Price per
    MMBtu
     
    Natural Gas:                          
    Jan – Mar   2026   Swap     10,333   HH   $ 4.30  
    Apr – Jun   2026   Swap     30,000   HH   $ 4.30  
    Jul – Sep   2026   Swap     30,000   HH   $ 4.30  
    Oct – Dec   2026   Swap     30,000   HH   $ 4.30  
    Jan – Mar   2027   Swap     19,667   HH   $ 4.30  
     

    Dividends

    During the first quarter of 2025, HighPeak’s Board of Directors approved a quarterly dividend of $0.04 per share, or $5.0 million in dividends paid to stockholders during the quarter. In addition, in May 2025, the Company’s Board of Directors declared a quarterly dividend of $0.04 per share, or approximately $5.0 million in dividends, to be paid on June 25, 2025, to stockholders of record on June 2, 2025. 

    Conference Call

    HighPeak will host a conference call and webcast on Tuesday, May 13, 2025, at 10:00 a.m. Central Time for investors and analysts to discuss its results for the first quarter of 2025. Conference call participants may register for the call here. Access to the live audio-only webcast and replay of the earnings release conference call may be found here. A live broadcast of the earnings conference call will also be available on the HighPeak Energy website at www.highpeakenergy.com under the “Investors” section of the website. A replay will also be available on the website following the call.

    When available, a copy of the Company’s earnings release, investor presentation and Quarterly Report on Form 10-Q may be found on its website at www.highpeakenergy.com.

    About HighPeak Energy, Inc.

    HighPeak Energy, Inc. is a publicly traded independent crude oil and natural gas company, headquartered in Fort Worth, Texas, focused on the acquisition, development, exploration and exploitation of unconventional crude oil and natural gas reserves in the Midland Basin in West Texas. For more information, please visit our website at www.highpeakenergy.com.

    Cautionary Note Regarding Forward-Looking Statements

    The information in this press release contains forward-looking statements that involve risks and uncertainties. When used in this document, the words “believes,” “plans,” “expects,” “anticipates,” “forecasts,” “intends,” “continue,” “may,” “will,” “could,” “should,” “future,” “potential,” “estimate” or the negative of such terms and similar expressions as they relate to HighPeak Energy, Inc. (“HighPeak Energy” or the “Company”) are intended to identify forward-looking statements, which are generally not historical in nature. The forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. Although the Company believes that the expectations and assumptions reflected in the forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond the Company’s control. For example, the Company’s review of strategic alternatives may not result in a sale of the Company, a recommendation that a transaction occur or result in a completed transaction, and any transaction that occurs may not increase shareholder value, in each case as a result of such risks and uncertainties.

    These risks and uncertainties include, among other things, the results of the strategic review being undertaken by the Company’s Board and the interest of prospective counterparties, the Company’s ability to realize the results contemplated by its 2025 guidance, volatility of commodity prices, political instability or armed conflicts in crude or natural gas producing regions such as the ongoing war between Russia and Ukraine or Israel and Hamas, product supply and demand, the impact of a widespread outbreak of an illness, such as the coronavirus disease pandemic, on global and U.S. economic activity, competition, OPEC+ policy decisions, potential new trade policies, such as tariffs, could adversely affect the Company’s operations, business and profitability, inflationary pressures on costs of oilfield goods, services and personnel, the ability to obtain environmental and other permits and the timing thereof, other government regulation or action, the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms, litigation, the costs and results of drilling and operations, availability of equipment, services, resources and personnel required to perform the Company’s drilling and operating activities, access to and availability of transportation, processing, fractionation, refining and storage facilities, HighPeak Energy’s ability to replace reserves, implement its business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of counterparties to any credit facility and derivative contracts entered into by HighPeak Energy, if any, and purchasers of HighPeak Energy’s oil, natural gas liquids and natural gas production, uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future, the assumptions underlying forecasts, including forecasts of production, expenses, cash flow from sales of oil and gas and tax rates, quality of technical data, environmental and weather risks, including the possible impacts of climate change, cybersecurity risks and acts of war or terrorism. These and other risks are described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K and other filings with the SEC. The Company undertakes no duty to publicly update these statements except as required by law.

    Reserve engineering is a process of estimating underground accumulations of hydrocarbons that cannot be measured in an exact way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. Reserves estimates included herein may not be indicative of the level of reserves or PV-10 value of oil and natural gas production in the future. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions could impact HighPeak’s strategy and change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.

    Use of Projections

    The financial, operational, industry and market projections, estimates and targets in this press release and in the Company’s guidance (including production, operating expenses and capital expenditures in future periods) are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company’s control. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial, operational, industry and market projections, estimates and targets, including assumptions, risks and uncertainties described in “Cautionary Note Regarding Forward-Looking Statements” above. These projections are speculative by their nature and, accordingly, are subject to significant risk of not being actually realized by the Company. Projected results of the Company for 2025 are particularly speculative and subject to change. Actual results may vary materially from the current projections, including for reasons beyond the Company’s control. The projections are based on current expectations and available information as of the date of this release. The Company undertakes no duty to publicly update these projections except as required by law.

    Drilling Locations

    The Company has estimated its drilling locations based on well spacing assumptions and upon the evaluation of its drilling results and those of other operators in its area, combined with its interpretation of available geologic and engineering data. The drilling locations actually drilled on the Company’s properties will depend on the availability of capital, regulatory approvals, commodity prices, costs, actual drilling results and other factors. Any drilling activities conducted on these identified locations may not be successful and may not result in additional proved reserves. Further, to the extent the drilling locations are associated with acreage that expires, the Company would lose its right to develop the related locations.

    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Balance Sheet Data
    (In thousands)
        March 31,
    2025
      December 31,
    2024
     
    Current assets:              
    Cash and cash equivalents   $ 51,619     $ 86,649    
    Accounts receivable     78,356       85,242    
    Inventory     8,706       10,952    
    Prepaid expenses     8,301       4,587    
    Derivative instruments     5,620       7,582    
    Total current assets     152,602       195,012    
    Crude oil and natural gas properties, using the successful efforts method of accounting:              
    Proved properties     4,140,881       3,959,545    
    Unproved properties     71,359       70,868    
    Accumulated depletion, depreciation and amortization     (1,293,949 )     (1,184,684 )  
    Total crude oil and natural gas properties, net     2,918,291       2,845,729    
    Other property and equipment, net     3,141       3,201    
    Other noncurrent assets     19,047       19,346    
    Total assets   $ 3,093,081     $ 3,063,288    
                   
    Current liabilities:              
    Current portion of long-term debt, net   $ 120,000     $ 120,000    
    Accounts payable – trade     66,473       74,011    
    Accrued capital expenditures     53,240       35,170    
    Revenues and royalties payable     27,993       26,838    
    Other accrued liabilities     22,065       22,196    
    Derivative instruments     8,275       5,380    
    Operating leases     821       719    
    Advances from joint interest owners           316    
    Total current liabilities     298,867       284,630    
    Noncurrent liabilities:              
    Long-term debt, net     902,844       928,384    
    Deferred income taxes     242,337       232,398    
    Asset retirement obligations     15,058       14,750    
    Operating leases     581       670    
    Commitments and contingencies              
                   
    Stockholders’ equity              
    Common stock     13       13    
    Additional paid-in capital     1,166,786       1,166,609    
    Retained earnings     466,595       435,834    
    Total stockholders’ equity     1,633,394       1,602,456    
    Total liabilities and stockholders’ equity   $ 3,093,081     $ 3,063,288    
     
    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Statements of Operations
    (in thousands)
        Quarter Ended March 31,
     
        2025   2024
     
    Operating revenues:            
    Crude oil sales   $ 246,424     $ 282,369    
    NGL and natural gas sales     11,024       5,395    
    Total operating revenues     257,448       287,764    
    Operating costs and expenses:            
    Crude oil and natural gas production     35,562       30,271    
    Production and ad valorem taxes     15,152       14,402    
    Exploration and abandonments     264       498    
    Depletion, depreciation and amortization     109,325       130,850    
    Accretion of discount     244       239    
    General and administrative     6,345       4,685    
    Stock-based compensation     177       3,798    
    Total operating costs and expenses     167,069       184,743    
    Other expense           1    
    Income from operations     90,379       103,020    
    Interest income     810       2,392    
    Interest expense     (36,988 )     (43,634 )  
    Loss on derivative instruments, net     (7,927 )     (53,043 )  
    Income before income taxes     46,274       8,735    
    Provision for income taxes     9,939       2,297    
    Net income   $ 36,335     $ 6,438    
                 
    Earnings per share:            
    Basic net income   $ 0.26     $ 0.05    
    Diluted net income   $ 0.26     $ 0.05    
                 
    Weighted average shares outstanding:            
    Basic     123,913       125,696    
    Diluted     127,213       129,641    
                 
    Dividends declared per share   $ 0.04     $ 0.04    
     
    HighPeak Energy, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (in thousands)
        Quarter Ended March 31,
     
        2025
      2024
     
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net income   $ 36,335     $ 6,438    
    Adjustments to reconcile net income to net cash provided by operations:            
    Provision for deferred income taxes     9,939       1,688    
    Loss on derivative instruments     7,927       53,043    
    Cash paid on settlement of derivative instruments     (3,071 )     (5,148 )  
    Amortization of debt issuance costs     2,034       2,053    
    Amortization of discounts on long-term debt     2,426       2,453    
    Stock-based compensation expense     177       3,798    
    Accretion expense     244       239    
    Depletion, depreciation and amortization     109,325       130,850    
    Exploration and abandonment expense     4       274    
    Changes in operating assets and liabilities:            
    Accounts receivable     6,886       (14,414 )  
    Prepaid expenses, inventory and other assets     (1,314 )     (4,722 )  
    Accounts payable, accrued liabilities and other current liabilities     (13,860 )     (5,113 )  
    Net cash provided by operating activities     157,052       171,439    
    CASH FLOWS FROM INVESTING ACTIVITIES:            
    Additions to crude oil and natural gas properties     (179,819 )     (147,698 )  
    Changes in working capital associated with crude oil and natural gas property additions     25,172       1,705    
    Acquisitions of crude oil and natural gas properties     (2,517 )     (2,171 )  
    Proceeds from sales of properties     570          
    Other property additions           (59 )  
    Net cash used in investing activities     (156,594 )     (148,223 )  
    CASH FLOWS FROM FINANCING ACTIVITIES:            
    Repayments under Term Loan Credit Agreement     (120,000 )     (30,000 )  
    Dividends paid     (4,957 )     (5,050 )  
    Dividend equivalents paid     (531 )     (530 )  
    Repurchased shares under buyback program           (8,764 )  
    Debt issuance costs           (7 )  
    Net cash used in financing activities     (35,488 )     (44,351 )  
    Net decrease in cash and cash equivalents     (35,030 )     (21,135 )  
    Cash and cash equivalents, beginning of period     86,649       194,515    
    Cash and cash equivalents, end of period   $ 51,619     $ 173,380    
     
    HighPeak Energy, Inc.
    Unaudited Summary Operating Highlights
        Quarter Ended March 31,  
        2025   2024  
    Average Daily Sales Volumes:              
    Crude oil (Bbls)     38,222       39,959    
    NGLs (Bbls)     7,724       5,147    
    Natural gas (Mcf)     43,096       27,733    
    Total (Boe)     53,128       49,729    
                   
    Average Realized Prices (excluding effects of derivatives):              
    Crude oil per Bbl   $ 71.64     $ 77.65    
    NGL per Bbl   $ 24.21     $ 24.94    
    Natural gas per Mcf   $ 2.34     $ 1.33    
    Total per Boe   $ 53.84     $ 63.59    
                   
    Margin Data ($ per Boe):              
    Average price, excluding effects of derivatives   $ 53.84     $ 63.59    
    Lease operating expenses     (6.61 )     (6.30 )  
    Expense workovers     (0.83 )     (0.39 )  
    Production and ad valorem taxes     (3.17 )     (3.18 )  
    General and administrative expenses     (1.33 )     (1.04 )  
        $ 41.90     $ 52.68    
     
    HighPeak Energy, Inc.
    Unaudited Earnings Per Share Details
        Quarter Ended March 31,  
        2025   2024  
    Net income as reported   $ 36,335     $ 6,438    
    Participating basic earnings     (3,542 )     (605 )  
    Basic earnings attributable to common shareholders     32,793       5,833    
    Reallocation of participating earnings     47       1    
    Diluted net income attributable to common shareholders   $ 32,840     $ 5,834    
                   
    Basic weighted average shares outstanding     123,913       125,696    
    Dilutive warrants and unvested stock options     1,146       1,786    
    Dilutive unvested restricted stock     2,154       2,159    
    Diluted weighted average shares outstanding     127,213       129,641    
                   
    Net income per share attributable to common shareholders:              
    Basic   $ 0.26     $ 0.05    
    Diluted   $ 0.26     $ 0.05    
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Income to EBITDAX, Discretionary Cash Flow and Net Cash Provided by Operations
    (in thousands)
     
        Quarter Ended March 31,  
        2025   2024  
    Net income   $ 36,335     $ 6,438    
    Interest expense     36,988       43,634    
    Interest income     (810 )     (2,392 )  
    Income tax expense     9,939       2,297    
    Depletion, depreciation and amortization     109,325       130,850    
    Accretion of discount     244       239    
    Exploration and abandonment expense     264       498    
    Stock based compensation     177       3,798    
    Derivative related noncash activity     4,856       47,895    
    Other expense           1    
    EBITDAX     197,318       233,258    
    Cash interest expense     (32,528 )     (39,128 )  
    Other (a)     550       1,558    
    Discretionary cash flow     165,340       195,688    
    Changes in operating assets and liabilities     (8,288 )     (24,249 )  
    Net cash provided by operating activities   $ 157,052     $ 171,439    
    (a)     Includes interest income net of current tax expense, other expense and operating portion of exploration and abandonment expenses.
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Cash Provided by Operations and Free Cash Flow
    (in thousands)
        Quarter Ended March 31,  
        2025   2024  
    Net cash provided by operating activities   $ 157,052     $ 171,439    
    Add back: net change in operating assets and liabilities     8,288       24,249    
    Operating cash flow before working capital changes     165,340       195,688    
    Additions to crude oil and natural gas properties     (179,819 )     (147,698 )  
    Changes in working capital associated with crude oil and natural gas property additions     25,172       1,705    
    Free cash flow   $ 10,693     $ 49,695    
     
    HighPeak Energy, Inc.
    Unaudited Reconciliation of Net Income to Adjusted Net Income
    (in thousands, except per share data)
        Quarter Ended
    March 31, 2025
     
        Amounts   Amounts per Diluted Share  
    Net income   $ 36,335     $ 0.26    
    Derivative loss, net     7,927       0.06    
    Stock-based compensation     177       0.00    
    Income tax adjustment for above items *     (1,741 )     (0.01 )  
                       
    Adjusted net income   $ 42,698     $ 0.31    
                   
    * Assuming 21% statutory tax rate              
     

    Investor Contact:

    Ryan Hightower
    Vice President, Business Development
    817.850.9204
    rhightower@highpeakenergy.com

    Source: HighPeak Energy, Inc.

