HELIUM DISCOVERY WELL “15-25” UNDERPINS PROJECT DEVELOPMENT

• Ready to produce helium gas, pending installation of scalable, modular, processing facility.
• Helium sales offtake agreement in place, first 5 years fixed pricing, take-or-pay, 20% of production available for direct or alternative sales strategies.

UPSIDE DEVELOPMENT ON ADJACENT HELIUM PROSPECTIVE LANDS

• Historically active oil & gas exploration area with attractive helium levels across Trend.
• 15 additional multi-zone, multi-commodity prospective drill locations and exploration upside potential across 100%-owned land base.
• Highly prospective, untested Leduc helium potential on eastern side of land base.
• 25,000+ acres of new exploration land acquired Summer ‘22, contiguous with existing helium and oil discoveries.

HELIUM PRODUCTION GROWTH VISIBILITY

• Preliminary engineering on helium processing facility completed, evaluating financing alternatives.
• On-stream 9-12 months from funding and kick-off.
• Natural gas gathering infrastructure in place to expedite on-stream timing.
• 14-23 Horizontal Well, potential helium target, cased for completion and testing.