Investor Presentaiton

11 PRIVATE CONFIDENTIAL 18 I I Disciplined Growth & Targeted Assets M&A Strategy ✔ Long-lived reserves with value dominated by proved developed producing cash flow ✔ Highly accretive to cash flow & supportive of dividend strategy ✔ Low ongoing maintenance capital investment ✔ Locations with reasonable market access & stable regulatory environment Efficient operations economic at a range of commodity prices Comes with unvalued or undervalued drilling upside Hamilton Dome 2.4 MMBOE Proved Reserves 413 BOEPD Jonah Field 7.1 MMBOE Proved Reserves 1,902 BOEPD WY ND Williston Basin 6.1 MMBOE Proved Reserves 489 BOEPD Barnett Shale 14.7 MMBOE Proved Reserves 3,304 BOERD Delhi 6.0 MMBOE Proved Reserves 1,131 BOEPD LA TX I Strategy Illustration: Cash Flow From Operations Reinvesting Cash Flow to Support Dividends BASE PRODUCTION BASE DIVIDEND Future Acquisition Future Acquisition Future Drilling Program TIME Notes: 1. Reserves as of FYE2022. FYE2022 reserves prepared by DeGolyer & MacNaughton and Netherland, Sewell & Associates, Inc. as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl. 2. Average daily production as of Q2 FY2023, includes 11 BOEPD of other production. AEVOLUTION Petroleum Corporation

View entire presentation