Investor Presentaiton

Pillars of Success Business & Portfolio Investment Strategy 5 AEVOLUTION Petroleum Corporation OUR GOAL Maximize Total Shareholder Return Flexibility to Direct Free Cash Flow to Best Uses Return of Capital Sustainable Dividends Opportunistic Share Buybacks • OUR PILLARS Minimal Debt Repay borrowings from acquisitions Remain <1x Debt/Adjusted EBITDA Maintain conservative financial management Grow Asset Base Acquisitions Accretive Cyclically Opportunistic Organic Growth New Drills Workovers & Recompletes OUR FOUNDATION Strong Balance Sheet Long-Life, Low Decline Assets Low-Risk Development Inventory Geographic & Commodity Diversity Commitment to Long-Term Corporate Sustainability AEVOLUTION Petroleum Corporation

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