    The MIL Network

  • MIL-OSI: Amplify Energy Announces First Quarter 2025 Results, Beta Development Update and Updated Full-Year 2025 Guidance

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 12, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2025 and updated full-year 2025 guidance for the Company.

    Beta Development Program Update

    • Amplify initiated a development drilling program in the prolific Beta oilfield in 2024 to demonstrate the significant upside potential of the asset and generate strong incremental cash flows for the Company, with results to date proving out the viability and long-term potential of the program
    • Completed the C54 well in mid-April 2025
      • Drilled well utilizing lessons learned from 2024 program including the implementation of a managed pressure drilling system
      • IP20 was approximately 800 Bopd, which has been the strongest initial well performance in the program
      • With the C54 online, the three wells completed in the D-Sand (our primary target formation) are all projected to have greater than 90% IRR at $60/bbl oil prices
    • Completed the C48 well in mid-February 2025 as the first C-Sand completion
      • Initially planned as a D-Sand completion, but due to drilling complications elected to complete the shallower C-Sand
      • Current production rate of approximately 100 BOPD
      • Well exhibits lower oil gravities and reservoir pressures than the D-Sand completions
      • Future injection support in the area to increase reservoir pressure and deliverability is expected to prove the C-Sand as a viable future target zone
    • With the recent completions of the C48 and C54, the field now has four new development wells online, which, after offsetting the asset’s base decline, have increased Beta production by approximately 35% since early 2024
    • Based on Beta development success, at year-end 2024 Amplify had 25 SEC Proved Undeveloped (“PUD”) locations (21 D-Sand locations) with approximately $144 million in PV-10 value1
      • D-Sand completions to date are significantly outperforming the type curve utilized in SEC PUD value/reserves indicating material upside above the current valuation estimate
      • Substantial future development remains at Beta beyond the current SEC PUD locations which are based on conservative volumetric and recovery factor assumptions

    First Quarter Highlights

    • During the first quarter of 2025, the Company:
      • Achieved average total production of 17.9 MBoepd
      • Generated net cash provided by operating activities of $25.5 million and a net loss of $5.9 million
      • Delivered Adjusted EBITDA of $19.4 million and Adjusted Net Income of $3.8 million
      • Generated $6.3 million in net proceeds from the sale of undeveloped Haynesville acreage in East Texas
        • In May 2025, sold additional Haynesville interests generating $1.5 million in proceeds
      • Generated $0.9 million of Adjusted EBITDA at Magnify Energy Services, Amplify’s wholly owned subsidiary (“Magnify”)
      • As of March 31, 2025, Amplify had $125.0 million outstanding under the revolving credit facility
        • Net debt to Last Twelve Months (“LTM”) Adjusted EBITDA of 1.3x2

    (1)   2024 Year End reserves are evaluated at flat pricing: (NYMEX WTI, HH) – $65.00, $4.00

    (2)   Net debt as of March 31, 2025, consisting of $125 MM outstanding under its revolving credit facility with ~$0 MM of cash and cash equivalents, and LTM Adjusted EBITDA as of the first quarter of 2025.

    Martyn Willsher, Amplify’s President and Chief Executive Officer, commented, “Amplify’s strong first quarter operating and financial results continue to demonstrate the significant value derived from the Company’s portfolio of assets. At Beta, we brought online two wells this year, which strengthen our conviction about the prolific untapped value that remains in the reservoir. In East Texas and the Eagle Ford, we anticipate our non-operated development projects will begin producing in the second quarter, with improved natural gas prices driving strong economics for our East Texas wells. Also, in East Texas, we recently monetized a portion of our undeveloped acreage with Haynesville rights in two separate transactions for net proceeds of $7.8 million dollars, while retaining an interest in over 30 gross locations to realize upside value in future periods.”

    Mr. Willsher continued, “In light of recent market volatility and a material reduction in oil prices, we conducted a comprehensive review of our remaining uncommitted 2025 capital budget and have elected to temporarily defer three development projects at Beta resulting in capital savings of approximately $15 million in 2025. While our Beta development projects have strong economics at current oil prices, we have flexibility on the timing of these projects and are committed to maintaining strong free cash flow and a healthy balance sheet for our investors. Our diversified portfolio of mature, low-decline assets and robust hedge book protect our cash flow profile during commodity downturns, allowing us the flexibility to scale up or down investments in either oil or gas projects depending on market conditions.”

    Mr. Willsher concluded, “Going forward, Amplify intends to focus on prudent management of its existing asset base to maximize free cash flow and is conducting a thorough review of additional operating and overhead cost-saving opportunities. The Company will also continue to evaluate portfolio optimization opportunities, which could enable us to accelerate Beta development.”

    Key Financial Results

    During the first quarter of 2025, the Company reported a net loss of approximately $5.9 million. The net loss was primarily attributable to a non-cash unrealized loss on commodity derivatives during the period partially offset by a gain on the sale of East Texas properties. Excluding the impact of the non-cash unrealized loss on commodity derivatives, the East Texas divestiture, and additional other one-time impacts, Amplify generated Adjusted Net Income of $3.8 million in the first quarter of 2025.

    First quarter 2025 Adjusted EBITDA was $19.4 million, a decrease of approximately $2.4 million from the prior quarter. The decrease was primarily due to higher lease operating expense and general and administrative expense that are typically higher in the first quarter offset by stronger gas price realizations compared to the prior quarter.

    Free cash flow was negative $7.2 million for the first quarter, which was in-line with expectations, due to planned capital investments.

         
         
         
      First Quarter Fourth Quarter
    $ in millions  2025   2024 
    Net income (loss) ($5.9 ) ($7.4 )
    Net cash provided by operating activities $25.5   $12.5  
    Average daily production (MBoe/d) 17.9   18.5  
    Total revenues excluding hedges $72.1   $69.0  
    Adjusted EBITDA (a non-GAAP financial measure) $19.4   $21.8  
    Adjusted net income (loss), (a non-GAAP financial measure) $3.8   $5.1  
    Total capital $23.1   $15.3  
    Free Cash Flow (a non-GAAP financial measure) ($7.2 ) $2.9  
         

    Revolving Credit Facility and Liquidity Update

    As of March 31, 2025, Amplify had total debt of $125 million under its revolving credit facility. Net debt to LTM Adjusted EBITDA was 1.3x (net debt as of March 31, 2025). The borrowing base is redetermined on a semi-annual basis with the next redetermination expected in the second quarter of 2025.

    Corporate Production and Pricing

    During the first quarter of 2025, average daily production was approximately 17.9 Mboepd, a decrease of 0.6 Mboepd from the prior quarter. The decrease in production was driven by natural gas and NGL volumes affected by a gas imbalance adjustment in East Texas and adverse weather in Oklahoma, causing widespread power outages. These temporary production issues were factored into the production guidance previously presented for 2025.

    The Company’s product mix for the quarter was 46% crude oil, 16% NGLs, and 38% natural gas.

        Three Months   Three Months
        Ended   Ended
        March 31, 2025   December 31, 2024
             
    Production volumes – MBOE:      
      Bairoil 280     293  
      Beta 315     308  
      Oklahoma 393     436  
      East Texas / North Louisiana 570     609  
      Eagle Ford (Non-op) 49     60  
      Total – MBoe 1,607     1,706  
      Total – MBoe/d 17.9     18.5  
      % – Liquids 62 %   62 %
             

    Total oil, natural gas and NGL revenues for the first quarter of 2025 were approximately $70.3 million, before the impact of derivatives. The Company realized a net gain on commodity derivatives of $0.5 million during the first quarter. Oil, natural gas and NGL revenues, net of realized hedges, decreased $0.4 million for the first quarter compared to the prior quarter.

    The following table sets forth information regarding average realized sales prices for the periods indicated:

      Crude Oil ($/Bbl) NGLs ($/Bbl) Natural Gas ($/Mcf)
      Three Months
    Ended
    March 31,
    2025
      Three Months
    Ended
    December 31,
    2024
      Three Months
    Ended
    March 31,
    2025
      Three Months
    Ended
    December 31,
    2024
      Three Months
    Ended
    March 31,
    2025
      Three Months
    Ended
    December 31,
    2024
                           
    Average sales price exclusive of realized derivatives and certain deductions from revenue $ 67.82   $ 66.82   $ 25.24     $ 23.46     $ 3.87   $ 2.52  
    Realized derivatives   0.49     1.43                 0.04     0.76  
                           
    Average sales price with realized derivatives exclusive of certain deductions from revenue $ 68.31   $ 68.25   $ 25.24     $ 23.46     $ 3.91   $ 3.28  
    Certain deductions from revenue           (1.78 )     (1.37 )     0.02     (0.01 )
                           
    Average sales price inclusive of realized derivatives and certain deductions from revenue $ 68.31   $ 68.25   $ 23.46     $ 22.09     $ 3.93   $ 3.27  
                           

    Costs and Expenses

    Lease operating expenses in the first quarter of 2025 were approximately $37.4 million, or $23.28 per Boe, a $2.3 million increase compared to the prior quarter and in-line with internal projections. Lease operating expenses are expected to decrease in the second half of 2025 after cost savings projects are completed in Bairoil, and fewer expense workovers are conducted later in the year. Lease operating expenses do not reflect $0.9 million of income generated by Magnify in the first quarter.

    Severance and ad valorem taxes in the first quarter were approximately $4.4 million, a decrease of $1.0 million compared to $5.4 million in the prior quarter. Lower production taxes were primarily due to lower production and a one-time benefit from reversing a prior accrual for waste emissions charges. Severance and ad valorem taxes as a percentage of revenue were approximately 6.2% in the first quarter. The Company anticipates that taxes as a percentage of revenue will remain within its previously announced guidance range for 2025.

    Amplify incurred $4.3 million, or $2.67 per Boe, of gathering, processing and transportation expenses in the first quarter, compared to $4.5 million, or $2.62 per Boe, in the prior quarter.

    Cash G&A expenses in the first quarter were $7.3 million, down 7% compared to the first quarter of 2024, and in-line with expectations. The Company anticipates that quarterly cash G&A expenses will be significantly lower throughout the remainder of the year primarily due to annual year-end processes that impact various cost drivers in the first quarter. The Company expects costs to be in line with our previously announced guidance range.

    Depreciation, depletion and amortization expense in the first quarter totaled $8.5 million, or $5.29 per Boe, compared to $8.4 million, or $4.93 per Boe, in the prior quarter.

    Net interest expense was $3.5 million in the first quarter, a decrease of $0.2 million compared to $3.7 million in the prior quarter.

    Amplify recorded minimal current income tax expense for the first quarter of 2025.

    Capital Investment Update

    Cash capital investment during the first quarter of 2025 was approximately $23.1 million. During the first quarter, the Company’s capital allocation was approximately 55% for development drilling, recompletions and facility projects at Beta, and approximately 30% for non-operated development projects in East Texas and the Eagle Ford, with the remainder distributed across the Company’s other assets.

    The following table details Amplify’s capital invested during the first quarter of 2025:

      First Quarter
      2025 Capital
      ($ MM)
    Bairoil $ 1.3
    Beta $ 12.7
    Oklahoma $ 1.4
    East Texas / North Louisiana $ 3.4
    Eagle Ford (Non-op) $ 3.9
    Magnify Energy Services $ 0.3
    Total Capital Invested $ 23.1
       

    2025 Operations & Development Plan

    Amplify has adjusted its 2025 operations and development plan for the current lower commodity price environment. The Company is electing to reduce discretionary development capital at Beta for the second half of 2025, while our previously committed non-operated projects in East Texas and the Eagle Ford are expected to be completed and brought online in the second quarter.

    Amplify’s current plan is to complete three wells at Beta in 2025, including the C48 and C54 wells, which were brought online in mid-February and mid-April, respectively. Amplify intends to drill and complete its next Beta well in the third quarter, which will be a D-Sand completion drilled in the same fault block as the recently completed C54 and the C59, which was completed in October 2024 and is still producing greater than 500 bopd. With the exceptional economics at Beta, Amplify will consider adding back development wells later this year should commodity prices improve.

    Other capital at Beta for 2025 includes $8 million to upgrade a two-mile pipeline that ships all produced fluid from platform Eureka to platform Elly, facility upgrades and capital workovers. Additional information regarding the Beta development plan can be found in the Company’s investor presentation under the investor relations section of the website.

    In East Texas, we are participating in the completion of four non-operated development projects, which we expect to be online in late second quarter. Operators in the area are taking advantage of strong natural gas prices and favorable economics, and the Company anticipates more activity in this area. For the Company’s operated assets, the team is focused on prudent management of the field, such as optimizing field compression, artificial lift enhancement, and equipment insourcing, which is expected to improve the production profile and lower lease operating costs.

    Also in East Texas, as previously announced, Amplify sold 90% of its interest in certain units with Haynesville rights in Harrison County, Texas, in addition to 11 gross operated wells, and purchased a 10% interest in adjacent acreage, generating $6.3 million in net proceeds from the sale. This transaction also established an area of mutual interest (“AMI”) with the counterparty covering 10,000 gross acres. We estimate the AMI has more than 30 potential gross drilling locations.

    In May 2025, Amplify completed a separate transaction, which monetized 90% of its interests in three additional units with Haynesville rights in Panola and Shelby Counties, finalizing a separate AMI consisting of seven total units. Amplify also retained a 10% working interest with the ability to participate in any well drilled within the boundary of the AMI. Upon closing the transaction, Amplify generated approximately $1.5 million in proceeds.

    From November 2024 to present, Amplify has generated proceeds of $9.2 million related to Haynesville acreage transactions, while retaining a 10% working interest in two newly created AMIs in the Haynesville play of East Texas.

    In the Eagle Ford, we are participating in 14 gross (0.7 net) new development wells and two gross (0.4 net) recompletion projects. These non-operated wells, with highly accretive forecasted returns, have been completed and are scheduled to come online in early May. The Company is also evaluating additional development opportunities recently offered by our partners in fields where we have interests.

