# EDGAR Filing Document

**Accession Number:** 0002021042
**File Stem:** 0001213900-25-071775
**Filing Date:** 2025-8
**Character Count:** 131762
**Document Hash:** 9df53eb841392464d5e55cba19ed67ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-071775.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001213900-25-071775

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 35

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EQV Ventures Acquisition Corp.
- **CENTRAL INDEX KEY:** 0002021042
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42207
- **FILM NUMBER:** 251183218

**BUSINESS ADDRESS:**
- **STREET 1:** 1090 CENTER DRIVE
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098
- **BUSINESS PHONE:** 405-870-3781

**MAIL ADDRESS:**
- **STREET 1:** 1090 CENTER DRIVE
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EQV Ventures Acquisition Corp.
- **CENTRAL INDEX KEY:** 0002021042
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 1090 CENTER DRIVE
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098
- **BUSINESS PHONE:** 405-870-3781

**MAIL ADDRESS:**
- **STREET 1:** 1090 CENTER DRIVE
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 5, 2025**

**EQV Ventures Acquisition Corp.**

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-42207** | **98-1786998** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **1090 Center Drive**<br> **Park City, Utah** | **84098** |
| (Address of principal executive offices) | (Zip Code) |

---

**(405) 870-3781**

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-third of one redeemable warrant | EQVU | New York Stock Exchange |
| Class A ordinary shares, par value $0.0001 per share | EQV | New York Stock Exchange |
| Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share | EQVW | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 7.01 Regulation FD Disclosure**

 ****

***Business Combination Agreement***

On August 5, 2025, EQV Ventures Acquisition Corp., a Cayman Islands exempted company ("EQV"), issued a press release announcing that it had entered into a Business Combination Agreement (as may be amended, supplemented or otherwise modified from time to time, the "Business Combination Agreement" and the transactions contemplated thereby, collectively, the "Business Combination" or the "Merger"), by and among EQV, Prometheus PubCo Inc., a Delaware corporation and a direct, wholly-owned subsidiary of EQV ("Presidio"), Prometheus PubCo Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Presidio ("EQV Merger Sub") Prometheus Holdings LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of EQV ("EQV Holdings"), Prometheus Merger Sub LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of EQV Holdings ("Presidio Merger Sub") and Presidio Investment Holdings LLC, a Delaware limited liability company ("PIH"). The Business Combination Agreement and the Business Combination have been approved by the respective governing bodies of each of the parties thereto.

Pursuant to the Business Combination Agreement, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) EQV will change its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware, upon which (a) each then issued and outstanding Class A ordinary share of EQV, par value $0.0001, will convert automatically, on a one-for-one basis, to a share of Class A common stock, par value $0.0001 per share, of EQV ("EQV Class A Common Stock") and (b) each issued and outstanding warrant to purchase one Class A ordinary share in the capital of EQV at a price of $11.50 per share will convert automatically, on a one-for-one basis, into a whole warrant exercisable for one share of EQV Class A Common Stock (the "Domestication"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Following the Domestication, EQV Merger Sub will merge with and into EQV, with EQV as the surviving company in the merger and with EQV shareholders receiving one share of Class A common stock, par value $0.0001 per share, of Presidio ("Presidio Class A Common Stock") for each share of EQV Class A Common Stock held by such shareholder, in accordance with the terms of the Business Combination Agreement, and upon which Presidio will change its name to "Presidio Production Company" and Presidio will receive a managing member interest in EQV Holdings. After giving effect to such merger, EQV will survive as a wholly owned subsidiary of Presidio ("EQV Surviving Subsidiary"), following which, Presidio Merger Sub will merge with and into PIH, with PIH as the surviving company in the merger, all on the terms and subject to the conditions set forth in the Business Combination Agreement and in accordance with applicable law.

