Investor Presentaiton

The Ideal Partner: There is NOG, and then everyone else NOG's Enterprise value is over three times larger (3x) than all its public non-op competitors combined - NOG can solve significant capital needs for its partners that its competitors cannot. ENTERPRISE VALUE ($ in millions) Source: Bloomberg Professional as of 11/15/2023. All Public Peers Combined: $1,875.0 MM Dominant scale and technical advantage: NOG's size provides better access to capital and superior investment in data science $731 $857 $193 $93 Peer 1 Peer 2 Peer 3 Peer 4 $5,804 NOG Investor Presentation November 2023 | 9 NOG

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