    Updated Full-Year 2025 Guidance

    Based on recent reductions to crude oil prices, Amplify has decided to modify its capital plans in order to maintain positive free cash flow in 2025. As a result of these modifications, we are providing updated guidance. The following guidance is subject to the cautionary statements and limitations described under the “Forward-Looking Statements” caption at the end of this press release. Amplify’s updated 2025 guidance is based on its current expectations regarding capital investment and full-year 2025 commodity prices for crude oil of $61.75/Bbl (WTI) and natural gas of $3.60/MMBtu (Henry Hub), and on the assumption that market demand and prices for oil and natural gas will continue at levels that allow for economic production of these products. Additionally, the Company expects to invest approximately 95% of its capital in the first three quarters of the year primarily in connection with the Beta development program and for non-operated development projects in East Texas and the Eagle Ford.

    A summary of the guidance is presented below:

      March 5, 2025
      March 7, 2025
      Previous Guidance   Updated Guidance
                   
      FY 2025E   FY 2025E
                   
      Low   High   Low   High
                   
    Net Average Daily Production              
    Oil (MBbls/d) 8.5 9.4   8.3 8.9
    NGL (MBbls/d) 3.0 3.3   3.0 3.3
    Natural Gas (MMcf/d) 45.0 51.0   45.0 50.0
    Total (MBoe/d) 19.0 21.0   19.0 20.5
                   
    Commodity Price Differential / Realizations (Unhedged)              
    Oil Differential ($ / Bbl) ($3.25) ($4.25)   ($3.25) ($4.25)
    NGL Realized Price (% of WTI NYMEX) 27% 31%   27% 31%
    Natural Gas Realized Price (% of Henry Hub) 85% 92%   85% 92%
                   
    Other Revenue              
    Magnify Energy Services ($ MM) $4 $6   $4 $6
    Other ($ MM) $2 $3   $2 $3
    Total ($ MM) $6 $9   $6 $9
                   
    Gathering, Processing and Transportation Costs              
    Oil ($ / Bbl) $0.65 $0.85   $0.65 $0.85
    NGL ($ / Bbl) $2.75 $4.00   $2.75 $4.00
    Natural Gas ($ / Mcf) $0.55 $0.75   $0.55 $0.75
    Total ($ / Boe) $2.25 $2.85   $2.25 $2.85
                   
    Average Costs              
    Lease Operating ($ / Boe) $18.50 $20.50   $18.50 $20.50
    Taxes (% of Revenue) (1) 6.0% 7.0%   6.0% 7.0%
    Cash General and Administrative ($ / Boe) (2)(3) $3.40 $3.90   $3.40 $3.90
                   
    Adjusted EBITDA ($ MM) (2)(3) $100 $120   $80 $110
    Cash Interest Expense ($ MM) $12 $18   $12 $18
    Capital Investment ($ MM) $70 $80   $55 $70
    Free Cash Flow ($ MM) (2)(3) $10 $30   $10 $20
                   

    (1) Includes production, ad valorem and franchise taxes
    (2) Refer to “Use of Non-GAAP Financial Measures” for Amplify’s definition and use of cash G&A, Adjusted EBITDA and free cash flow, non-GAAP measures (cash income taxes, which are not included in free cash flow, are expected to range between $0 – $1 million for the year)
    (3) Amplify believes that a quantitative reconciliation of such forward-looking information to the most comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts. A reconciliation of these non-GAAP financial measures would require Amplify to predict the timing and likelihood of future transactions and other items that are difficult to accurately predict. Neither of these forward-looking measures, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of the most directly comparable forward-looking GAAP measures is not provided.

    Hedging

    Amplify maintains a robust hedge book to support its cash flow profile and provide downside protection in weak commodity environments. Recently, the Company added to its hedge position, further protecting future cash flows.

    Amplify executed crude oil swaps covering the first half of 2026 at a weighted average price of $62.55 per barrel and the first half of 2027 with a weighted average price of $61.93 per barrel. The Company also added natural gas swaps covering 2026 at a weighted average price of $4.12 per MMBtu, collars for the first quarter of 2026 with a weighted average floor of $4.50 per MMBtu and a weighted average ceiling of $5.73 and natural gas collars for 2027 with a weighted average floor of $3.57 per MMBtu and a weighted average ceiling of $4.58 per MMBtu.

    The following table reflects the hedged volumes under Amplify’s commodity derivative contracts and the average fixed floor and ceiling prices at which production is hedged for April 2025 through December 2027, as of May 12, 2025:

      2025   2026   2027
               
    Natural Gas Swaps:          
    Average Monthly Volume (MMBtu)   560,000     515,000     137,500
    Weighted Average Fixed Price ($) $ 3.75   $ 3.80   $ 4.01
               
    Natural Gas Collars:          
    Two-way collars          
    Average Monthly Volume (MMBtu)   500,000     517,500     437,500
    Weighted Average Ceiling Price ($) $ 3.90   $ 4.11   $ 4.21
    Weighted Average Floor Price ($) $ 3.50   $ 3.58   $ 3.56
               
    Oil Swaps:          
    Average Monthly Volume (Bbls)   141,444     125,500     30,667
    Weighted Average Fixed Price ($) $ 70.61   $ 66.40   $ 61.93
               
    Oil Collars:          
    Two-way collars          
    Average Monthly Volume (Bbls)   45,333        
    Weighted Average Ceiling Price ($) $ 80.20        
    Weighted Average Floor Price ($) $ 70.00        
               

    Amplify has posted an updated investor presentation containing additional hedging information on its website, www.amplifyenergy.com, under the Investor Relations section.

    Quarterly Report on Form 10-Q

    Amplify’s financial statements and related footnotes will be available in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which Amplify expects to file with the SEC on May 12, 2025.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Conference Call

    Amplify will host an investor teleconference tomorrow at 10 a.m. Central Time to discuss these operating and financial results. Interested parties may join the call by dialing (888) 999-3182 at least 15 minutes before the call begins and providing the Conference ID: AEC1Q25. A telephonic replay will be available for fourteen days following the call by dialing (800) 654-1563 and providing the Access Code: 52458798. A transcript and a recorded replay of the call will also be available on our website after the call.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks and uncertainties relating to, among other things: the Company’s evaluation and implementation of strategic alternatives; risks related to the redetermination of the borrowing base under the Company’s revolving credit facility; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs; the Company’s ability to access funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including the Russian invasion of Ukraine, and ongoing conflicts in the Middle East, trade wars and the potential destabilizing effect such conflicts may pose for the global oil and natural gas markets; expectations regarding general economic conditions, including inflation; and the impact of local, state and federal governmental regulations, including those related to climate change and hydraulic fracturing, and potential changes in these regulations. Please read the Company’s filings with the SEC, including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/sec-filings/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Use of Non-GAAP Financial Measures

    This press release and accompanying schedules include the non-GAAP financial measures of Adjusted EBITDA, Adjusted Net Income (Loss), free cash flow, net debt, PV-10 and cash G&A. The accompanying schedules provide a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. Amplify’s non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income, operating income, net cash flows provided by operating activities, standardized measure of discounted future net cash flows, or any other measure of financial performance calculated and presented in accordance with GAAP. Amplify’s non-GAAP financial measures may not be comparable to similarly titled measures of other companies because they may not calculate such measures in the same manner as Amplify does.

    Adjusted EBITDA. Amplify defines Adjusted EBITDA as net income (loss) plus Interest expense, net; Income tax expense (benefit); DD&A; Accretion of AROs; Loss or (gain) on commodity derivative instruments; Cash settlements received or (paid) on expired commodity derivative instruments; Amortization of gain associated with terminated commodity derivatives; Losses or (gains) on sale of properties; Share-based compensation expenses; Exploration costs; Acquisition and divestiture related costs; Loss on settlement of AROs; Bad debt expense; and Pipeline incident loss. Adjusted EBITDA is commonly used as a supplemental financial measure by management and external users of Amplify’s financial statements, such as investors, research analysts and rating agencies, to assess: (1) its operating performance as compared to other companies in Amplify’s industry without regard to financing methods, capital structures or historical cost basis; (2) the ability of its assets to generate cash sufficient to pay interest and support Amplify’s indebtedness; and (3) the viability of projects and the overall rates of return on alternative investment opportunities. Since Adjusted EBITDA excludes some, but not all, items that affect net income or loss and because these measures may vary among other companies, the Adjusted EBITDA data presented in this press release may not be comparable to similarly titled measures of other companies. The GAAP measures most directly comparable to Adjusted EBITDA are net income and net cash provided by operating activities.

    Adjusted Net Income (Loss). Amplify defines Adjusted Net Income (Loss) as net income (loss) adjusted for unrealized loss (gain) on commodity derivative instruments, acquisition and divestiture-related expenses, unusual and infrequent items, and the income tax expense or benefit of these adjustments using our federal statutory tax rate. Adjusted Net Income (Loss) excludes the impact of unusual and infrequent items affecting earnings that vary widely and unpredictably. This measure is not meant to disassociate these items from management’s performance but rather is intended to provide helpful information to investors interested in comparing our performance between periods. Adjusted Net Income (Loss) is not considered to be an alternative to net income (loss) reported in accordance with GAAP.

    Free cash flow. Amplify defines free cash flow as Adjusted EBITDA, less cash interest expense and capital expenditures. Free cash flow is an important non-GAAP financial measure for Amplify’s investors since it serves as an indicator of the Company’s success in providing a cash return on investment. The GAAP measures most directly comparable to free cash flow are net income and net cash provided by operating activities.

    Net debt. Amplify defines net debt as the total principal amount drawn on the revolving credit facility less cash and cash equivalents. The Company uses net debt as a measure of financial position and believes this measure provides useful additional information to investors to evaluate the Company’s capital structure and financial leverage.

    PV-10. PV-10 is a non-GAAP financial measure that represents the present value of estimated future cash inflows from proved oil and natural gas reserves that are calculated using the unweighted arithmetic average first-day-of-the-month prices for the prior 12 months, less future development and operating costs, discounted at 10% per annum to reflect the timing of future cash flows. The most directly comparable GAAP measure to PV-10 is standardized measure. PV-10 differs from standardized measure in its treatment of estimated future income taxes, which are excluded from PV-10. Amplify believes the presentation of PV-10 provides useful information because it is widely used by investors in evaluating oil and natural gas companies without regard to specific income tax characteristics of such entities. PV-10 is not intended to represent the current market value of our estimated proved reserves. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP. As GAAP does not prescribe a comparable GAAP measure for PV-10 of reserves adjusted for pricing sensitives, it is not practicable for us to reconcile PV-10 to a standardized measure or any other GAAP measure.

    Cash G&A. Amplify defines cash G&A as general and administrative expense, less share-based compensation expense; acquisition and divestiture costs; bad debt expense; and severance payments. Cash G&A is an important non-GAAP financial measure for Amplify’s investors since it allows for analysis of G&A spend without regard to share-based compensation and other non-recurring expenses which can vary substantially from company to company. The GAAP measures most directly comparable to cash G&A is total G&A expenses.

    Contacts

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    Selected Operating and Financial Data (Tables)

    Amplify Energy Corp.      
    Selected Financial Data – Unaudited      
    Statements of Operations Data      
             
        Three Months   Three Months
        Ended   Ended
    (Amounts in $000s, except per share data) March 31, 2025   December 31, 2024
             
    Revenues:      
      Oil and natural gas sales $ 70,341     $ 67,189  
      Other revenues   1,709       1,832  
      Total revenues   72,050       69,021  
             
    Costs and Expenses:      
      Lease operating expense   37,417       35,100  
      Pipeline incident loss   396       2,405  
      Gathering, processing and transportation   4,286       4,468  
      Exploration   6       10  
      Taxes other than income   4,384       5,356  
      Depreciation, depletion and amortization   8,494       8,418  
      General and administrative expense   10,815       9,486  
      Accretion of asset retirement obligations   2,183       2,156  
      Realized (gain) loss on commodity derivatives   (503 )     (4,052 )
      Unrealized (gain) loss on commodity derivatives   14,820       13,357  
      (Gain) loss on sale of properties   (6,251 )     (1,367 )
      Other, net   (3 )     334  
      Total costs and expenses   76,044       75,671  
             
    Operating Income (loss)   (3,994 )     (6,650 )
             
    Other Income (Expense):      
      Interest expense, net   (3,519 )     (3,684 )
      Other income (expense)   115       (113 )
      Total other income (expense)   (3,404 )     (3,797 )
             
      Income (loss) before reorganization items, net and income taxes   (7,398 )     (10,447 )
             
    Income tax benefit (expense) – current   (1 )     2,132  
    Income tax benefit (expense) – deferred   1,538       886  
             
      Net income (loss) $ (5,861 )   $ (7,429 )
             
    Earnings per share:      
      Basic and diluted earnings (loss) per share $ (0.15 )   $ (0.19 )
             
    Selected Financial Data – Unaudited      
    Operating Statistics      
               
          Three Months   Three Months
          Ended   Ended
    (Amounts in $000s, except per unit data) March 31, 2025   December 31, 2024
               
    Oil and natural gas revenue:      
      Oil Sales $ 49,982   $ 50,817
      NGL Sales   6,157     6,602
      Natural Gas Sales   14,202     9,770
      Total oil and natural gas sales – Unhedged $ 70,341   $ 67,189
               
    Production volumes:      
      Oil Sales – MBbls   737     760
      NGL Sales – MBbls   263     299
      Natural Gas Sales – MMcf   3,647     3,883
      Total – MBoe   1,607     1,706
      Total – MBoe/d   17.9     18.5
               
    Average sales price (excluding commodity derivatives):      
      Oil – per Bbl $ 67.82   $ 66.82
      NGL – per Bbl $ 23.46   $ 22.09
      Natural gas – per Mcf $ 3.89   $ 2.52
      Total – per Boe $ 43.76   $ 39.37
               
    Average unit costs per Boe:      
      Lease operating expense $ 23.28   $ 20.57
      Gathering, processing and transportation $ 2.67   $ 2.62
      Taxes other than income $ 2.73   $ 3.14
      General and administrative expense $ 6.73   $ 5.56
      Realized gain/(loss) on commodity derivatives $ 0.31   $ 2.38
      Depletion, depreciation, and amortization $ 5.29   $ 4.93
               
    Selected Financial Data – Unaudited      
    Asset Operating Statistics      
             
        Three Months   Three Months
        Ended   Ended
        March 31, 2025   December 31, 2024
             
    Production volumes – MBOE:      
      Bairoil   280       293  
      Beta   315       308  
      Oklahoma   393       436  
      East Texas / North Louisiana   570       609  
      Eagle Ford (Non-op)   49       60  
      Total – MBoe   1,607       1,706  
      Total – MBoe/d   17.9       18.5  
      % – Liquids   62 %     62 %
             
