The Parex Advantage

Track Record of Growth PRODUCTION PER SHARE(1)(2) 16% CAGR (2017-2022) 0.10 0.08 0.14 0.13 0.12 0.17 PDP RESERVES PER SHARE (3)(4) 18% CAGR (2017-2022) 0.40 0.33 0.55 0.50 0.67 A 0.76 2017A 36 kboe/d 2018A 2019A 2020A 2021A 2022A Absolute Production Growth CAGR: 8% 52 kboe/d 2017A 51 2018A 2019A 2020A 2021A 2022A Absolute PDP Reserves Growth CAGR: 10% mmboe 83 mmboe Since 2017, grown production and PDP reserves on an absolute basis, further enhanced on a per share basis by consistent share repurchases (1) Calculated as total annual average production divided by weighted-average basic shares. (2) See "Historical Production" table within advisory for production by product type. (3) Calculated as PDP gross volume divided by year-end basic shares; see advisory. (4) See "Oil and Gas Information" advisory. 5

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