Strikewell Energy Corp. announced that due to COVID-19, global energy consumption has been materially impacted resulting in lower oil and natural gas prices throughout the world, including Canada. Oil and natural gas prices have been further impacted through increased global supply as a result of the collapse in the OPEC+ negotiations to curtail production from two of the energy producers: Saudi Arabia and Russia. As a result of unprecedented energy prices, many energy companies have shut in their production until better commodity prices can be realized. Strikewell owns a 100% working interest in the Garrington Property, through its wholly owned subsidiaries, Strikewell Capital Corp. and ZNX Energy Ltd., encompassing an area of 640 acres with one producing Pekisko oil well, the Garrington 06-06-035-02W5. The facility operator, which Strikewell uses to send its associated gas, has shut the facility along with its production in the surrounding area. Strikewell is not able to transfer its gas production to any other facility due to a dearth of pipeline infrastructure in the area. Therefore, Strikewell is forced to shut its production effective April 30, 2020 until further notice. The facility operator has not provided a timeline as to when the facility will be online again but has informed Strikewell that the intention is to bring the facility online once oil and gas pricing return to higher levels.