Mr. Wade Felesky reports

NEW STRATUS ENERGY ANNOUNCES MEMORANDUM OF UNDERSTANDING WITH BAKER HUGHES

New Stratus Energy Inc. has signed a memorandum of understanding with Baker Hughes.

Today, Baker Hughes issued a press release indicating that it has executed two agreements to "develop Venezuela's natural gas and energy infrastructure." Specifically, an MOU was signed with New Stratus "to support the development of future oil and gas prospects."

Furthermore, Baker Hughes indicated that "through the MOU with New Stratus, Baker Hughes will support the development of future oil and gas prospects. The partnership will leverage Baker Hughes's integrated portfolio of subsurface, drilling, production, processing, digital, emissions abatement, power generation, oil and gas monetization, and liquid natural gas technologies to maximize resource recovery opportunities and accelerate future project developments.

"Baker Hughes has supported Venezuela's energy sector for more than 60 years. Its installed base in country includes more than 1,200 oil production systems, the largest artificial lift footprint, significant flexible pipe infrastructure and approximately 240 turbomachinery units across 23 sites."

Jose Francisco Arata, chief executive officer of New Stratus said from Caracas today: "We are very pleased to consolidate this relationship with Baker Hughes, one of the world's leading energy technology companies. Venezuela possesses an extraordinary oil and natural gas reserve base. Combining New Stratus's strategy and regional experience with Baker Hughes's extensive technology portfolio, infrastructure and long-standing presence in Venezuela provides a strong platform from which to evaluate and advance significant energy projects."

In summary, New Stratus is extremely excited about the many opportunities available in Venezuela, and this important MOU with Baker Hughes further enhances New Stratus's ability to develop large reserve plays, consider liquefied natural gas as an integral offtake and export opportunity, and use cutting-edge technology to increase the oil and gas production of the country.

We seek Safe Harbor.