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Investor Presentaiton

$0 $20 $80 WTI Average Price ($/BBL) 440 $40 $100 I $0.100/share Consistently Paid Dividends Through Commodity Cycles Common Stock Dividends vs. Average Oil & Natural Gas Prices $140 $120 Cumulative Dividend Payout Dec'13 - Dec'22 ~$94.4MM ($2.85/share) $14 FY23 Q3 Dividend Declared at $0.12/share $12 $0.075/share $0.070/share $0.065/share $60 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 $0.050/share $0.030/share I I 7 1 Note: Common Stock Dividends -WTI EIA Avg Daily Price for Quarter -HH EIA Avg Daily Price for Quarter 1. Average prices represent the average of daily close prices for WTI and Henry Hub within the associated quarter as reported by EIA. WTI EIA prices through 2/6/2023. HH EIA prices through 2/7/2023. AEVOLUTION Petroleum Corporation Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 $0.025/share Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 $0 $2 ā˜‘ $8 $10 50 Henry Hub Avg. Price ($/MMBTU) $6
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