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Investor Presentaiton

Strategy - Focused on Colombia High-Quality Asset Base Financial Strength and Flexibility Prudent Return of Capital Top-Tier ESG Performance ā˜‘ Accelerate exploration and unlock extensive land base using proven technology Competitive cost structure in a highly competitive fiscal regime High netback production with low decline rates Balance sheet strategically designed with zero debt Positioned to endure price cycles and capitalize on first- mover opportunities Full commodity price benefit as an unhedged producer Track record of a focus on total shareholder returns Philosophy to return at least 1/3 of total FFO to shareholders via dividends and share buybacks Base dividend has upside growth potential Targeting GHG intensity reduction of 50% by 2030 and have 2050 net zero ambition (1) Long-term social investments in the communities that we work and operate in Transparent disclosure through recognized ESG frameworks (1) Based on 2019 baseline. PAREX RESOURCES INC. 3
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