Investment Highlights

Shallow decline, liquids-weighted production

• Net prod’n. of 3.6 MBoe/d (43% liquids); NTM decline of 10%
• PDP PV10 of $187MM and more than $33MM of next 12 mo. PDP cash flow
• Total of 125 vertical PDPs (100% operated) with an avg. well vintage of ~14 yrs.
• Low-cost operations and proximity to Gulf Coast markets enhances netbacks
  • Avg. per well LOE of $7.9 / Boe
  • Avg. per well margins of $26.5 / Boe

Inventory of high-quality, well-defined behind-pipe and new drill opportunities

• Total of 19 Tier 1, low cost, high return behind pipe targets generate IRRs >100%
• Additional 56 opportunities add 34.3 MMBoe of resource potential
• Self-funding program generates more than $400MM in FCF over next 5 years

Key Dates

• August 28rd – Virtual data room goes live
• September 5th – Management presentations begin
• October 3rd – Bid date

Please reach out to [email protected] if you have any questions about the process and to schedule a data room presentation.

Opportune Partners LLC, an affiliate of Opportune LLP, is a member of the Opportune Network, and is a member of FINRA and SIPC.

Opportune Partners LLC is not engaged in the practice of public accountancy. Privacy and Business Continuity Plan.