    Lease operating expense – $M:      
      Bairoil $ 13,732     $ 11,800  
      Beta   13,305       12,113  
      Oklahoma   3,856       3,948  
      East Texas / North Louisiana   4,981       5,887  
      Eagle Ford (Non-op)   1,542       1,351  
      Total Lease operating expense: $ 37,416     $ 35,099  
             
    Capital expenditures – $M:      
      Bairoil $ 1,322     $ 190  
      Beta   12,733       10,001  
      Oklahoma   1,445       168  
      East Texas / North Louisiana   3,449       2,758  
      Eagle Ford (Non-op)   3,905       2,125  
      Magnify Energy Services   263       82  
      Total Capital expenditures: $ 23,117     $ 15,324  
             
    Selected Financial Data – Unaudited              
    Balance Sheet Data              
                       
    (Amounts in $000s) March 31, 2025
      December 31, 2024
                       
    Assets              
      Cash and Cash Equivalents $     $  
      Accounts Receivable   35,893       39,713  
      Other Current Assets   24,296       32,064  
        Total Current Assets $ 60,189     $ 71,777  
                       
      Net Oil and Gas Properties $ 400,770     $ 386,218  
      Other Long-Term Assets   292,680       289,081  
        Total Assets $ 753,639     $ 747,076  
                       
    Liabilities              
      Accounts Payable $ 19,863     $ 13,231  
      Accrued Liabilities   40,343       43,413  
      Other Current Liabilities   18,658       11,494  
        Total Current Liabilities $ 78,864     $ 68,138  
                       
      Long-Term Debt $ 125,000     $ 127,000  
      Asset Retirement Obligation   131,158       129,700  
      Other Long-Term Liabilities   15,680       13,326  
        Total Liabilities $ 350,702     $ 338,164  
                       
    Shareholders’ Equity              
      Common Stock & APIC $ 440,266     $ 440,380  
      Accumulated Earnings (Deficit)   (37,329 )     (31,468 )
        Total Shareholders’ Equity $ 402,937     $ 408,912  
                       
    Selected Financial Data – Unaudited      
    Statements of Cash Flows Data      
           
      Three Months   Three Months
      Ended   Ended
    (Amounts in $000s) March 31, 2025   December 31, 2024
           
           
    Net cash provided by (used in) operating activities $ 25,501     $ 12,455  
    Net cash provided by (used in) investing activities   (21,497 )     (19,379 )
    Net cash provided by (used in) financing activities   (4,004 )     6,924  
           
    Selected Operating and Financial Data (Tables)      
    Reconciliation of Unaudited GAAP Financial Measures to Non-GAAP Financial Measures    
    Adjusted EBITDA and Free Cash Flow      
             
        Three Months   Three Months
        Ended   Ended
    (Amounts in $000s) March 31, 2025   December 31, 2024
             
    Reconciliation of Adjusted EBITDA to Net Cash Provided from Operating Activities:    
      Net cash provided by operating activities $ 25,501     $ 12,455  
      Changes in working capital   (5,372 )     4,770  
      Interest expense, net   3,519       3,684  
      Amortization of gain associated with terminated commodity derivatives   159       159  
      Amortization and write-off of deferred financing fees   (315 )     (315 )
      Exploration costs   6       10  
      Acquisition and divestiture related costs   1,629       1,424  
      Plugging and abandonment cost   171       754  
      Current income tax expense (benefit)   1       (2,132 )
      Pipeline incident loss   396       2,405  
      (Gain) loss on sale of properties   (6,251 )     (1,367 )
    Adjusted EBITDA: $ 19,444     $ 21,847  
             
    Reconciliation of Free Cash Flow to Net Cash Provided from Operating Activities:    
    Adjusted EBITDA: $ 19,444     $ 21,847  
      Less: Cash interest expense   3,545       3,598  
      Less: Capital expenditures   23,117       15,324  
    Free Cash Flow: $ (7,218 )   $ 2,925  
             
    Selected Operating and Financial Data (Tables)      
    Reconciliation of Unaudited GAAP Financial Measures to Non-GAAP Financial Measures    
    Adjusted EBITDA and Free Cash Flow      
             
        Three Months   Three Months
        Ended   Ended
    (Amounts in $000s) March 31, 2025   December 31, 2024
             
    Reconciliation of Adjusted EBITDA to Net Income (Loss):      
      Net income (loss) $ (5,861 )   $ (7,429 )
      Interest expense, net   3,519       3,684  
      Income tax expense (benefit) – current   1       (2,132 )
      Income tax expense (benefit) – deferred   (1,538 )     (886 )
      Depreciation, depletion and amortization   8,494       8,418  
      Accretion of asset retirement obligations   2,183       2,156  
      (Gains) losses on commodity derivatives   14,317       9,305  
      Cash settlements received (paid) on expired commodity derivative instruments   503       4,052  
      Amortization of gain associated with terminated commodity derivatives   159       159  
      Acquisition and divestiture related costs   1,629       1,424  
      Share-based compensation expense   1,890       1,686  
      (Gain) loss on sale of properties   (6,251 )     (1,367 )
      Exploration costs   6       10  
      Loss on settlement of AROs   (3 )     334  
      Bad debt expense         28  
      Pipeline incident loss   396       2,405  
    Adjusted EBITDA: $ 19,444     $ 21,847  
             
      Reconciliation of Free Cash Flow to Net Income (Loss):      
      Adjusted EBITDA: $ 19,444     $ 21,847  
      Less: Cash interest expense   3,545       3,598  
      Less: Capital expenditures   23,117       15,324  
      Free Cash Flow: $ (7,218 )   $ 2,925  
             
    Selected Operating and Financial Data (Tables)      
    Reconciliation of Unaudited GAAP Financial Measures to Non-GAAP Financial Measures    
    Net Income (Loss) to Adjusted Net Income (Loss)      
               
          Three Months   Three Months
          Ended   Ended
    (Amounts in $000s, except per share data) March 31, 2025   December 31, 2024
               
    Reconciliation of Adjusted Net Income (Loss):      
      Net income (loss) $ (5,861 )   $ (7,429 )
      Unrealized (gain) loss on commodity derivatives   14,820       13,357  
      Acquisition and divestiture related costs   1,629       1,424  
      Non-recurring costs:      
        Income tax expense (benefit) – deferred   (1,538 )     (886 )
        Gain on sale of properties   (6,251 )     (1,367 )
      Tax effect of adjustments   971       (12 )
        Adjusted net income (loss) $ 3,770     $ 5,087  
               
    Selected Operating and Financial Data (Tables)          
    Reconciliation of Unaudited GAAP Financial Measures to Non-GAAP Financial Measures      
    Cash General and Administrative Expenses          
               
      Three Months   Three Months
      Ended   Ended
    (Amounts in $000s) March 31, 2025   December 31, 2024
               
    General and administrative expense $ 10,815   $ 9,486
    Less: Share-based compensation expense   1,890     1,686
    Less: Acquisition and divestiture costs   1,629     1,424
    Less: Bad debt expense       28
    Less: Severance payments      
    Total Cash General and Administrative Expense $ 7,296   $ 6,348
               

    The MIL Network

  • MIL-OSI USA: Congressman Don Davis Joins Global Security Leaders at the London Defence Conference 2025

    Source: US Congressman Don Davis (NC-01)

    London, U.K.  Congressman Don Davis (NC-01), a U.S. Air Force veteran and the vice ranking member of the House Armed Services Committee, participated in a panel at the London Defence Conference 2025 entitled “Facing China, Russia, Iran, and North Korea (CRINK),” focused on emerging threats to the post-World War II global order and the strengthening alliance between CRINK nations. The conference took place during the 80th anniversary of Victory in Europe (VE) Day marking the end of World War II.

    With its theme of “Alliances,” the London Defence Conference 2025 comes at a crucial moment in global affairs. The U.S.-led network of alliances is facing internal strains and threats to its continued existence. The panel discussions on these topics took place among former heads of state, members of the U.S. Congress, members of the British Parliament, and non-government foreign policy experts.

    “The importance of these discussions is growing as we face emerging global threats. Our shared defense remains essential for safeguarding democracies around the world,” said Congressman Don Davis. “As we commemorate the 80th anniversary of VE Day, we are reminded of the enduring value of our allies. We must maintain unity in addressing threats posed by countries such as China, Russia, Iran, North Korea, and other global extremists.”

    During the “Facing CRINK” panel, participants addressed emerging threats  to the post-World War II global order and emphasized the importance of reinforcing alliances such as North Atlantic Treaty Organization (NATO).

    Specific topics included Russia’s invasion of Ukraine, belligerence from the People’s Republic of China in the Indo-Pacific, and Iran’s malign actions in the Gulf. Panelists discussed best practices for uniting the free world and ensuring internal political divisions do not divide the West against common foes.

    Congressman Don Davis serves as the vice ranking member of the House Armed Services Committee and sits on the Subcommittees on Tactical Air and Land Forces and Readiness. He graduated from the U.S. Air Force Academy in 1994, a co-chair of the For Country Caucus and is a veteran of the U.S. Air Force.

    MIL OSI USA News

  • MIL-OSI Global: Trump’s bid to end birthright citizenship heads to the Supreme Court

    Source: The Conversation – USA – By Jean Lantz Reisz, Clinical Associate Professor of Law, Co-Director, USC Immigration Clinic, University of Southern California

    President Donald Trump’s executive order on birthright citizenship resurrects a dissenting argument in an 1898 case that went before the Supreme Court. iStock/Getty Images Plus

    For more than 150 years, people who were born within U.S. territory automatically received citizenship – regardless of their parents’ immigration status.

    President Donald Trump’s January 2025 executive order on birthright citizenship – stating that children born in the U.S. to parents who are not in the country legally, or who are not permanent residents, cannot receive citizenship – threatens to upend this precedent.

    The Supreme Court is set to hear arguments on the case on May 14, 2025.

    This comes after federal judges in three cases that took place in Maryland, Massachusetts and Washington banned Trump’s order from going into effect, determining that the president cannot change or limit the Constitution by executive order.

    The Trump administration has argued that courts previously did not interpret the 14th Amendment’s citizenship clause correctly. But the administration’s argument in its emergency appeal to the Supreme Court is different. The administration is asking the Supreme Court to narrow the federal judges’ bans on implementing the order so their rulings apply only to the noncitizen plaintiffs named in those specific cases. If the Supreme Court justices agree, that could mean Trump’s executive order could apply to all of the other noncitizens not named in the cases at hand.

    The president has broad powers when enforcing immigration laws and has the most discretion to use this authority when immigration is a national security issue.

    At the same time, as an immigration law scholar, I understand that the president’s immigration power is limited by federal laws and the Constitution. American citizenship is a right that is spelled out in the Constitution – and the Constitution does not give the president the power to change how someone gets citizenship in the country.

    Washington state Attorney General Nick Brown speaks to the media after a federal judge blocked President Donald Trump’s executive order on birthright citizenship on Feb. 6, 2025.
    Jason Redmond/AFP via Getty Images

    What the Constitution says about birthright citizenship

    Ratified in 1868, the 14th Amendment citizenship clause states, “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States. …”

    There are currently two exceptions to who can receive birthright citizenship: children of war enemies who are occupying the U.S. and children of noncitizens working as foreign diplomats in the U.S.

    Trump’s executive order states there is now a third exception – the child of a mother who is living in the country without legal authorization, or has a temporary visa, if the father is also not a lawful permanent resident or U.S. citizen.

    Since Trump’s Jan. 20 executive order, multiple states, cities, immigration rights organizations and private individuals, including pregnant mothers, have sued Trump. They have also sued the government agencies he instructed to deny citizenship to children born in the U.S. to noncitizens.

    If the president’s executive order were to fully take effect, hundreds of thousands of babies born in the U.S. would be living in the country illegally. They could be deported by the U.S. government and would potentially be stateless, meaning without citizenship in any country.

    If these babies stayed in the U.S., they would also be denied basic rights and privileges given to U.S. citizens, such as government-provided health care insurance and legal identification documents.

    Once these children became adolescents and then adults, they could not receive federal financial aid for education, may not be eligible to legally work and could not vote.

    This would create a vast and indefinitely growing population of noncitizens who are born and raised in the U.S. but do not have the legal right to stay there.

    What led to the 14th Amendment

    In 1868, the required 28 of the then 37 U.S. states ratified the 14th Amendment. This ensured that certain states did not deny citizenship to freed former slaves, who were of African descent and forcibly sent to the U.S., as well as their children.

    About 30 years later, a U.S.-born man of Chinese descent named Wong Kim Ark was returning home to San Francisco after visiting his parents in China. U.S. authorities would not let him leave a steamship docked in the San Francisco harbor and enter the U.S.

    Government officials prevented his entry under the Chinese Exclusion Act of 1882, a discriminatory law that barred Chinese nationals from entering the U.S. and becoming naturalized citizens, among other restrictions.

    Wong argued that he was a U.S. citizen at birth and not barred by the exclusion laws.

    The Supreme Court, albeit not unanimously, decided in 1898 that Wong was a citizen, since he was born in a U.S. territory.

    The Supreme Court noted that the framers of the 14th Amendment relied on the British legal principle of “jus soli,” a Latin term meaning right of soil, to give automatic citizenship to anyone born on U.S. soil. Under jus soli, any person born within the kingdom of the British king was a citizen of that kingdom.

    U.S. courts and lawmakers have similarly interpreted the 14th Amendment to automatically give citizenship to all children born in the U.S., even if their parents are immigrants.

    In 1952, Congress passed the Immigration and Nationality Act, which incorporated language from the 14th Amendment into immigration law. This included the phrase that “any person born in the United States, and subject to the jurisdiction thereof” is a “citizen of the United States at birth.”

    The 1952 statute did not exclude children born to immigrants living in the U.S. without legal authorization or immigrants with a temporary visa.

    In 1995, the Office of Legal Counsel for the Department of Justice evaluated proposed federal legislation that would deny birthright citizenship to certain children, based on their parents’ immigration status. The Department of Justice determined the legislation would be “unquestionably unconstitutional” and it did not become law.

    Less than 10 years later, the Supreme Court recognized in 2004 that accused Taliban fighter Yasser Hamdi had certain rights as a U.S. citizen. Hamdi was born in Louisiana to Saudi Arabian parents who had temporary visas.

    Wong Kim Ark was born in the U.S. but denied reentry in 1895 in a case that went to the Supreme Court.
    National Archives/Interim Archives/Getty Images

    Trump’s 14th Amendment claims

    Whether Trump’s executive order ultimately survives depends on how the Supreme Court interprets the phrase “subject to the jurisdiction thereof” in the 14th Amendment.

