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Ultra Petroleum Corp
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December 2019 Investor Presentation
| Brad Johnson | Page 3 of 11 |
April 28, 2024
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"December 2019 Investor Presentation"
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COMPANY OVERVIEW MARKET SNAPSHOT OTCQX Symbol UPLC Market Capitalization @ 11/29/19, $ million $45 Net Debt (1) @ 9/30/19, $ million $1,988 Enterprise Value, $ million $2,033 PRODUCTION & RESERVES 3Q19 Production, Bcfe 60.2 SEC Proved Reserves (2) , Bcfe 3,063 SEC Proved Developed Reserves, Bcfe 2,351 SEC Proved Developed PV-10, $ billion $2.3 ACREAGE Net Acreage — Wyoming ~83,000 % Operated 92% % HBP 86% Operated Producing Wells ~2,240 Future Drilling Locations 4,000+ (1) Net Debt is calculated as face value of debt less cash. Net Debt is a non-GAAP financial measure; see slide 22 for a reconciliation of this measure to the most directly comparable GAAP measure. (2) YE18 proved reserves includes an operated PUD program of vertical development for 3 years with 3 rigs. Pinedale Field