Granite Ridge Investor Presentation Deck
Disclaimer
INDUSTRY AND MARKET DATA
The information, data and statistics contained herein are derived from various internal and external third-party sources. While Granite
Ridge believes such third-party information is reliable, there can be no assurance as to the accuracy or completeness of the
indicated information. Granite Ridge has not independently verified the accuracy or completeness of the information provided by
third party sources. No representation is made by Granite Ridge's management as to the reasonableness of the assumptions made
within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any information,
data or statistics on past performance or modeling contained herein is not an indication as to the future performance. Granite Ridge
assumes no obligation to update the information in this presentation.
RESERVE INFORMATION
Reserve engineering is a process of estimating underground accumulations of hydrocarbons that cannot be measured in an exact
way. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data, and price and
cost assumptions made by reserve engineers. In addition, the results of drilling testing and production activities may justify revisions of
estimates that were made previously. If significant, such revisions could impact Granite Ridge's strategy and change the schedule of
any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of oil and
natural gas that are ultimately recovered. Estimated Ultimate Recoveries, or "EURS," refer to estimates of the sum of total gross
remaining proved reserves per well as of a given date and cumulative production prior to such given date for developed wells. These
quantities do not necessarily constitute or represent reserves as defined by the Securities and Exchange Commission ("SEC") and are
not intended to be representative of all anticipated future well results. This presentation contains volumes and PV-10 values of our
proved reserves and unproved reserves. The SEC strictly prohibits companies from aggregating proved, probable and possible
reserves in filings with the SEC due to the different levels of certainty associated with each reserve category. The SEC also prohibits
companies from including resources that are not proved, probable or possible reserves in filings with the SEC. Investors should be
cautioned that estimates of volumes and PV-10 values of resources other than proved reserves are inherently more uncertain than
comparable measures for proved reserves. Further, because estimated proved reserves and unproved resources have not been
adjusted for risk due to this uncertainty of recovery, their summation may be of limited use.
USE OF PROJECTIONS
This investor presentation contains projections for Granite Ridge, including with respect to its EBITDA, net debt to EBITDA ratio, capital
expenditures, cash flow, and net revenues as well as its production volumes. Granite Ridge's independent auditors have not audited,
reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this investor
presentation, and accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the
purpose of this investor presentation. These projections are for illustrative purposes only and should not be relied upon as being
necessarily indicative of future results. In this investor presentation, certain of the above-mentioned projected information has been
repeated (in each case, with an indication that the information is subject to the qualifications presented herein).
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