At the Closing of the Business Combination (the "Closing" and such date, the "Closing Date") (i) Presidio shall contribute to EQV Surviving Subsidiary all of its assets and liabilities (excluding its interest in EQV Surviving Subsidiary), (ii) in exchange therefor, EQV Surviving Subsidiary shall issue to Presidio (A) a number of Common Shares of EQV Surviving Subsidiary ("EQV Surviving Subsidiary Common Shares") which shall equal the number of total shares of Presidio Class A Shares issued and outstanding immediately after the Closing (giving effect to the EQV Share Redemption), (B) a number of Class A Preferred Shares of EQV Surviving Subsidiary equal to the number of Preferred Shares (as defined below) outstanding and (C) a number of warrants to purchase EQV Surviving Subsidiary Common Shares which shall equal the number of Presidio warrants outstanding immediately after the Closing, (iii) EQV shall then contribute to EQV Holdings all of its assets and liabilities (excluding its interests in EQV Holdings and the shares being redeemed), including cash held by EQV, and (ii) in exchange therefor, EQV Holdings shall issue to EQV (A) a number of EQV Holdings Common Units which shall equal the number of total shares of Presidio Class A Shares issued and outstanding immediately after the Closing (giving effect to the EQV Share Redemption), (B) a number of Class A Preferred Units of EQV Holdings equal to the number of Preferred Shares (as defined below) outstanding and (C) a number of warrants to purchase EQV Holdings Common Units which shall equal the number of Presidio warrants outstanding immediately after the Closing.

Following the Business Combination, holders of common units ("EQV Holdings Common Units") of EQV Holdings (other than Presidio) will have the right (an "exchange right"), subject to certain limitations, to exchange Presidio Interests (each consisting of one EQV Holdings Common Unit and one share of Class B common stock, par value $0.0001 per share, of Presidio ("Presidio Class B Share" and, together with an EQV Holdings Common Unit, a "Presidio Interest")) for, at Presidio's option, (i) shares of Presidio Class A Common Stock on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like (collectively, "adjustments"), or (ii) a corresponding amount of cash. Presidio's decision to make a cash payment or issue shares upon an exercise of an exchange right will be made by Presidio's independent directors.

Holders of EQV Holdings Common Units (other than Presidio) will generally be permitted to exercise the exchange right on a quarterly basis, subject to certain de minimis allowances. In addition, additional exchanges may occur in connection with certain specified events, and any exchanges involving more than a specified number of EQV Holdings Common Units (subject to Presidio's discretion to permit exchanges of a lower number of units) may occur at any time with advanced notice. The exchange rights will be subject to certain limitations and restrictions intended to reduce the administrative burden of exchanges upon Presidio and ensure that EQV Holdings will continue to be treated as a partnership for U.S. federal income tax purposes.

*Representations and Warranties*

The Business Combination Agreement contains customary representations and warranties of the parties thereto with respect to, among other things: entity organization and formation; non-contravention; capital structure; authorization to enter into the Business Combination Agreement; licenses and permits; taxes; financial statements; real property; material contracts; intellectual property; oil and gas matters; absence of material changes following the most recent audited financial statements, undisclosed liabilities, and any material adverse effect; labor matters; employee benefit plans; insurance; compliance with laws; environmental matters; litigation; brokerage fees and commissions; transactions with affiliates; trade and anti-corruption compliance; data protection; information technology; and regulatory matters. The representations and warranties of the parties do not survive the Closing.

*Covenants*

The Business Combination Agreement includes covenants of PIH with respect to the operation of the business prior to consummation of the Business Combination. The Business Combination Agreement also contains additional covenants of the parties, including, among others, those relating to (a) the use of reasonable best efforts to consummate the Business Combination and (b) the preparation and filing of a registration statement on Form S-4 relating to the Business Combination (the "Registration Statement") and containing a proxy statement and prospectus of EQV (the "Proxy Statement/Prospectus"), among other filings, with the U.S. Securities and Exchange Commission (the "SEC"). The Business Combination Agreement also contains exclusivity provisions prohibiting PIH and its subsidiaries and affiliates, on the one hand, and EQV, on the other hand, from initiating, soliciting, entertaining or otherwise encouraging a competing transaction (as more specifically described in the Business Combination Agreement) or entering into any contracts or agreements in connection therewith.

*Conditions to Consummation of the Business Combination*

In addition to customary conditions of the respective parties and conditions customary to special purpose acquisition companies, consummation of the Business Combination is generally subject to (i) the absence of any law or governmental order, threatened or pending, preventing the consummation of the Business Combination, (ii) receipt of requisite approval for consummation of the Business Combination from EQV's shareholders, (iii) approval of the EQV shares being issued in connection with the Business Combination (including the Private Financings (as defined below)) for listing on the Securities Exchange and (iv) effectiveness and continued effectiveness at the time of the Closing of the Registration Statement.

