Investor Presentaiton

High-Quality Drilling Locations Significant Upside in Williston Acquisition Williston 3P Reserves by Classification (1,2) 1% Williston 3P Reserves by Commodity (1,2) 10% 17% 16% Classification: 22.8 PDP 11% 56% MMBoe PDNP 22.8 MMBoe Commodity Type: Oil PUD NGLS 17% PROB Gas 72% POSS I Notes: Proved Undeveloped (1) Probable & Possible (1) • 20 Pronghorn/Three Forks 2-mile lateral locations classified. • · as SEC Proved Undeveloped (3) 4 Birdbear sidetracks classified as SEC Proved Undeveloped • Infrastructure in place and drilling pads already built on majority of locations 1. FYE2022 reserves prepared by Netherland, Sewell & Associates, Inc. as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl. 2. Gas conversion ratio of 6:1; NGL ratio of 1:1 14 I I 3. SEC Proved Undeveloped locations are planned with ability to be drilled within 5 years. • • 136 remaining Pronghorn/Three Forks 2-mile lateral locations. classified as Probable or Possible Probable locations (30) meet SEC Proved location criteria, except for requirement to be scheduled within five years Possible locations (106) meet SEC Proved location criteria except for requirement to be scheduled within five years as they are schedules after completion of Probable locations • Years of high-quality drilling inventory AEVOLUTION Petroleum Corporation

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