Investor Presentaiton
Gross Daily Production (Boepd)
MPDC Mascot Update
Performance snapshot through 7/1/2023
8/1/2022
9/1/2022
10/1/2022
Drilling plan revised to enhance efficiencies and long-term project returns
Plan revision moving some Q2/Q3 TILS to Q1 24
Offset shut-in period in-between pads
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59% of the total project wells completed and producing
DAILY PRODUCTION
11/1/2022
12/1/2022
1/1/2023
2/1/2023
3/1/2023
ACQUISITION FORECAST
4/1/2023
5/1/2023
6/1/2023
7/1/2023
Source: Company financial reports and management projections.
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•
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Wells outperforming internal forecasts
Revised plan to focus on larger batches vs. drilling multiple stages
Benefits of plan revision include:
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Reduced downtime between drilling and completion
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Lower project costs
.
• Improved well performance
Enhanced long-term project returns on capital employed
New plan results in deferrals of 2023 activity, providing tailwind to 2024
Related cap ex for deferrals to be largely incurred in 2023
Investor Presentation September 2023 | 17 NOGView entire presentation