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Tamarack Valley Energy Ltd | July 2025 Investor Presentation | Brian Schmidt | Page 4 of 11 | July 09, 2025

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toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "July 2025 Investor Presentation" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
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3 0 5,000 10,000 15,000 20,000 25,000 Jan-25 Jan-26 Jan-27 Jan-28 Jan-29 Jan-30 Base 2026 2027 2028 2029 2030 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 > 10.0 0.0 2.0 4.0 6.0 8.0 10.0 Clearwater Nipisi/West Marten Hills Frobisher Dual Leg SK Mississippian Conventional Conventional Heavy Oil Multi-lateral Montney Oil Alberta Charlie Lake Permian Delaware - Core Clearwater South Fairway ND Bakken/Three Forks - Core Permian Midland - Core Southern AB Mannville Oil Duvernay ESB Uinta - Core Permian Delaware - Non-Core PRB Turner - Core Utica Oil Window Permian Midland - Non-Core Conventional Heavy Oil Single-Leg Hz Viking Dodsland DJ Basin - Core Cardium Oil Eagle Ford - Core ND Bakken/Three Forks - Non-Core SCOOP - Core Eagle Ford - Non-Core STACK - Core Years Half-Cycle Oil Plays (Avg. 1.6 yrs) Time to 2x Payout (Avg. >5.5 yrs) Top Tier Primary Assets and Proven Waterflood Leverage Top Tier Primary Production To Establish Long-Term Low Cost Waterflood Primary Payout Periods (Years) Source: Peters & Co. Limited estimates based on US$69.00/B WTI, US$13.37/B WCS Differential, US$4.25/B MSW Differential, US$3.60/Mcf NYMEX, $2.75 AECO, and 0.71 CAD/USD. Sorted by half-cycle payout. Clearwater Oil Under Waterflood By Year (bbl/d) Tamarack Valley Conventional Play Economics Unconventional Resource Scale