Investor Presentaiton

History of Accretive Acquisitions & Development Supporting Dividend Timeline & Key Statistics AEVOLUTION Petroleum Corporation 2003-04 Company is founded in 2003 and went public as Natural Gas Systems in 2004 SEPT-2003 Acquisition of interest in Delhi Field 2006 in northeast Louisiana from Denbury Resources NOV-2019 Acquisition of interest in Hamilton Dome field in Wyoming MAY-2021 2013 Began paying quarterly dividend to shareholders JAN-2021 Purchased royalty interest in Delhi for $1.5 MM. Sold Delhi working interests to Denbury for $50MM cash and agreement to install CO2 flood with reversionary working interest 2009 CO2 injection begins at Delhi Field with continued development Current Dividend Yield (Annualized 3Q23) 7.5% €94.4 Million In Dividends Returned to Shareholders Since December 2013 APR-2022 27 Acquisition of Barnett Shale in North Texas Acquisition of interest in Williston Basin in North Dakota Acquisition of interest in Jonah Field in Wyoming In Dividends Per Share Returned to Shareholders Since December 2013 $2.85 AEVOLUTION Petroleum Corporation

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