Investor Presentaiton
Disclaimer
FORWARD-LOOKING STATEMENTS
The information in this presentation and the oral statements made in connection therewith include "forward-looking statement" within the meaning of Section 27A of the Securities Act of
1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in
this presentation, regarding certain funds managed by Grey Rock Energy Management, LLC ("Grey Rock"), Executive Network Partnering Corporation ("ENPC") (either as currently
organized or as it may be reorganized into Granite Ridge Resources, Inc. ("Granite Ridge") in connection with the transactions contemplated in this presentation), ENPC's proposed business
combination with Grey Rock, Grey Rock's or ENPC's ability to consummate the transaction, the benefits of the transaction and Granite Ridge's, Grey Rock's or ENPC's future financial
performance following the business combination as well as strategy, future operations, financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. When used in this presentation, including any oral statements made in connection therewith, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not
all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events
and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Grey Rock disclaims any duty to update
any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this presentation. Grey Rock
cautions you that these forward-looking statements are subject to all the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Grey
Rock, incident to the development, production, gathering and sale of oil and natural gas. These risks include but are not limited to, commodity price volatility, low prices for oil and/or
natural gas, global economic and geopolitical conditions, inflation, increased operating costs, lack of availability of drilling and production equipment, supplies services and qualified
personnel, processing volumes and pipeline throughput, and certificates related to new technologies, geographical concentration of operations, environmental risks, weather risks, security
risks, drilling and other operating risks (including those of Grey Rock's third-party operators), regulatory changes, the uncertainty inherent in estimating oil and natural gas reserves and in
projecting future rates of production, reductions in cash flow, lack of access to capital, Grey Rock's, ENPC's or Granite Ridge's ability to satisfy future cash obligations, restrictions in existing
or future debt agreements, the timing of development expenditures, managing growth and integration of acquisitions, failure to realize expected value creation from property acquisitions,
the defects and limited control over non-operated properties. Should one or more of the risks or uncertainties described in this presentation and the oral statements made in connection
therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional
information concerning these and other factors that may impact ENPC's operations can be found in its periodic filings with the Securities and Exchange Commission (the "SEC"), including
its Annual Report on Form 10-K for the fiscal year ended December 31, 2021. ENPC's SEC filings are available publicly on the SEC's website at www.sec.gov.
NO OFFER OR SOLICITATION
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made
except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
PARTICIPANTS IN THE SOLICITATION
Grey Rock, ENPC, Granite Ridge and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of ENPC in
connection with the proposed business combination. Information about the directors and executive officers of ENPC is set forth in Annual Report on Form 10-K for the fiscal year ended
December 31, 2021, filed with the SEC on March 30, 2022. Additional information regarding the interests of those participants and other persons who may be deemed participants in the
transaction may be obtained by reading the proxy statement/prospectus regarding the proposed business combination when it becomes available. Free copies of this document may be
obtained as described in the following paragraph.
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