Investor Presentaiton
Footnotes
Slide 3:
1.
2.
3.
4.
Cash returned to shareholders represents the sum of $94.4MM of dividends paid and $4MM of share repurchases through 12/31/2022 divided by the current shares outstanding as of
2/3/2023 of 33.717 million shares.
FYE2022 reserves prepared by DeGolyer & MacNaughton and Netherland, Sewell & Associates, Inc. as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl.
See Non-GAAP Reconciliation disclosure on slide 2 and Non-GAAP Reconciliation table on slide 26.
Average daily production as of Q2 FY2023.
Slide 8:
2.
3.
The present value, discounted at 10% per annum, of future net revenues (estimated future gross revenues less estimated future costs of production, development, and asset retirement
costs) associated with reserves and is not necessarily the same as market value. PV-10 does not include estimated future income taxes. Unless otherwise noted, PV-10 is calculated using
the pricing scheme as required by the SEC. See Non-GAAP Reconciliation disclaimer on Slide 2.
Gas conversion ratio of 6:1; NGL ratio of 1:1.
FYE2022 reserves prepared by DeGolyer & MacNaughton and Netherland, Sewell & Associates, Inc. as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl.
Slide 13:
1.
The present value, discounted at 10% per annum, of future net revenues (estimated future gross revenues less estimated future costs of production, development, and asset retirement
costs) associated with reserves and is not necessarily the same as market value. PV-10 does not include estimated future income taxes. Unless otherwise noted, PV-10 is calculated using
the pricing scheme as required by the SEC. See Non-GAAP Reconciliation disclaimer on Slide 2.
2.
Gas conversion ratio of 6:1; NGL ratio of 1:1
3.
FYE2022 reserves prepared by DeGolyer & MacNaughton and Netherland, Sewell & Associates, Inc. as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl.
AEVOLUTION
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