On September 27, 2023, Pipestone Energy Corp. announced that its shareholders have voted to approve the previously announced arrangement with Strathcona Resources Ltd., which will see the Company combined with Strathcona to create one of Canada?s largest energy producers. The Company added that the arrangement is expected to close on October 3, 2023, subject to the receipt of a final order from the Court of King?s Bench of Alberta and the satisfaction or waiver of customary closing conditions and both will be amalgamated to form a new corporation, which will continue as Strathcona Resources Ltd. As well as, the Company stated that the arrangement when completed will enable Shareholders to participate in the upside of a much larger and more diversified producer with a well-positioned reserves base and much longer reserves life and will also provide better access to, and lower cost of capital, an extended tax shelter, and a potential positive re-rating by markets.