Investor Presentaiton

Executing our Strategy September 2022 December 2022 Present 2023 onwards C$5.5 MM Private Placement Bulu Acquisition Acquire Mont D'Or Petroleum Ltd. C CRITERIUM ENERGY 2024 onwards Accretive Mont D'Or Development Rapid consolidation (>25,000 boe/d) Founders round, with over 30% from management Executing a SE Asia aggregation and consolidation strategy 1 The Resource Report 2 The Reserve Report Acquired with private placement proceeds at a 90% discount to market Resource Report (Q1 2023) confirms 134 bcf net 2C resource to Criterium' $43 MM cost recovery pool (net to Criterium) High margin monetization options available prior to significant capital investment 3 Management estimate based on development of contingent resources 4 Management estimate based on development of prospective resources 5 Management estimate based on analogous fields " " " Acquiring Mont D'Or Company 15-year record of safe operations ~65 field & support staff Immediate cash-flow & low-risk value creation opportunities Current cash-flow ~$1MM/month² Current production ~ 1,050 bbl/d with 4.7 MMbbl 2P & 6.5 MMboe 2C² Current recovery factor is 5% and 3P reserves estimate 15-20%.² Drill identified infill wells. YE24 production of 2,500 boe/d and >3,000 boe/d at YE252 Monetize >20 bcf of gas resource. Adds ~1,000 boe/d by 20253 Material step-out developments can add over 2,000 boe/d4 Increase recovery factor up to 40% through secondary recovery5 Mature pipeline with near- term acquisition opportunities Identified assets with value creation opportunities Mont D'Or gets us a seat at the table for larger, more material producing assets Line of sight to consolidation of over 25,000 boe/d 5

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