Additionally, the obligation of PIH to consummate the Business Combination is further conditioned upon (i) the satisfaction of the Minimum Cash Condition, which requires that EQV, EQV Holdings, EQV Resources Intermediate LLC ("EQVR") and PIH, in the aggregate, have at least $140,197,687 in available cash at Closing, subject to certain deductions, and (ii) the occurrence of all conditions precedent to the consummation of the transactions contemplated by the EQV Resources Merger Agreement (as defined below), which generally provides for the acquisition by Presidio of EQV Resources LLC, a Delaware limited liability company ("EQV Resources").

*Termination*

The Business Combination Agreement may be terminated by the parties thereto under certain customary and limited circumstances at any time prior to Closing, including, without limitation, by mutual written consent or if the Business Combination has not been consummated on or before the date that is six months following the date of the Business Combination Agreement, which date will be extended automatically for up to 60 days to the extent the Parties are continuing to work in good faith toward Closing.

*Governance*

Pursuant to the Business Combination Agreement, effective at the Closing, the initial board of directors of the combined company will consist of a slate of initial directors mutually agreeable to the parties to the Business Combination Agreement and subject to certain director appointment rights of Sponsor and certain other investors as described further herein. Following the Closing, as discussed further below, under the Registration and Stockholders' Rights Agreement, Sponsor or its permitted transferees will have the right to designate two directors so long as it maintains greater than 20% ownership of Presidio common equity and one director so long as it maintains greater than 10% ownership of Presidio common equity. In addition, subject to certain conditions, so long as any Preferred Shares remain outstanding, holders of a majority of the then issued and outstanding Preferred Shares shall have the right to designate one or more directors pursuant to the terms of the Securities Purchase Agreement.

***Sponsor Letter Agreement***

In connection with signing the Business Combination Agreement, EQV, EQV Ventures Sponsor LLC, a Delaware limited liability company ("Sponsor"), Presidio, EQV Holdings, PIH and certain members of EQV's board of directors and/or management (the "Insiders") entered into a letter agreement, dated August 5, 2025 (the "Sponsor Letter Agreement"), pursuant to which (a) each of Sponsor and the Insiders agreed to vote in favor of the Business Combination Agreement and the Business Combination, (b) each of Sponsor and the Insiders agreed to be bound by certain restrictions on transfer with respect to its equity interests in EQV prior to Closing, (c) each of Sponsor and the Insiders agreed to be bound by certain lock-up provisions during the lock-up periods described therein with respect to its equity interests in EQV, (d) Sponsor agreed to subject certain of its EQV Class B Shares to vesting (or forfeiture) on the basis of achieving certain trading price thresholds during the first five years following the Closing pursuant to an earnout program, (e) Sponsor agreed to subject certain of its EQV Class B Shares to time vesting during the first three years following the Closing pursuant to a dividend reinvestment program, which will fall away on the basis of achieving certain trading price thresholds during the first three years following the Closing and (f) Sponsor and the Insiders agreed to waive any adjustment to the conversion ratio set forth in the respective governing documents of any of EQV, Presidio, EQV Merger Sub, EQV Holdings, and Presidio Merger Sub or any other anti-dilution or similar protection with respect to any equity interests in EQV, as more fully set forth in the Sponsor Letter Agreement.

Pursuant to the Sponsor Letter Agreement, 1,904,891 shares of Class B common stock, par value $0.0001 per share, of EQV ("EQV Class B Shares") held by Sponsor will be subject to forfeiture, and vest in two equal 50% increments if, over any 20 trading days within any 30 consecutive trading-day period during the five years following the Closing, the trading share price of the Presidio Class A Shares is greater than or equal to $12.50 per share and $15.00 per share, respectively (or if Presidio consummates a sale that would value such shares at the aforementioned thresholds).

Pursuant to the Sponsor Letter Agreement, immediately following the Closing, 3,809,783 EQV Class B Shares held by Sponsor, as may be adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like or exchanged for Presidio Class A Shares pursuant to the Business Combination Agreement and any newly issued Presidio Class A Shares resulting from dividends owed to Sponsor pursuant to the terms of the Sponsor Letter Agreement (the "DRIP Shares"), will be subject to forfeiture and shall vest in three tranches, with one-third of such shares vesting on the date that is 12 months following the Closing, one-half of such shares vesting on the date that is 24 months following the Closing and the remaining of such shares vesting on the date that is 36 months following the Closing.

