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April 2024 Corporate Presentation
| Marshall Abbott | Page 24 of 11 |
May 07, 2024
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"April 2024 Corporate Presentation"
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Carrizales Norte: C7 Potential ? Reservoirs consist of channelized sand bodies with excellent characteristics – porosity of 28 – 34% and multi-Darcy permeabilities ? Light oil (>30 o API) and strong water drive allow for very high initial production rates and quick economic payback (~60 days/well) ? Superior reservoir characteristics and prudent reservoir management results in significantly lower decline rates and higher EUR relative to other C7 wells in the basin ? Large area of C7 closure identified at Carrizales Norte, extending to the north between two faults Tapir type curve Type curve from offsetting blocks Carrizales Norte Conceptual C7 Development Plan Existing Wells Current C7 Producers Future Locations Carrizales Norte Structural Closure