Investor Presentaiton

2023 Alaska Investor Trip Pikka Phase 1 Development Concept Pikka Phase 1 builds out initial processing facility, drill site, seawater treatment plant and operations pad Colville River Boat Launch shject Line 6 Waterject Line 10" utase Line 24" Gas Line a TOSA ower and Fiber 4 Development Schematic(1) G&I 5 NPF ND-B Pipelines, 2 Facilities 1 Nanushuk Drillsite B (NDB) 2 Nanushuk Processing Facility (NPF) 43 producer/injector wells Modular design approach with 80 MBOPD processing capability 3 Seawater Treatment Plant (STP) 100 MBWPD capacity expandable to 150/200 MBWPD 4 Pipelines Over 100 miles of oil, gas, and water pipelines 5 Grind and Inject (G&I) 6 Operations Pad (NOP) 7 Tie-In Pad (TIP) OSA P NOP 6 NPF to TIP Pipelines MC7903 Sales Of 14port Seaware Line 16 Gase 8 ENI OPP STP Pipelines Gas Line 6 Seawater Line 16 Third-Party Fibe OSA STP KRU CPF3 3 Mustang Mustang Road Spine Road Tie-In Pad (TO1) 7 KRU CPF2 Sales Oil Tie-In 12- Hot Tap/ e-in Platform (102) PIC/KTC Fiber Kuparuk Pipeline Extension (1) Kuparuk River Unit (KRU), operated by ConocoPhillips, and ENI facilities shown for reference only. Tarn-Meltwater Road to DS-2P Gos Spur sine 12 Spine Road Santos KRU CPF1 To Deadhorse TO PSI Fuel Gas Tie-In (103) Oliktok Gas Line 24 24

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