Sponsor and the Insiders also agreed to be bound by certain "lock-up" provisions. Pursuant to the terms and conditions of the Sponsor Letter Agreement, 1,904,891 of Sponsor's equity interests in EQV will be restricted from transfer for a period ending on the earlier of the date (i) that is 12 months following the Closing Date and (ii) upon which Presidio completes a liquidation, merger, share exchange or other similar transaction following the Closing Date that results in all the equityholders of Presidio having the right to exchange their shares of Presidio Class A Common Stock for cash, securities or other property, subject to customary exceptions and potential early-release 150 days after the Closing based on the stock price sustaining specified price thresholds for 20 trading days within any 30 consecutive trading-day period.

***Subscription Agreements***

On August 5, 2025, EQV and Presidio entered into subscription agreements (each, a "Subscription Agreement") with certain investors (the "PIPE Investors") (and may enter into, during before the Closing, additional agreements with additional PIPE Investors on the same forms, as applicable)pursuant to which, among other things, the PIPE Investors have agreed to subscribe for and purchase, and EQV and Presidio have agreed to issue and sell to the PIPE Investors, an aggregate of 8,750,000 shares of Presidio Class A Common Stock following its Domestication for an aggregate purchase price of $10.00, on the terms and subject to the conditions set forth therein (the "PIPE Financing"). Each Subscription Agreement contains customary representations and warranties of EQV and Presidio, on the one hand, and the PIPE Investor, on the other hand, and customary conditions to closing, including the consummation of the Business Combination immediately following the consummation of the PIPE Financing. In connection with the Closing and pursuant to the Sponsor Share Transfer and Contribution Agreement, certain PIPE Investors are receiving in the aggregate 565,217 shares of Presidio Class A Common Stock in connection with the Sponsor surrendering 565,217 EQV Class B Shares to EQV, the net effect of which is that the PIPE Financing is not dilutive to a $10.00 per share valuation of EQV.

***Preferred Investment***

In connection with the Business Combination, EQV, Presidio and PIH entered into a Series A Preferred Securities Purchase Agreement (the "Securities Purchase Agreement") with certain investors (the "Preferred Investors"), pursuant to which, immediately prior to or substantially concurrently with the Closing, the Preferred Investors have committed to purchase from Presidio, in a private placement worth approximately $125,000,000, shares of Presidio's Series A preferred stock, par value $0.0001 per share (the "Preferred Shares"), having the rights, preferences, and privileges set forth in Presidio's Certificate of Designation of Preferences, Rights and Limitations of Series A Perpetual Preferred Stock, and warrants to purchase Presidio Class A Common Stock (the "Preferred Investor Warrants"), in each case as described in the Securities Purchase Agreement (the "Preferred Investment" and together with the PIPE Financing, the "Private Financings").

At the closing of the Preferred Investment, each Preferred Investor will receive Preferred Shares and Preferred Investor Warrants to purchase a specified number of shares of Presidio Class A Common Stock, as set forth in the Securities Purchase Agreement. The Preferred Investor Warrants will have an exercise price of $0.01, subject to adjustment as provided therein. The Preferred Investor Warrants will become exercisable in tranches, with 50% exercisable six months following the Closing and 50% exercisable 12 months following the Closing, and have a term of exercise equal to five years from the applicable exercise date, as provided further in the Preferred Investor Warrants.

The Securities Purchase Agreement contains customary representations and warranties by EQV, PIH, and the Preferred Investors, including with respect to organization, authority, enforceability, compliance with laws, absence of conflicts, and the validity of the Preferred Shares and Preferred Investor Warrants to be issued. In addition, subject to certain conditions, so long as any Preferred Shares remain outstanding, holders of a majority of the then issued and outstanding Preferred Shares shall have the right to designate one or more directors pursuant to the terms of the Securities Purchase Agreement.

The Preferred Investment is expected to be consummated substantially concurrently with the Closing of the Business Combination, and the proceeds from the Preferred Investment will be used to fund the transactions contemplated by the Business Combination Agreement and for general corporate purposes. The closing of the Preferred Investment is conditioned upon, and will occur substantially concurrently with, the consummation of the Business Combination.