    The Trump administration argues that this phrase was never meant to include the children of immigrants who were living in the U.S. without legal authorization or with temporary visas. The administration also says the phrase “subject to the jurisdiction thereof” means more than just being born in U.S. territory. It means having undivided sovereign allegiance to the U.S. government.

    The Trump administration argues that U.S.-born children of noncitizens owe allegiance to a different country.

    This is an old argument, based on the dissenting opinion in the Wong Kim Ark case in 1898. The Supreme Court already rejected this argument in that case.

    The courts are following historical precedent

    Three federal judges in the cases before the Supreme Court all determined in 2025 that Trump’s executive order is likely unconstitutional.

    The Washington judge, for example, said in February that the administration was rehashing a century-old losing argument.

    The appellate courts have also denied the government’s requests to change the preliminary injunctions.

    For over a century, the federal government has recognized that nearly every child born in the U.S., regardless of who their parents are, automatically becomes a U.S. citizen.

    Now, the Supreme Court will decide whether there is merit to the Trump administration’s technical argument that the federal judges’ block on its executive order should apply to plaintiffs in the three cases – an option that could permit the executive order to apply to all other noncitizens, even if it is unconstitutional.

    Whether the executive order itself is constitutional would be a question left for a later date. However, that date may come after the executive order causes irreversible damage to U.S. citizens.

    Jean Lantz Reisz does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Trump’s bid to end birthright citizenship heads to the Supreme Court – https://theconversation.com/trumps-bid-to-end-birthright-citizenship-heads-to-the-supreme-court-248819

    MIL OSI – Global Reports

  • MIL-OSI United Nations: Committee on the Rights of the Child Opens Ninety-Ninth Session, Adopts New Bureau with Sopio Kiladze as Chairperson

    Source: United Nations – Geneva

    The Committee on the Rights of the Child this morning opened its ninety-ninth session, which is being held in Geneva from 12 to 30 May, during which the Committee will review reports on the efforts to adhere to the Convention on the Rights of the Child of Brazil, Indonesia, Iraq, Norway, Qatar and Romania, as well as on Brazil’s efforts to implement the Optional Protocol to the Convention on the sale of children, child prostitution and child pornography.

    In an opening statement, Andrea Ori, Chief, Groups in Focus Section, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, said the Committee’s work was more crucial than ever.  Significant progress in children’s rights, which seemed secure until recently, was now severely disrupted.  Children worldwide were increasingly affected by a convergence of crises, including economic downturns, climate change, public health emergencies, and armed conflicts.

    Mr. Ori warned that the recent global funding crisis exacerbated the situation of children, with a daunting forecast ahead.  The United Nations Children’s Fund had projected that in 2025, at least 14 million children would experience interruptions in vital nutrition support and services due to current and anticipated funding cuts, putting them at increased risk of severe malnutrition and death.  The capacity to vaccinate over 15 million vulnerable children against measles in fragile and conflict-affected countries would also be drastically reduced.

    Considering the troubling outlook for children, Mr. Ori said, there was an urgent need for coordinated global efforts to safeguard children’s rights and ensure their well-being.  Now, more than ever, it was crucial for governments to fulfil their commitments under the Convention on the Rights of the Child.

    Mr. Ori concluded by wishing the Committee all the best for a productive session.

    During the meeting, the Committee elected a new Chair and Bureau.  Sopio Kiladze (Georgia) was elected as Chair, and Cephas Lumina (Zambia), Thuwayba Al Barwani (Oman), Philip D. Jaffe (Switzerland), and Mary Beloff (Argentina) were elected as Vice-Chairs. 

    The Committee also welcomed four new members – Timothy. P.T. Ekesa (Kenya), Mariana Ianachevici (Republic of Moldova), Juliana Scerri Ferrante (Malta), and Zeinebou Taleb Moussa (Mauritania) – and welcomed back Mr. Lumina, who previously served as a member from 2017 to 2021.   They made their solemn declaration. 

    Ms. Kiladze said it was a pleasure and honour to be elected as Chair of the Committee.  She said her election came at a difficult time in which many children around the world were affected by violations of their rights. She said it was vital that the Committee continued to work for the protection of the rights of children everywhere.

    Before adopting the session’s agenda, the Committee also heard statements from representatives of the Office of the United Nations High Commissioner for Human Rights, United Nations Children’s Fund, Child Rights Connect, and the Secretary of the Committee.

    Summaries of the public meetings of the Committee can be found here, and webcasts of the public meetings can be found here.  The programme of work of the Committee’s ninety-ninth session and other documents related to the session can be found here.

    The Committee will next meet in public at 3 p.m. this afternoon to consider the seventh periodic report of Norway (CRC/C/NOR/7).

    Statements

    ANDREA ORI, Chief, Groups in Focus Section, Human Rights Council and Treaty Mechanisms Division, Office of the High Commissioner for Human Rights, and Representative of the Secretary-General, welcomed the four new members of the Committee: Timothy Ekesa (Kenya), Mariana Ianachevici (Republic of Moldova), Juliana Scerri Ferrante (Malta), and Zeinebou Taleb Moussa (Mauritania), and the returning member Cephas Lumina (Zambia).  Each member brought valuable and diverse experiences that would greatly enhance the Committee’s work.  Additionally, he congratulated the members who had been re-elected for another term: Rinchen Chophel (Bhutan); Sopio Kiladze (Georgia); Benyam Dawit Mezmur (Ethiopia); and Benoit Van Keirsbilck (Belgium).

    The Committee’s work was more crucial than ever.  Significant progress in children’s rights, particularly in health and education, which seemed secure until recently, was now severely disrupted.  Children worldwide were increasingly affected by a convergence of crises, including economic downturns, climate change, public health emergencies, and armed conflicts.  The recent global funding crisis exacerbated their situation, with a daunting forecast ahead. 

    The United Nations Children’s Fund had projected that in 2025, at least 14 million children would experience interruptions in vital nutrition support and services due to current and anticipated funding cuts, putting them at increased risk of severe malnutrition and death.  The capacity to vaccinate over 15 million vulnerable children against measles in fragile and conflict-affected countries would be drastically reduced.  Immunisation services, disease surveillance, and outbreak responses in nearly 50 countries were already facing disruptions.

    Mr. Ori said, quoting the High Commissioner for Human Rights, “human rights are like air: we need them to live— but we only notice them when we are suffocating.”  Today, countless children worldwide were suffocating as their rights were denied and overlooked.  Considering the troubling outlook for children, there was an urgent need for coordinated global efforts to safeguard their rights and ensure their well-being. Now, more than ever, it was crucial for governments to fulfil their commitments under the Convention on the Rights of the Child.

    The global funding crisis was also affecting the Committee’s work directly.  Its pre-sessional working group, scheduled to be held after this session, was cancelled as funding was not available.  Altogether, 15 sessions across 10 treaty bodies were at stake, and it was highly likely that, for those treaty bodies with three sessions, the Office of the High Commissioner would not be able to secure the funding to hold the third session.  The lack of predictability and the piecemeal approach with last-minute confirmation created huge uncertainty, led to wasted time and effort, and higher costs.

    The Office of the High Commissioner had received only 73 per cent of its approved regular budget in 2025, and 87 per cent of its approved regular budget in 2024.  As a result, the United Nations Secretariat was implementing a hiring freeze until August 2025.  This would impact on regular budget posts approved to support the treaty body system, which currently could not be filled.  The Secretariat was in a similar situation last year, and this had led to increased backlogs in reviewing State party reports and backlogs in registering and analysing individual communications.

    The United Nations Office at Geneva’s conference services had also adopted cash conservation measures, which would impact on the conference support provided to the United Nations human rights treaty bodies, particularly in terms of documentation, meeting time, and interpretation, with an overall reduction of 10 per cent.  This meant treaty bodies’ mandated activities would be even more affected in 2025 than in 2024, impacting their ability to have dialogues with States parties and to make decisions on individual communications, resulting in further delays and backlogs.  The Office was also forced to significantly reduce treaty body capacity building activities, which provided support for States to report to, and interact with, treaty bodies.

    All this caused real damage to predictability, which was so important for States, civil society organizations and rights-holders to engage with treaty bodies.  Given the overall reduction in funds and availability of support services, “business as usual” would no longer be possible and the treaty bodies needed to plan on doing less with less.

    On a more positive note, the annual meeting of Chairpersons of human rights treaty bodies would be held in Geneva from 2 to 6 June.  The Chairs would dedicate the meeting to the liquidity crisis, which was affecting the very existence of treaty bodies if they could no longer fulfil their mandates, and to discuss what could be done to increase predictability within the current financial and human constraints, including reviewing the decisions and recommendations from their last meeting and their working methods.

    The 2025 full-day meeting on the rights of the child at the Human Rights Council on 13 March, which focused on early childhood development, featured speeches by children and an informal dialogue on the topic between a group of young people, Member States and the High Commissioner.

    The first session of the Open Ended Inter-Governmental Working Group on an Optional Protocol to the Convention on education would be held from 1 to 5 September in Geneva.  The Office was working closely with the sponsors of the resolution to establish the modalities for the process leading up to the first session of the Inter-Governmental Working Group and its programme of work. A call for submissions was issued in March for the attention of States, civil society, United Nations agencies and children, for whom a toolkit for consultations had been prepared.

    In conclusion, Mr. Ori wished the Committee all the best for a productive session, saying that he looked forward to working with the new Chair and Bureau of the Committee for the next two years.

    SOPIO KILADZE, newly elected Committee Chair, said it was a pleasure and honour to be elected as Chair of the Committee.  She said her election came at a difficult time in which many children around the world were affected by violations of their rights.  It was vital that the Committee continued to work for the protection of the rights of children everywhere.

    Regarding the session’s agenda, Ms. Kiladze said that the Committee would hold dialogues to consider the reports of six States parties: Brazil, Indonesia, Iraq, Norway, Qatar and Romania.  The scheduled review of Pakistan was postponed to a later session at the request of the State party.

    During the session, the Committee would continue its discussions on how its cooperation with various relevant bodies could be further strengthened to enhance the promotion and protection of the rights of the child.  It would also discuss the organisation of its future work and consideration of States parties’ reports, focusing on issues related to its methods of work and follow-up to the treaty body strengthening process.

    In addition, the Committee would consider any communication and information it had received through its communication procedure and would continue to consider how to integrate days of general discussion into the process of developing general comments.  The Committee would also continue its work on its new general comment on children’s right to access to justice and to an effective remedy.

    ALLEGRA FRANCHETTI, Secretary of the Committee, said that no reports had been received under the Convention since the last session, with the total number of reports pending consideration remaining at 62.  The total number of ratifications of the Convention remained at 196, while 64 periodic reports were overdue, of which 10 for more than five years and five for more than 10 years.

    There had been one new accession to an Optional Protocol to the Convention since the last session, with Estonia acceding to the Optional Protocol on a communications procedure.  The total number of ratifications of the Optional Protocol to the Convention on the involvement of children in armed conflict remained at 173, while ratifications of the Optional Protocol to the Convention on the sale of children, child prostitution and child pornography remained at 178, and ratifications of the Optional Protocol to the Convention on a communications procedure was now at 53. 

    No new reports had been received under any of the Optional Protocols.  There were 37 initial reports overdue under the Optional Protocol on the involvement of children in armed conflict; and 47 overdue under the Optional Protocol on the sale of children, child prostitution and child pornography.

    Statements by United Nations Bodies and Civil Society Representatives

    Office of the United Nations High Commissioner for Human Rights said the current global political and financial environment was difficult and complex.

    The Office introduced reports to be presented at the upcoming June session of the Human Rights Council related to children’s rights, including the second report of the High Commissioner on child rights mainstreaming, a report on the use of digital technologies to achieve universal birth registration, and a report on ensuring quality education for children.

    The Office was also preparing a report on the rights of the child and violations of the human rights of children in armed conflicts, which would be presented at the September session of the Human Rights Council, and a report on the safety of the child in the digital environment, which would be presented at the Council in 2026. 

    In addition, the Office had held a capacity-building roundtable with Member States on 5 June on strengthening child participation at the Human Rights Council, and it continued to contribute to the civil society and academia-led process to develop global guidelines on child participation in global events, helping to convene two participatory surveys that had reached over 200 children worldwide.

    The Office encouraged Committee members and other parties to participate in the Fifth World Conference on Justice for Children, to be held in Spain for 2 to 4 June.  The Office would work with the Committee to protect children’s rights in this difficult time.

    United Nations Children’s Fund commended the work of the Committee’s outgoing bureau and expressed its desire to work with the new Bureau and all Committee Experts.  Perhaps more than ever, the Committee was meeting at a time of great constraint for the international human rights system.  It was regrettable that the pre-sessional working group was cancelled. The Fund was discussing with the Committee regarding alternative means of engaging with children and civil society from the countries concerned in preparation for the next session.

    Armed conflicts, climate change, poverty, violence and inequalities, among other trends, continued to deprive millions of children of their rights, and the mere recognition that children had rights continued to be challenged in all parts of the world.  There was a normative pushback against children’s rights at the last Human Rights Council.  Most statements focused exclusively on children’s vulnerability and their right to protection, and did not highlight children’s agency, empowerment and participation.  In negotiations on a resolution on child rights defenders, there was much resistance to attempts to recognise their contributions.

    The Fund had held consultations with more than 7,000 children related to the Committee’s general comment 27 on children’s right to access to justice and to an effective remedy and had worked to develop a child-friendly version of the draft general comment. 

    The Fund had also worked on a child rights training course for its staff and had updated its handbook on the jurisprudence of the Committee.  Later in the year, the Fund would start to develop guidance on general measures of implementation, following the online guidance on children’s rights legislative reform launched last year.

    Child Rights Connect expressed its renewed commitment to supporting the Committee.  It welcomed the holding of the session, despite uncertainty due to the United Nations’ liquidity crisis, and requested the Committee to discuss the organisation of its future work, including how and when it would engage with children and civil society.

    Child Rights Connect raised deep concern about the impact on children of the funding crisis affecting the child rights sector.  Despite these circumstances, it continued to collaborate with stakeholders and carry out its mandate.  It welcomed the development of general comment 27, and had mobilised children and civil society around it, producing a methodology for consulting with children along with supporting child-friendly materials.  It had also recently launched a global survey on the digital protection of child human rights defenders, which collected the opinions and experiences of children who had stood up to protect human rights in the digital space.

