Opportunity to acquire a turn-key, operated, cash flow positive  asset on the North Slope of Alaska with significant exploration and  exploitation potential from highly prolific stacked pay reservoirs

- 100% operated

Gross production of ~2,000 bo/d primarily from the Badami & Killian  sands

- 100% oil with premium Alaska North Slope (“ANS”) oil pricing

Hilcorp/BP retention of ARO and select plugging obligations limits  buyer exposure

Low risk, quantified upside development including stacked pay  horizontal development of the Badami and Killian sands

- Killian sands primed for development following the B1-07 playopener

       – Has produced over 700 mbo since 2018 & currently  making 1,250 bo/d

- 75 mi seismic survey covers entire block and confirms  subsurface model

Existing Glacier-owned, BP-constructed infrastructure supports full  field development and optionality for third party revenue / volumes

- 38,500 bo/d facility with capacity for additional volumes on or  offset the unit

- Multiple access points via barge landing and 5,500 ft airstrip

- 70 mbo/d capacity Nutaaq oil pipeline owned and operated by  Glacier (12” diameter, 25 mile) that connects Point Thompson  to Endicott

VDR available with PHDWin model and LOS

Contact Sandra Ramsey at [email protected] or 281-979-0374 for a Confidentiality Agreement (linked below) or access to the VDR