Investor Presentaiton
Successfully Executing Strategy
RETURN
OF CAPITAL
STRATEGIC PRIORITIES...
FINANCIAL
STRENGTH
AGGREGATION
BEST-IN-CLASS
PROCESSES
Sustainable free cash flow
generation with
commitment to return
capital to shareholders
Fortress balance sheet allows
for a disciplined investment
focus on full cycle returns
Target core basins with lowest
costs and partner with
experienced operators
Repeatable, low-cost business
model leveraging real-time data
and analytics
... DRIVEN BY TOP TIER ASSETS
20.5 MBoed
~$425 MM¹
2022E
Net Production
2022E
EBITDA
< 0.0x1
2Q'22 Net Debt /
2022E EBITDA
3.5% 4.6%²
Expected
Dividend Yield
~$240 MM¹
2022E
Free Cash Flow
$11.12/Boe³
All-in LTM
Cash Cost
1. Based on NYMEX strip pricing as of 5/11/22
2. Depending on redemptions
3. Includes operating expense, cash G&A, administrative fee, net interest expense and production taxes pro forma for the business combination
3View entire presentation