    At a time when manifold crises affected children of the world, all persons holding mandates for children needed to strengthen joint efforts and find new ways of working with creativity to better serve children.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CRC25.009E

    MIL OSI United Nations News

  • MIL-OSI USA: Sherrill Statement Following The Release Of American Hostage Edan Alexander

    Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)

    WASHINGTON, DC — Today, Congresswoman Mikie Sherrill issued the following statement after Edan Alexander was released: 

    “After 584 days in Hamas captivity, we’ve received the news that Edan Alexander, a young man from Tenafly, New Jersey, who was taken hostage on October 7, 2023, is finally free and reunited with his family

    “Edan’s family never gave up hope and never stopped fighting for their son and the remaining hostages. Their resilience inspires us all.

    “I want to thank everyone who was involved in securing Edan’s release today. As we breathe a sigh of relief across New Jersey, we are reminded that there is more work to be done. We must remain steadfast in our commitment to bringing every single hostage home while protecting innocent civilians in Israel and Gaza alike, and working towards a ceasefire that provides security and stability across the region.

    “I’m sending prayers for love, health, and healing to Edan and the entire Alexander family in the days ahead.”

    ###

    MIL OSI USA News

  • MIL-OSI Europe: Oral question – Adding Samidoun and Masar Badil to the EU terrorist list – O-000014/2025

    Source: European Parliament

    Question for oral answer  O-000014/2025
    to the Council
    Rule 142
    Bert-Jan Ruissen
    on behalf of the ECR Group

    Samidoun (also known as the Palestinian Prisoner Solidarity Network), founded in 2011, actively promotes the destruction of Israel through terrorist acts and sees the EU, the US and Canada as complicit in Israel’s colonisation. Samidoun therefore poses a threat to the EU’s security. Samidoun has been classified as a terrorist entity by the US and Canada and has been banned in Germany.[1] The US considers Samidoun a proxy for fundraising for the Popular Front for the Liberation of Palestine, which is already on the EU terrorist list. The leadership of the organisation Masar Badil (also known as the Palestinian Alternative Revolutionary Path Movement), founded in 2021, almost completely overlaps with that of Samidoun and it pursues the same objective. Samidoun and Masar Badil are not included on the EU terrorist list and can therefore fuel extremism in the EU unhindered.

    As the Council reviews the EU terrorist list every six months:

    • 1.Is listing Samidoun and Masar Badil as terrorist organisations under discussion in the Council?
    • 2.What steps have the Council or Member States taken to add Samidoun and Masar Badil to the EU terrorist list?
    • 3.If listing is not possible under current EU procedure, what measures should the EU take to ensure that Samidoun and Masar Badil are listed as terrorist organisations? Is this under discussion in the Council?

    Submitted: 7.5.2025

    Lapses: 8.8.2025

    • [1] US: Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; https://ofac.treasury.gov/recent-actions/20241015 Germany: Art. 9 Abs. 2 GG, § 3 Abs. 1 Satz 1, § 14 Abs. 1 und § 14 Abs. 2 Vereinsgesetz (VereinsG): https://www.bmi.bund.de/SharedDocs/pressemitteilungen/DE/2023/11/vereinsverbot-hamas-samidoun.html.
    Last updated: 12 May 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – 2023 and 2024 reports on Kosovo – P10_TA(2025)0094 – Wednesday, 7 May 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the Stabilisation and Association Agreement between the European Union and the European Atomic Energy Community, of the one part, and Kosovo, of the other part(1), which entered into force on 1 April 2016,

    –  having regard to Kosovo’s application for membership of the European Union of 15 December 2022,

    –  having regard to Kosovo’s application for membership of the Council of Europe of 12 May 2022,

    –  having regard to the framework agreement between the European Union and Kosovo on the general principles for the participation of Kosovo in Union programmes(2), in force since 1 August 2017,

    –  having regard to Regulation (EU) 2021/1529 of the European Parliament and of the Council of 15 September 2021 establishing the Instrument for Pre-Accession assistance (IPA III)(3),

    –  having regard to Regulation (EU) 2024/1449 of the European Parliament and of the Council of 14 May 2024 on establishing the Reform and Growth Facility for the Western Balkans(4),

    –  having regard to the Presidency conclusions of the Thessaloniki European Council meeting of 19 and 20 June 2003,

    –  having regard to the declarations of the EU-Western Balkans Summits of 17 May 2018 in Sofia, of 6 May 2020 in Zagreb, of 6 October 2021 in Brdo pri Kranju, of 6 December 2022 in Tirana, of 13 December 2023 in Brussels, and of 18 December 2024 in Brussels,

    –  having regard to the Berlin Process launched on 28 August 2014,

    –  having regard to the Commission communication of 5 February 2020 entitled ‘Enhancing the accession process – A credible EU perspective for the Western Balkans’ (COM(2020)0057),

    –  having regard to the Commission communication of 6 October2020 entitled ‘An Economic and Investment Plan for the Western Balkans’ (COM(2020)0641),

    –  having regard to the Commission communication of 8 November 2023 entitled ‘2023 Communication on EU Enlargement Policy’ (COM(2023)0690), accompanied by the Commission staff working document entitled ‘Kosovo 2023 Report’ (SWD(2023)0692),

    –  having regard to the Commission communication of 8 November 2023 entitled ‘New growth plan for the Western Balkans’ (COM(2023)0691),

    –  having regard to the Commission communication of 20 March 2024 on pre-enlargement reforms and policy reviews (COM(2024)0146),

    –  having regard to the Commission communication of 30 October 2024 entitled ‘2024 Communication on EU enlargement policy’ (COM(2024)0690), accompanied by the Commission staff working document entitled ‘Kosovo 2024 Report’ (SWD(2024)0692),

    –  having regard to the general summary and the country assessments by the Commission, dated 31 May 2023 and 13 June 2024, on Kosovo’s economic reform programme,

    –  having regard to the joint conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans and Türkiye, adopted by the Council on 16 May 2023 and to the joint conclusions of the Economic and Financial Dialogue between the EU and the Western Balkans Partners, Türkiye, Georgia, Republic of Moldova and Ukraine, adopted by the Council on 14 May 2024,

    –  having regard to UN Security Council Resolution 1244 of 10 June 1999, to the International Court of Justice (ICJ) advisory opinion of 22 July 2010 on the accordance with international law of the unilateral declaration of independence in respect of Kosovo, and to UN General Assembly Resolution 64/298 of 9 September 2010, which acknowledged the content of the ICJ opinion and welcomed the EU’s readiness to facilitate dialogue between Serbia and Kosovo,

    –  having regard to the first agreement on principles governing the normalisation of relations between Serbia and Kosovo of 19 April 2013, to the agreements of 25 August 2015, and to the ongoing EU-facilitated dialogue for the normalisation of relations,

    –  having regard to the Brussels Agreement of 27 February 2023 and the Ohrid Agreement of 18 March 2023 and to the implementation annex thereto,

    –  having regard to Council Decision (CFSP) 2023/1095 of 5 June 2023 amending Joint Action 2008/124/CFSP on the European Union Rule of Law Mission in Kosovo (EULEX Kosovo)(5), which extended the mission’s mandate until 14 June 2025,

    –  having regard to Regulation (EU) 2023/850 of the European Parliament and of the Council of 19 April 2023 amending Regulation (EU) 2018/1806 listing the third countries whose nationals must be in possession of visas when crossing the external borders and those whose nationals are exempt from that requirement (Kosovo)(6),

    –  having regard to the final report of the European Union Election Observation Mission on the 2021 municipal elections in Kosovo,

    –  having regard to the preliminary report of the European Union Election Observation Mission on the 2025 parliamentary elections in Kosovo,

    –  having regard to the fourth meeting of the Stabilisation and Association Council between the European Union and Kosovo held in Brussels on 7 December 2021,

    –  having regard to its previous resolutions on Kosovo,

    –  having regard to the joint recommendations adopted at the 12th meeting of the EU-Kosovo Stabilisation and Association Parliamentary Committee, held on 9 December 2024,

    –  having regard to the 2024 Corruption Perceptions Index by Transparency International,

    –  having regard to the 2024 World Press Freedom Index by Reporters Without Borders,

    –  having regard to the Democracy Report 2024 of March 2024 by the Varieties of Democracy (V-Dem) Institute,

    –  having regard to Rule 55 of its Rules of Procedure,

    –  having regard to the report of the Committee on Foreign Affairs (A10-0075/2025),

    A.  whereas enlargement policy is one of the most effective EU foreign policy instruments and one of the most successful policies to incentivise and encourage fundamental reforms, and is a strategic geopolitical investment in long-term peace, stability and security throughout the continent;

    B.  whereas democracy, human rights and the rule of law are the fundamental values on which the EU is founded;

    C.  whereas the EU enlargement process is a strategic tool for strengthening stability, democracy and economic development in Europe, and each enlargement country is judged on its own merits and whereas it is the implementation of the necessary reforms and compliance with the set of criteria and common European values that determines the timetable and progress of accession; whereas Kosovo’s path towards EU membership also depends on the normalisation of relations with Serbia;

    D.  whereas the EU is the largest provider of financial support to Kosovo;

    E.  whereas Kosovo has been subjected to foreign interference and disinformation campaigns, particularly from Russia, especially through Serbian nationalist outlets, and China, through soft power, aiming to destabilise its democratic institutions, jeopardise societal cohesion, and incite ethnic violence; whereas the Banjska/Banjskë attack in September 2023 was followed by a massive spread of disinformation that further exacerbated tensions; whereas Kosovo authorities adopted the Law on the Independent Media Commission (IMC) in July 2024; whereas, in May 2024, the Council of Europe published a legal opinion on the draft law on the IMC expressing concerns related to certain aspects of the at-that-time draft law, and providing recommendations on how to address these concerns; whereas the final text of the Law on the IMC did not reflect most of the recommendations made;

    F.  whereas the European Union Rule of Law Mission in Kosovo, also known as EULEX, is the largest civilian mission ever launched under the common security and defence policy of the European Union;

    G.  whereas in 2018 and 2023, petitions were signed by over 500 people who historically self-identify as Bulgarian;

    Commitment to EU accession

    1.  Commends Kosovo’s commitment to EU accession, which reflects a clear strategic geopolitical choice, and the continued strong support of its citizens for Kosovo’s European path; reiterates that Kosovo has been consistent in its efforts to integrate into the European Union;

    2.  Reiterates its firm belief that Kosovo’s future lies in the EU and that all efforts to bring Kosovo out of the ‘grey zone’ are in the interest of the people of both Kosovo and the EU, especially in the context of the current geopolitical dynamics in the region, rapid major shifts in world politics and growing competition with authoritarian regimes;

    3.  Supports Kosovo’s application for EU membership, which reflects the overwhelming cross-party consensus on EU integration and a clear geopolitical strategic choice; reiterates its call on the Member States in the Council to mandate the Commission to present its questionnaire and to submit its opinion on the merits of the country’s application; calls on the five non-recognising Member States that have not yet recognised Kosovo’s independence to do so without delay and thus allow Kosovo to progress on its EU path on an equal footing with the other candidate countries; recalls the advisory opinion of the ICJ dated 22 July 2010, which states that Kosovo’s unilateral declaration of independence does not violate general international law;

    4.  Recalls that membership of the European Union is based on a merit-based process, conditional on the rigorous implementation of reforms aligned with the highest European standards, in particular compliance with the Copenhagen criteria and the rule of law, and ensures the effective application of laws in practice; encourages Kosovo to continue its efforts in this regard, by further strengthening its commitment to the values and standards of the Union; stresses that enlargement also implies thorough preparation of potential new members, while respecting the economic stability of the internal market, social and environmental standards and the proper functioning of the European institutions;

    5.  Welcomes the visa liberalisation, adopted in April 2023 and in place since 1 January 2024, as a tangible result of Kosovo’s ever-closer relations with the EU and as evidence of Kosovo’s efforts on the path of European integration; welcomes Kosovo’s decision to unilaterally abolish visa requirements for citizens of Bosnia and Herzegovina; welcomes the decision of Spain to recognise ordinary passports issued by Kosovo as valid travel documents as of January 2024;

    6.  Notes the tangible progress in the areas of justice, freedom and security, the fight against organised crime and a functioning market economy; regrets the limited progress and calls for an acceleration of reforms in the area of rule of law; welcomes Kosovo’s ambition to advance the implementation of reforms, which remains the country’s priority; regrets the lack of a decision-making quorum in the Kosovo National Assembly, caused by the boycott of the Assembly work by political parties ahead of parliamentary elections;

    7.  Regrets the politicisation of institutions such as the Central Election Commission and the IMC;

    8.  Commends Kosovo’s ongoing alignment with the EU’s foreign and security policy, in particular its firm condemnation of Russia’s war of aggression against Ukraine, and its implementation of the EU’s restrictive measures against Russia and Belarus, aligning with the Union’s foreign policy, and its support through humanitarian aid and military assistance packages to Ukraine, which confirm that Kosovo is a reliable and valuable partner committed to EU integration and confirms its clear geopolitical orientation, firmly anchored in the European and transatlantic alliance;

    9.  Calls for the immediate lifting of the EU measures against Kosovo, which are no longer justified as Kosovo has fulfilled the EU requirements and as the measures also stand in gross contradiction to Kosovo’s demonstrated commitment to European values and alignment with EU policies, limiting the impact of the EU’s partnership with Kosovo and hindering the resumption of the Belgrade-Pristina dialogue in good faith;

    10.  Reiterates its full support for Kosovo’s application for membership of the Council of Europe and for the country’s strategic orientation plan to join the NATO Partnership for Peace programme and its bids to join other international organisations; calls on the relevant organisations and the Member States to proactively support Kosovo’s respective bids; calls on the Commission and the EU Office in Kosovo to step up their efforts in enhancing visibility and promoting the role, efforts and benefits of the closer partnership between the EU and Kosovo;

    11.   Welcomes the fact that Kosovo reduced administrative burden by simplifying procedures through the implementation of the related program for 2022-2027; notes that the strategic framework for public administration is in place, but not efficiently implemented; regrets the fact that delays in public administration reform have left EU funding management weak and that accountability in the public sector is insufficient; calls on Kosovo to improve public administration and the merit-based civil service system by amending and adopting the Law on public officials and the Law on the independent oversight board of civil service;

    12.  Regrets that the Kosovo Constitutional Court ruling on the Law on salaries, which unifies the current system of remuneration for public officials, is not yet functional; calls on the Kosovo Government to revise its legislation on public financial management to meet international standards and to incorporate the public investment methodology into the revised legislation;

