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Investor Presentaiton

I Acquisitions Diversify & Strengthen Proved Reserves Base Diversified Portfolio ✓ Commodity ✓ Reserve Category ✓ Geography ✓ Operator Commodity Type: Oil NGLS Gas Q2 Revenue 10% $33.7 MM 39% Classification: 51% PDP PDNP PUD Fiscal Year 2022 Reserves: Q2 Average Daily Production (2) 16% 25% 7,250 BOE/d 59% FYE '22 Proved Reserves (MMBOE) (2,3) FYE '22 Proved Reserves by Classification (3) < 1% 10% Oil Gas NGL Total Pre-Tax PV-10(1) 19% Total Proved 32% 49% 19% Reserves 36.2 $403.8 MM 11.5 17.8 6.9 (MMBOE) PDP 27% 54% 19% 32% 36.2 MMBOE 32.5 $357.8 MM (MMBOE) 8.7 17.5 6.3 PDNP 84% 6% 10% 49% 0.19 $2.5 MM (MMBOE) 0.157 0.012 0.019 72% 11% 17% PUD 3.6 $43.5 MM (MMBOE) 2.6 -0 0.4 0.6 See Slide 19 in Appendix for footnotes. 36.2 MMBOE 89% AEVOLUTION Petroleum Corporation
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