Investor Presentaiton

• 2023 Alaska Investor Trip Rig Specifications & Upgrades Fully enclosed & heated for Arctic Drilling Rig • • • Kuukpik-Parker joint venture Built 2011, Full cantilever design 1800 horsepower drawworks. Max hookload 750,000 lbs 13-5/8" 5000 psi blowout preventer (BOP) 3x3516C-HD Caterpillar engines 2 x 1600 horsepower mud pumps • 3 modules, each with a moving system • Offline pipe handling capability Santos Purpose built upgrades for Pikka Phase 1 include: • Tier 4 equivalent exhaust system Pipe skate upgrade for 5-7/8" drill pipe • Finger boards for 5-7/8" drill pipe • TDS11SAE top drive (55,000 ft lb continuous torque top drive) Rig move May 2023, crossing Miluveach Bridge 28

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