The Parex Advantage

South Capachos: Leveraging Multi-Zone Potential Basin: Northern Llanos Operator: PXT Andina-1 Depth Sur-3 Sur-4 2ST Andina -2 Andina-3 Andina Norte-1 Zone 1 Mirador W.I.: 50% Capachos Facility Producing Zone Recomplete Opportunity North Zone 2 Guadalupe Zone 3 Une ☐ Key Takeaways Strong well capability that drives high production rates Facility expansion expected to be completed Q3 2023 ■ Area has high-potential, near-field exploration opportunities 2022 average is ~3,000 boe/d net and expected to be greater than 6,000 boe/d net with facility expansion and recompletion efforts in 2023 33 33 A

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