    Democracy and the rule of law

    13.  Welcomes the important and positive progress on addressing many of the EU Election Observation Mission’s (EU EOM) long-standing recommendations and on presenting a consensual law on general elections; notes that this provides an adequate basis for the conduct of democratic elections, in line with international and regional standards; notes that in response to an invitation by the president of Kosovo, the European Union deployed an EU EOM, including an observer delegation of Members of the European Parliament, to observe the parliamentary elections in Kosovo on 9 February 2025; welcomes the conclusions of the EU EOM confirming the conduct of peaceful, free and fair elections on 9 February 2025 with the participation of all communities in Kosovo; regrets the harsh rhetoric of the political parties during the campaign; takes note of the technical problems encountered during the counting process and encourages the Kosovo authorities to increase their efforts to improve the organisation of the next elections; notes the lack of genuine political pluralism within the Kosovo Serb community at the parliamentary elections, despite multiple Kosovo Serb electoral lists; is concerned by reports of continuous pressure on voters from the Serbian community exercised by Belgrade; condemns the repeated interference in the electoral campaign by US Special Envoy Richard Grenell;

    14.  Notes with concern the political deadlock caused by the fragmented political landscape and failure so far to elect a speaker of the Parliament, hindering the formation of a government following the legislative elections of 9 February 2025 and delaying the parliamentary reading of several budgetary texts; encourages the political parties to work together to overcome this stalemate as soon as possible;

    15.  Notes with concern that the Law on Local Elections and the Law on General Elections are still not implemented and harmonised with the Law on Gender Equality, which mandates 50 % equal representation of women and men; regrets that women continue to be underrepresented;

    16.  Welcomes the adoption of the law on the Special Prosecution Office and the progress in adjudicating corruption cases; commends the active work of the Special Prosecution Office for solving seven war crime cases; calls for further clarification of the division of jurisdiction between the Special Prosecution Office and the Basic Prosecution in handling investigations and prosecutions; calls on Kosovo to continue strengthening the Special Prosecution Office by enhancing its capacity to investigate and prosecute high-profile organised crime cases; calls on the police and Special Prosecution Office to work closely together to develop strategies for conducting investigations more effectively, with a clear division of responsibility;

    17.  Takes note of the progress in Kosovo’s ranking in the Corruption Perceptions Index, as it has moved upward 10 places since last year, considering it to be a positive development while acknowledging that this is attributable both to decreases in other countries’ scores and, more significantly, to the adoption of qualitative legislation, but that it still remains largely unsatisfactory; emphasises that gaining people’s trust requires not only legislative reforms but also visible results in investigating, prosecuting and convicting cases of corruption at all levels; regrets that Kosovo has lacked an anti-corruption strategy since 2019 and urges for more efforts to finalise it as a matter of priority; reiterates that strong political commitment is necessary to establish a solid track record in fighting high-level corruption; reiterates that strong political commitment is necessary to establish a solid track record in fighting high-level corruption;

    18.  Expresses serious concern about systemic vulnerabilities in Kosovo’s judiciary, particularly regarding the independence of the justice system and respect for separation of powers; reiterates its concern about delays to trials and continued criticism by government officials of judicial decisions in individual cases; welcomes the fact that in December 2024, the government submitted its draft legislation on judicial reforms to the Venice Commission and that the first opinion was issued by the latter on 18 March 2025; calls on Kosovo to ensure that legislation governing the integrity and accountability of the judiciary is consistent with European standards and Venice Commission recommendations; calls on the Government of Kosovo to allocate adequate budget for the judicial system; welcomes the establishment of the Commercial Court, progress in the recruitment of new judges and prosecutors in a merit-based and transparent process, and an overall increase of transparency;

    19.  Welcomes the participation of Kosovo Serbs in the parliamentary elections and encourages their elected representatives to play an active role within the Kosovo legislative framework, in support of Kosovo’s European future; regrets, however, the boycott of parties representing Kosovo Serbs during the local elections in April 2023 and the withdrawal of Kosovo Serbs from Kosovo institutions; expresses concern over Serbia’s interference in the parliamentary elections through Srpska Lista (SL);

    20.  Welcomes the implementation of the 2016 judgement of the Constitutional Court on the Visoki Dečani/Deçani Monastery land ownership by registering the monastery as the owner, in March 2024;

    21.  Welcomes the steady increase in organised crime sentences and the fact that the legal framework on the fight against organised crime is aligned with the EU acquis; emphasises the need for prosecution services and police to strengthen their joint action against criminal groups and networks; expresses concern about the security challenges in the north of Kosovo, particularly following the Banjska/Banjskë attack in September 2023, which demanded significant police resources; emphasises the need to deepen cooperation in the field of combating drug trafficking; calls for further alignment regarding the fight against terrorism;

    22.  Welcomes the adoption of the strategy and action plan on control of small arms light weapons and explosives, as well as the high level of compliance with the rules of the UN Firearms Protocol;

    23.  Remains concerned over the slow implementation of the rule of law strategy and action plan;

    24.  Reaffirms its commitment to maintaining and strengthening its cooperation with the Kosovo Assembly and its members in support of democratic processes related to Kosovo’s European path by using Parliament’s existing democracy support tools and initiatives; believes that this partnership can be revitalised and further reinforced following the democratic elections held on 9 February 2025; encourages the active involvement and collaboration of all elected members of the newly formed Kosovo Assembly;

    25.  Condemns the serious security incidents in the north of Kosovo in late November 2024, the gravest act occurring near the village of Vragë in Zubin Potok, where explosive devices damaged critical infrastructure by targeting the main channel of the Ibër Lepenc system; expresses its support for Kosovo’s institutions in conducting a full investigation of these criminal actions so that the perpetrators will be brought to justice;

    26.  Commends the work of EULEX, which has been assisting Kosovo authorities in establishing sustainable and independent rule of law institutions;

    Fundamental freedoms and human rights

    27.  Notes that Kosovo has the necessary institutional set-up for the promotion and protection of human rights; welcomes the adoption of the strategy for the protection and promotion of the rights of communities; emphasises, however, that human rights protection remains weak owing to the lack of legislative implementation, political will and limited human and financial resources and calls for strengthened enforcement and accountability mechanisms;

    28.  Acknowledges that Kosovo’s constitution is very progressive in terms of protection of minority rights; notes with regret that the petition signed by nearly 500 people who have historically self-identified as Bulgarian, which was registered at the Assembly of Kosovo in January 2023, has still not been considered and recommends that those rights be enshrined in law and ensured in practice; calls on Kosovo to ensure that all minorities recognised under the Law on protection of minority rights and members of their communities, are fully incorporated into the country’s constitution; calls on the Kosovo authorities to step up efforts to protect the rights of all minorities, including national communities, in particular vulnerable national communities, and to provide them equal opportunities and adequate representation in political and cultural life, public media, the administration and the judiciary, as well as prevent their assimilation and promote their integration into Kosovo’s society and strengthen activities to eliminate social and economic challenges of these national minorities;

    29.  Welcomes the increase in funding to shelters for victims of domestic violence and trafficking; notes that domestic violence remains the most common form of gender-based violence; expresses concerns that the system continues to fail in ensuring the effective prevention of domestic violence;

    30.  Regrets that the adoption of the draft Civil Code of Kosovo remains pending; highlights that the draft Civil Code addresses several important issues related to gender equality as a fundamental EU value, including enabling an equal share of joint marital property among women and men spouses; stresses the importance of ensuring rights for all people in Kosovo in the Civil Code to safeguard respect for constitutional rights and opportunities for the LGBTIQ community; expresses concern that women remain under-represented in senior political positions, specifically related to security and the dialogue, and emphasises the urgent need for their involvement in peacemaking and reconciliation processes, in line with United Nations Security Council Resolution 1325 on Women, Peace and Security; calls for more efforts to be made to improve the place of women in society;

    31.  Notes that the prison system broadly follows UN Standard Minimum Rules and calls for the better protection of the rights of prisoners, particularly female, minority and mentally ill prisoners; remains concerned that discriminatory language against women and LGBTIQ people persists, and calls on the authorities to create and implement a national gender strategy for research fields, such as science, technology, engineering, and mathematics; commends the participation of women in high-quality business and management training programmes, as well as in ICT related domains, facilitated by the instrument for pre-accession assistance funds; regrets that women from minority groups, particularly the Roma, Ashkali and Egyptian communities, face numerous forms of discrimination, particularly in education, employment and access to healthcare; expresses concerns that the central administration does not adequately represent minority communities, and the number of women in senior positions is low;

    32.  Regrets that the UN Convention on the Rights of Persons with Disabilities has not yet been adopted; expresses concerns that there is insufficient alignment between Kosovo’s legislation and the EU acquis on the rights of people with disabilities, who face discrimination and barriers to accessing social services;

    33.  Welcomes Kosovo’s consistent improvement in its position in the 2024 Liberal Democracy Index and Electoral Democracy Index, as prepared by the Varieties of Democracy Institute, which measures the rule of law, checks and balances, civil liberties, and free and fair elections;

    34.  Takes note of Kosovo’s pluralistic media environment while awaiting the decision of the Constitutional Court on the main media law and underlines the role of the IMC, whose independence in decision-making needs to be strictly ensured and full functioning restored; regrets, however, the decline in Kosovo’s media freedom, as evidenced by its drop from the 56th to the 75th place in the 2024 World Press Freedom Index; reaffirms that media pluralism and transparency are prerequisites for EU accession; calls for greater transparency on media ownership and financing with a view to enhancing media independence and pluralism; emphasises the need for robust measures to protect journalists from harassment and intimidation, and to ensure the independence of media regulatory bodies; notes the concerns raised by civil society about the allegedly politically motivated election of the Chair of the IMC; urges the Kosovo authorities to further revise the Law on the IMC in order to include the recommendations made by the Council of Europe, thus aligning the national law with EU standards and practices; recommends increased support for independent media outlets and fact-checking organisations in Kosovo, recognising their crucial role in countering disinformation and providing accurate information to the public; encourages the EU to provide technical and financial assistance to these entities; encourages the Kosovo authorities to request tailor-made Technical Assistance and Information Exchange expert missions bodies; calls for the adoption of the law on Radio Television of Kosovo and the law on the protection of journalists’ sources;

    35.  Expresses concern over the recent cyberattack targeting Kosovo’s digital infrastructure; urges the Kosovo Government to reinforce its capacities to combat foreign interference and disinformation, particularly those originating from Serbian nationalist outlets and Russia, aimed at destabilising the region and undermining the European integration of the Western Balkans, by developing comprehensive strategies that include public awareness campaigns also combating disinformation undermining women’s participation in public life, strengthening cybersecurity and related infrastructure, fostering collaboration with international partners, most notably the European Union, to protect its digital economy, public services and national security, and addressing disinformation campaigns and hybrid threats that aim to destabilise the country and undermine its European perspective; encourages the integration of media literacy programs into Kosovo’s educational curriculum to equip citizens with the skills necessary to identify and counteract disinformation;

    36.  Commends the fact that Kosovo provided shelter and asylum to journalists from Ukraine and Afghanistan;

    37.  Expresses serious concern about the significant increase in attacks against journalists and strategic lawsuits against public participation (SLAPP cases), including by government officials; calls on the authorities to advance their work on anti-SLAPP legislation in line with the new EU Directive 2024/1069(7); calls on Kosovo to work actively to secure the ability of journalists to carry out their work and to ensure full freedom for the media to operate independently; underlines the need to stop all forms of violence;

    38.  Welcomes Kosovo’s vibrant and constructive civil society, which plays a very crucial and positive role in the reform process; encourages the Kosovo Government to enhance its cooperation with civil society, in particular with women’s rights organisations, on decision-making and to make more use of the Government Council for Cooperation with Civil Society for building collaborative relationships and genuinely implicating civil society in a transparent legislative process from an early stage onwards; stresses the importance of increasing accountability and transparency in relation to public funding for civil society organisations; underlines that civil society is vital in fostering democracy and pluralism and promoting good governance and social progress;

    39.  Regrets the lack of a clear plan for engaging Kosovo Serbs in the north and that initiatives to involve the Serb community in Kosovo’s political, social and economic structures remain very limited; reiterates its call to improve the internal dialogue and genuinely and directly engage with the independent civil society organisations of Kosovo Serbs, in particular in the north, with the aim of building trust, facilitating the daily life of Kosovo Serbs and successfully integrating them;

    Reconciliation and good neighbourly relations

    40.  Commends Kosovo’s engagement in a number of regional cooperation initiatives and encourages it to enhance its reconciliation efforts and seek solutions to past disputes; commends Kosovo on its constructive approach and active engagement in regional cooperation and trade facilitation that led to the unblocking of the Central European Free Trade Agreement;

    41.  Calls on Serbia to open all wartime archives and grant access to the former Yugoslav Secret Service (UDBA) and Yugoslav People’s Army Secret Service (KOS) files, ensuring their return to respective governments upon request; emphasises the need to open these archives region-wide to investigate communist-era crimes and strengthen democracy, accountability and institutions in the Western Balkans;

    42.  Reiterates its full support for the EU-facilitated dialogue and welcomes the appointment of Peter Sørensen as the EU Special Representative for the Belgrade-Pristina Dialogue;

    43.  Reiterates the importance of constructive engagement on the part of the authorities of both Kosovo and Serbia in order to achieve a comprehensive legally binding normalisation agreement, based on mutual recognition and in accordance with international law; calls on both Kosovo and Serbia to implement the Brussels and Ohrid Agreements, including the establishment of the Association/Community of Serb-Majority Municipalities, and the lifting of Serbia’s opposition of Kosovo’s membership in regional and international organisations, and to avoid unilateral actions that could undermine the dialogue process;

    44.  Expects Kosovo and Serbia to fully cooperate and take all the necessary measures to apprehend and swiftly bring to justice the perpetrators of the 2023 terrorist attack in Banjska; deplores the fact that Serbia still has not prosecuted the culprits, most notably Milan Radoičić, the Vice-President of Srpska Lista; reiterates that the perpetrators of the terrorist attack in Zubin Potok must also be held accountable and must face justice without delay;

    45.  Calls on the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy and on the Commission to take a more proactive role in leading the dialogue process; calls for an enhanced role for the European Parliament in facilitating the dialogue through regular joint parliamentary assembly meetings;

    46.  Condemns all actions that endanger stability and jeopardise the reconciliation process, including the tensions in the north of Kosovo and provocations by Serbian state-sponsored groups and illegal armed formations, and urges the European Union to take a stronger stance against external interference in Kosovo’s internal affairs; emphasises that both sides must fully implement all agreements reached and avoid unilateral actions that could escalate tensions; calls on the Kosovo police to ensure that they fully abide by all rule of law and human rights requirements, and to guarantee that a multi-ethnic and inclusive police force, fully in line with legal requirements, is deployed in the north of Kosovo; recalls the shared responsibility of all political representatives and all communities in Kosovo for upholding peace, security and the rule of law;

