ENEX Energy Corp. has made significant progress in 2024 by narrowing its net losses through a strategic shift towards cleaner energy solutions. The company's stake in Batangas Clean Energy, Inc. (BCEI), a joint venture developing a 1,100 MW natural gas and hydrogen-ready power facility in Batangas, has been instrumental in this transition. Despite challenges in its upstream oil and gas activities, ENEX's focus on clean energy has improved its financial outlook. The company's primary petroleum asset, Service Contract 55 (SC 55), faces geopolitical tensions in the West Philippine Sea, but the shift towards clean energy has mitigated some of the risks. BCEI, still in the pre-development phase, is expected to support Luzon's energy demands with a potential for incorporating green hydrogen in the future, in line with the country's clean energy goals. Financially, equity investments by ACEN Corporation and debt restructuring have strengthened ENEX's position, allowing it to pursue sustainable energy initiatives while managing its conventional energy assets. By maintaining a dual strategy that combines clean energy innovation with prudent oversight of oil and gas interests, ENEX is strategically positioned for long-term success in the evolving energy landscape.