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Laredo Petroleum Inc
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December 2022 Investor Presentation
| Jason Pigott | Page 3 of 11 |
May 02, 2024
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"December 2022 Investor Presentation "
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Fourth-Quarter 2022 Updates 1 As of December 2, 2022 Solid Fourth-Quarter ‘22 Execution ? 4Q-22 average daily oil production currently above high end of guidance range (2.0-4.0 MBO/d) ? 4Q-22 average daily total production currently above high end of guidance range (72.5-75.5 MBOE/d) ? 4Q-22 capital investments expected to be within guidance range ($15-$145 million) ? Continue to Strengthen Capital Structure ? Repurchased ~$100 million of face value of term debt QTD 1 (~$285 million YTD 1 ) ? Repurchased ~$11 million of equity QTD 1 (~$7 million YTD 1 ) ? Published ESG and Climate Risk Report ? Advancing key ESG initiatives across the enterprise ? Outlined aggressive methane reduction and water recycling targets; goals linked to NEO compensation ? Creating Value through Technology ? Intelligent well and ESP optimization digital initiatives benefitting base production ? Implementation of proprietary technologies ? Company rebrand in Jan ‘2