Investor Presentaiton

00 Executing a Disciplined Growth Strategy Scaling Evolution Through Acquisitions Total Proved Reserves PV-10 ($MM)(1) Asset AEVOLUTION Petroleum Corporation Hamilton Dome (Wyoming) Barnett Shale (Texas) Williston Basin (North Dakota) Date Announced Pre-2019 11/6/2019 3/30/2021 Acquisition Price Operator Denbury $9.5 MM $18.2 MM 0 M DIVERSIFIED ENERGY COMPANY PLC MERIT ENERGY COMFANY $403.8 MM (1) 1/14/2022 $25.9 MM FOUNDATION ENERGY MANAGEMENT Jonah Field (Wyoming) 2/9/2022 $27.5 MM JONAH ENERGY LLC AEVOLUTION Petroleum Corporation FYE22 2Q FY2023 Avg. Daily Production (2) 1,131 BOEPD 413 BOEPD 3,304 BOEPD 489 BOEPD 1,905 BOEPD 7,250 BOEPD FYE22 Total Proved Reserves (2,4) 5,956 MBOE 2,374 MBOE 14,682 MBOE 6,102 MBOE 7,129 MBOE 36,243 MBOE 74% Gas 73% Oil Commodity Mix (3) (Reserves) 88% Gas 70% Oil 100% Oil 25% NGL 17% NGL 7% NGL 32% Oil 49% Gas 30% NGL 1% Oil 10% Gas 5% Oil 19% NGL See Slide 19 in Appendix for footnotes. AEVOLUTION Petroleum Corporation

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