PetroRecôncavo Board Approves Transfer of 100% Stake in SPE Tiêta to KEO Capital

• PetroRecôncavo’s board met on October 15, 2026, authorizing the transfer of SPE Tiêta to KEO Capital, formerly Maha Energy.
• The transaction covers 630,164,967 quotas representing 100% of SPE Tiêta’s capital, under a board-approved Quota Purchase Agreement.
• Directors authorized transferring all SPE Tiêta exploration and production assets into a new wholly owned subsidiary, with regulatory approval to be sought.
• The board also backed the subsidiary’s subsequent merger into the parent, subject to shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PetroReconcavo SA published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.