Investor Presentaiton

Prolific Natural Gas Field Jonah Field Overview • Jonah Field is located within Wyoming's Green River Basin in Sublette County Produces from the Lance Pool consisting of 3,000' to 5,000' of gross thickness (~45% net pay) of over-pressured reservoir Jonah Energy, a top-tier, responsible, and established operator, has operated the asset since 2014 The purchase price, including preferential rights exercised by Jonah Energy, was $27.5MM with a 2/1/2022 effective date and closed on 4/1/2022 Highlights Long-life reserves with low production decline Multiple takeaway options for gas sales - Kern (West Coast), NWPL (Northwest), Overthrust/REX (Midcontinent) Statistics Operator Avg. Net Daily Prod (2Q FY2023) Acreage Average WI%/RI%/LNRI% (2) Pricing Commodity Split (Reserves) (3) Net PDP Reserves (3) Net PDP Reserves / Net Production (R/P) (3) Jonah Energy 11,412 MCFEPD / 1,902 BOEPD(1) ~950 net acres, 100% HBP 19.6% WI / 14.9% RI / 75.9% LNRI Opal - Northwest Pipeline 88% Gas / 7% NGL / 5% Oil 42.8 BCFE/7.1 MMBOE 10 years Notes: 1. Gas conversion ratio of 6:1; NGL ratio of 1:1. 21 2. Mathematical average of 595 PDP wells. 3. FYE2022 reserves prepared by Netherland Sewell & Associates as of 7/1/2022 at 6/30/2022 SEC prices of $5.19/MMBTU and $85.82/bbl. WY Hamilton Dome 100 miles Jonah Field 19 20 21 22 11 12 8 Sublette County N 14 13 18 17 16 15 14 29N 108W 23 29N 107W 24 20 21 22 23 19 30 29 28 27 26 25 27 26 30 29 28 36 31 ~950 Net Acres 34 35 31 32 33 34 35 1 6 5 4 12 2 1 1 2 28N 108W 10 11 12 MILES Marketing Optionality CA NV ID NWPL Ruby Kern River UT Opal NWPL SD WY TBPL NE Cheyenne Hub REX Denver CPP CIG SSCGP KS AZ OK NM TX AEVOLUTION Petroleum Corporation

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