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Investor Presentaiton

2023 Alaska Investor Trip Scalable Facility Concept Reducing initial capital requirements and breakeven for subsequent phases • Expansions leverage Phase 1 infrastructure • Roads and pipelines Seawater treatment plant • Pad Space for Facility expansion (shown on right) Development Schematic Phase 1 Processing Facility Concept (Future Phases): Design once build multiple Install module designs that have already been installed on the North Slope in Pikka Phase 1 • Up to 20% cost savings • • Minimize North Slope work Minimal footprint increase 40-80 MBOPD expansions or new processing plants with duplication of the Pikka Phase 1 Plant Phase 2 Santos 35

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