    47.  Welcomes the establishment of the Joint Commission on Missing Persons in December 2024 and calls for swift progress in implementing the May 2023 Political Declaration on Missing Persons; calls on both Kosovo and Serbia to refrain from politicising this humanitarian issue and to step up their efforts in implementing the declaration as part of the Belgrade-Pristina Dialogue and to establish cooperation between Kosovo and Serbia;

    48.  Welcomes the recent agreements in the framework of the Berlin Process;

    49.  Welcomes Kosovo’s decision to remove restrictions on the entry of Serbian finished products at the Merdare border crossing;

    50.  Welcomes the presence of the Kosovo Force and its role in building and maintaining a safe and secure environment and in developing a stable and peaceful Kosovo on the path towards Euro-Atlantic integration; recalls the importance of the mission for the ongoing development of the Kosovo Security Force through the provision of advice, training and capacity building;

    Socio-economic reforms

    51.  Welcomes Kosovo’s active engagement in the implementation of the new growth plan for the Western Balkans, which aims to deepen EU-related reforms and reduce the socio-economic gap between EU Member States and the Western Balkan countries; welcomes the adoption of Kosovo’s Reform Agenda and recalls that Kosovo (as well as Serbia) needs to show improved commitment to the EU-facilitated Dialogue in order to access the resources;

    52.  Welcomes the progress achieved by Kosovo in developing a functioning market economy and encourages Kosovo to implement the necessary structural reforms to address fiscal challenges, while ensuring adequate labour protection, fair wages, and improved working conditions in line with EU legislation;

    53.  Reiterates its calls on the Commission to develop a regional strategy to address the persistent youth unemployment and brain drain by tackling the skills mismatch between the education system and the labour market, improving the quality of teaching, and ensuring adequate funding for active labour market measures and vocational training schemes, along with adequate childcare and pre-school education facilities;

    54.  Welcomes the fact that Kosovo’s cybercrime legislation is broadly aligned with the EU acquis; notes Kosovo’s limited progress in the digital transformation of public services; emphasises the need for it to align with EU digital legislation as well as with the needs of its people, specifically with the European Electronic Communications Code, the EU Network and Information Security Directive (NIS2)(8), the EU toolbox for 5G security, and the Digital Services Act(9) and the Digital Markets Act(10); notes that Kosovo’s economy remains highly dependent on imports and stresses the need for economic diversification to enhance competitiveness and sustainability, particularly in the context of deeper integration into EU markets;

    55.  Regrets that the draft law on textbooks, presented in 2022, is still pending final adoption in the Kosovo Assembly; calls on Kosovo to finalise the implementation of the new curricular framework for basic education, complete the revision of current textbooks, provide sustainable training to teachers, and systematically apply quality assurance mechanisms at all education levels;

    56.  Urges Kosovo to ensure better access to quality healthcare services; notes that healthcare expenditure remains the second lowest in the region, and calls for a comprehensive healthcare reform to address the needs of all citizens, especially in rural and underserved areas;

    57.  Notes with concern that access to social services, particularly for vulnerable groups, worsened with the government’s closure of the Ministry of Labour and Social Welfare, which was done without transparent consultation with civil society and other stakeholders and contributed to significant confusion; calls for better, evidence-based budgeting to improve social services, particularly for survivors of gender-based violence in accordance with the new legal framework;

    58.  Calls on Kosovo to provide equal and non-discriminatory state education in minority languages;

    59.  Reiterates the need to reach out to young people from the Serb majority municipalities and to integrate them in the socio-economic structures of the country;

    Energy, environment, sustainable development and connectivity

    60.  Notes that Kosovo has made some progress on the security of energy supply but remains heavily reliant on outdated, highly polluting power plants, posing serious health and environmental risks; notes that Kosovo needs to ensure the time-efficient implementation of its energy programme for 2022-2025 to meet its ambitious targets and reduce its dependence on fossil fuels; calls for the EU to step up and prioritise its efforts to help Kosovo overcome its air pollution problems; notes that Kosovo’s new energy strategy does not promote the construction of hydropower plants due to their harmful environmental impact, in particular because of the water scarcity in the country;

    61.  Highlights the need for comprehensive infrastructure development in Kosovo to facilitate the reduction of emissions from public transport and the expansion of electrified transport; stresses that improving accessibility and ensuring compatibility with the EU transport network must remain a priority;

    62.  Welcomes the agreement at the Tirana Summit on reduced roaming costs; calls, in this respect, on the authorities, private actors and all stakeholders to facilitate reaching the agreed targets to achieve a substantial reduction of data roaming charges and further reductions leading to prices close to domestic prices between the Western Balkans and the EU by 2027; welcomes the entrance into force of the first phase of implementation of the roadmap for roaming between the Western Balkans and the EU;

    63.  Urges Kosovo to enhance compliance with emission ceilings, improve the integration of environmental considerations into sectoral policies and adopt necessary measures for pollution, soil and water contamination control and waste management, in line with EU and international standards and commitments; urges Kosovo to improve comprehensive environmental impact assessments and to integrate sustainability measures into infrastructure planning; calls on Kosovo to increase the protected areas in the country and to improve instruments and measures for their protection with a view to safeguarding biodiversity, including key habitats of the critically endangered Balkan lynx; encourages Kosovo to intensify and speed up collaborative efforts with its neighbouring countries to designate transboundary protected areas and establish coherent transboundary management plans;

    o
    o   o

    64.  Instructs its President to forward this resolution to the President of the European Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the governments and parliaments of the Member States and the President, Government and National Assembly of Kosovo.

    (1) OJ L 71, 16.3.2016, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2016/342/oj.
    (2) OJ L 195, 27.7.2017, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2017/1388/oj.
    (3) OJ L 330, 20.9.2021, p. 1, ELI: http://data.europa.eu/eli/reg/2021/1529/oj.
    (4) OJ L, 2024/1449, 24.5.2024, ELI: http://data.europa.eu/eli/reg/2024/1449/oj.
    (5) OJ L 146, 6.6.2023, p.22, ELI: http://data.europa.eu/eli/dec/2023/1095/oj.
    (6) OJ L 110, 25.4.2023, p. 1, ELI: http://data.europa.eu/eli/reg/2023/850/oj.
    (7) Directive (EU) 2024/1069 of the European Parliament and of the Council of 11 April 2024 on protecting persons who engage in public participation from manifestly unfounded claims or abusive court proceedings (‘Strategic lawsuits against public participation’) (OJ L, 2024/1069, 16.4.2024, ELI: http://data.europa.eu/eli/dir/2024/1069/oj).
    (8) Directive (EU) 2022/2555 of the European Parliament and of the Council of 14 December 2022 on measures for a high common level of cybersecurity across the Union, amending Regulation (EU) No 910/2014 and Directive (EU) 2018/1972, and repealing Directive (EU) 2016/1148 (NIS 2 Directive) (OJ L 333, 27.12.2022, p. 80, ELI: http://data.europa.eu/eli/dir/2022/2555/oj).
    (9) Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC (Digital Services Act) (OJ L 277, 27.10.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2065/oj).
    (10) Regulation (EU) 2022/1925 of the European Parliament and of the Council of 14 September 2022 on contestable and fair markets in the digital sector and amending Directives (EU) 2019/1937 and (EU) 2020/1828 (Digital Markets Act) (OJ L 265, 12.10.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/1925/oj).

    MIL OSI Europe News

  • MIL-OSI Video: UN80 Initiative, Gaza, Myanmar & other topics – Daily Press Briefing

    Source: United Nations (Video News)

    Noon briefing by Stephane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    UN80
    Secretary-General Travels
    Occupied Palestinian Territory
    Gaza
    Lebanon/Israel
    Myanmar
    Sudan
    South Sudan
    India/Pakistan
    Kurdistan Workers’ Party
    Ukraine
    Democratic Republic of the Congo
    State of Climate in Africa
    Haiti
    Lethal Autonomous Weapons Systems
    Beyond GDP
    DESA Event
    International Days
    Financial Contribution

    UN80
    The Secretary-General briefed the Member States this morning on his UN80 initiative, telling them that, as the UN celebrates its 80th anniversary, the initiative is anchored in equipping our organization in an era of extraordinary uncertainty.
    He told the Member States that the liquidity crisis we now face is not new, but today’s financial and political situation adds even greater urgency to our efforts.  We must rise to this moment. 
    Mr. Guterres said that the UN80 Initiative is structured around three key workstreams: to rapidly identify efficiencies and improvements under current arrangements; to review the implementation of all mandates given to us by Member States; and to consider the need for structural changes and programme realignment across the UN system.
    He noted that all Secretariat entities in New York and Geneva have been asked to review their functions to determine if any can be performed from existing, lower-cost locations, or may otherwise be reduced or abolished.
    On mandates, he said that we have already completed an identification of all mandates reflected in the programme budget—and will soon do so for the rest of the system. The review has so far identified over 3,600 unique mandates for the Secretariat alone. After this analytical work, relevant entities and departments will be invited to identify opportunities for improvements or consolidation of efforts.
    On structural reforms, the Secretary-General said that we have already got the ball rolling by soliciting the views of a number of UN senior leaders. Their initial submissions –nearly 50 in all– show a high level of ambition and creativity.
    He added that we know that some of these changes will be painful for our UN family. Staff and their representatives are being consulted and heard. Our concern is to be humane and professional in dealing with any aspect of the required restructuring.

    SECRETARY-GENERAL TRAVELS
    This afternoon the Secretary-General will be traveling to Germany to attend the UN Peacekeeping Ministerial that will kick off tomorrow, Tuesday in Berlin.
    He will be joined by Under-Secretary-General for Peace Operations Jean-Pierre Lacroix, Under-Secretary-General for Operational Support Atul Khare, and Under-Secretary-General for Management Strategy, Policy and Compliance Catherine Pollard.
    During the high-level opening ceremony tomorrow morning, the Secretary-General is scheduled to deliver remarks that will focus on the future of peacekeeping. He will underscore the importance of the work of our Blue Helmets and the sacrifices they make.
    He will touch upon contributions to peacekeeping during these tough times for the financing of our work across the board.
    And just to note that this meeting provides a platform for delegations to announce substantial pledges in support of closing capability gaps and adapting peace operations to better respond to existing challenges and new realities.
    While there, the Secretary-General will hold bilateral meetings with German officials, including the Chancellor of Germany Friedrich Merz, as well as other leaders and officials attending this global event. He will also have media engagements there.
    Following the Ministerial meeting in Germany, the Secretary-General will be heading to Iraq for the League of Arab States Summit, which is taking place in Baghdad on 17 May.
    While in Iraq, the Secretary-General will be holding meetings with Iraqi officials and leaders from the region attending the summit. He will discuss a wide range of topics and issues mainly pertaining to the region, as you can imagine.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=12%20May%202025

    https://www.youtube.com/watch?v=eVQnnyRP4oA

    MIL OSI Video

  • MIL-OSI USA: Murphy To Block Arms Sales To Nations Engaging In Bribery Of The Trump Administration

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    May 12, 2025

    WASHINGTON–Following reports of Qatar gifting a $400 million superluxury Boeing 747-8 jumbo jet to President Trump, U.S. Senator Chris Murphy, a member of the U.S. Senate Foreign Relations Committee, on Monday announced that he will seek to block any arms sale to a nation whose government is directly enriching Trump and his family.
    Click HERE to read Murphy’s announcement on X.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Multiple agreements reached in Qatar

    Source: Hong Kong Information Services

    Continuing his visit to Qatar, Chief Executive John Lee today met local government and business leaders there, and witnessed the reaching of 35 agreements or memoranda of understanding among government departments, enterprises and institutions from Hong Kong, the Mainland and Qatar.

     

    In the morning, Mr Lee met Qatar’s Minister of Labour Ali bin Saeed bin Samikh Al Marri to discuss plans for enhancing talent exchanges. Highlighting that Hong Kong is home to five of the world’s top 100 universities and is on a path to become an international hub for post-secondary education, Mr Lee emphasised that the city offers a Belt & Road Scholarship to encourage students from countries or regions in the Belt & Road Initiative to pursue studies in the city. He invited more young people from Qatar to study in Hong Kong and develop careers in the city.

     

    Afterwards, the Chief Executive and members of his delegation attended a roundtable meeting with representatives of the Qatari Businessmen Association and the Qatar Chamber of Commerce & Industry.

     

    Extolling Hong Kong’s robust legal system, resilient financial system and simple and low tax regime, Mr Lee said he welcomed Qatari enterprises to capitalise on the city’s advantages in connecting with both Mainland China and other parts of the world under the “one country, two systems” principle. He added that Qatari enterprises can leverage Hong Kong’s financial, logistics and professional services, and its bridging roles, to tap into the Mainland market.

     

    In the afternoon, Mr Lee attended a business lunch where he spoke of Hong Kong’s development opportunities and business advantages to over 300 local political and business representatives.

     

    He also took the opportunity to announce that Hong Kong and Qatar have substantially concluded negotiations on an Investment Promotion & Protection Agreement, and will begin discussions on mutual recognition arrangements for their respective Authorized Economic Operator Programmes, in order to create a more favourable environment for the flow of capital and goods.

     

    In addition, the Chief Executive revealed that Hong Kong Special Administrative Region passport holders can visit Qatar visa-free for up to 30 days. He said he looks forward to deepening co-operation with Qatar, adding that Hong Kong and Qatar can jointly seize development opportunities brought by the Greater Bay Area and the Belt & Road Initiative.

     

    Government departments, enterprises and institutions from Hong Kong, the Mainland and Qatar also announced 35 memoranda of understanding or agreements covering economic co-operation, investment, technology, legal collaboration, finance, banking, and capital market development.

     

    Besides co-operation between Hong Kong and Qatar, two agreements were signed directly between Mainland and Qatari enterprises to foster co-operation in financial services and high-end manufacturing. A tripartite agreement was also signed among Hong Kong, the Mainland and Qatar to strengthen co-operation in fintech, covering Web3 and artificial intelligence.

     

    After the lunch event, Mr Lee visited Hamad International Airport in Doha to learn about an autonomous vehicle pilot project there.

     

    The project involves participation by UISEE, a Mainland Chinese enterprise which has established its international headquarters in Hong Kong. Having also collaborated with Hong Kong International Airport on autonomous vehicle projects, UISEE has drawn on those experiences to promote its technology to overseas clients.

     

    Mr Lee and the delegation will depart for Kuwait tonight.

    MIL OSI Asia Pacific News