Investor Presentaiton

Production and Reserves Growth Production Per Share(1) CAGR 18% (2017-2022F) 0.08 0.18 0.14 0.13 0.13 0.10 2017A 2018A 36 mboe/d 2019A 2020A CAGR 21% (2017-2021) 0.31 PDP Reserves Per Share (2) 0.54 0.48 0.39 0.66 2021A 2022F (3) 55 mboe/d 2017A 2018A 2019A 2020A 51 mmboe Absolute PDP Reserve Growth CAGR: 12% 2021A 81 mmboe Absolute Production Growth CAGR: 9% Fully Diluted Shares Outstanding (MM) 164 162 148 >32% (2017-2022F) Reduction 134 122 110 2017A 2018A 2019A 2020A 2021A 2022F (3) Growing on an absolute basis, with per share metrics boosted by share buyback programs PAREX RESOURCES INC. (1) Calculated as total annual production divided by year-end fully diluted shares outstanding. (2) Calculated as PDP gross volume divided by year-end fully diluted shares outstanding; see advisory. (3) See slide 10 for information on 2022 corporate guidance. 6

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