***Sponsor Share Transfer and Contribution Agreement***

In connection with the Business Combination and the PIPE Financing, on August 5, 2025, EQV, Presidio, Sponsor, certain Rollover Members (as defined below) and certain PIPE Investors party thereto entered into Securities Contribution and Transfer Agreements (the "Sponsor Share Transfer and Contribution Agreements") in order to reflect the intended ownership interests of the shareholders of Presidio following the Business Combination. Pursuant to and subject to the terms and conditions of the Sponsor Share Transfer and Contribution Agreement, Sponsor agreed to contribute 565,217 shares of Class B ordinary shares of EQV to EQV as a contribution to capital at Closing (the "Contribution") and, in exchange, Presidio agreed to issue 565,217 shares of Presidio Class A Common Stock to the Rollover Members.

 ****

***Agreement and Plan of Merger***

In connection with the Business Combination, EQV and PIH negotiated the acquisition of all of the issued and outstanding equity interests of EQV Resources (the "EQV Resources Acquisition") and, contemporaneous with the execution of the Business Combination Agreement, EQV Resources, Presidio, EQV Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Presidio, EQVR and PIH entered into an agreement and plan of merger (the "EQV Resources Merger Agreement"), pursuant to which EQV and Presidio will effect the EQV Resources Acquisition on the terms and subject to the conditions set forth in the EQV Resources Merger Agreement and in accordance with applicable law.

***Rollover Agreement***

In connection with the Business Combination, contemporaneously with the execution and delivery of the Business Combination Agreement, EQV, EQV Holdings, PIH and certain unitholders of PIH ("PIH Unitholders") entered into those certain rollover agreements, dated as of August 5, 2025 (each, a "Rollover Agreement", and collectively, the "Rollover Agreements", and, such PIH Unitholders, the "Rollover Members"), pursuant to which the Rollover Units of such Rollover Members will, in accordance with the terms of the Business Combination Agreement and the Rollover Agreement, convert into the right to receive a number of EQV Holdings Common Units and the right to purchase the Presidio Class B Units at par value.

***Agreements to be Executed at Closing***

The Business Combination Agreement also contemplates the execution by the parties of various agreements at Closing, including, among others, the agreements described below.

*Registration and Stockholders' Rights Agreement*

In connection with Closing, EQVR, certain holders of PIH equity, certain members of Presidio's management and Sponsor (collectively, the "Registration Rights Parties"), EQV, EQV Holdings, and Presidio will enter into a registration and stockholders' rights agreement (the "Registration and Stockholders' Rights Agreement"). Under the Registration and Stockholders' Rights Agreement, Sponsor or its permitted transferees will have the right to designate two directors so long as it maintains greater than 20% ownership of Presidio common equity and one director so long as it maintains greater than 10% ownership of Presidio common equity. In addition, so long as any Preferred Shares remain outstanding, subject to certain conditions, holders of a majority of the then issued and outstanding Preferred Shares shall have the right to designate one or more directors pursuant to the terms of the Securities Purchase Agreement.

Pursuant to the terms of the Registration and Stockholders' Rights Agreement, the Registration Rights Parties will be granted certain customary registration rights, including demand and piggyback rights. In addition, certain of the Registration Rights Parties will agree, subject to the terms provided therein, that each such party will not transfer any of its registrable securities under the Registration and Stockholders' Rights Agreement for a period ending 180 days after the Closing.

*Amended and Restated Limited Liability Company Agreement*

Following the Business Combination, the combined company will be organized in an "Up-C" structure, such that Presidio and the subsidiaries of Presidio will hold and operate substantially all of the assets and business of PIH, and Presidio will be a publicly listed holding company that will hold equity interests in EQV. At Closing, EQV Holdings will amend and restate its limited liability company agreement (as amended, the "A&R LLC Agreement") in its entirety to, among other things, provide its equityholders with the right to redeem their Units for Presidio Class A Common Stock or, at Presidio's option, cash, in each case, subject to certain restrictions set forth therein.

On August 5, 2025, EQV and PIH issued a press release announcing the execution of the Business Combination Agreement, among other things. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Also, on August 5, 2025, EQV posted an investor presentation relating to the Business Combination on its website at http://www.eqvventures.com. This presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K. A substantially similar presentation was also used by EQV in connection with the PIPE Financing. Notwithstanding the foregoing, information contained on EQV's website and the websites of PIH or any of its affiliates referenced in Exhibit 99.1 or 99.2 or linked therein or otherwise connected thereto does not constitute part of, nor is it incorporated by reference into, this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibits 99.1 and 99.2, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of EQV or Presidio under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any of the information in this Item 7.01, including Exhibits 99.1 or 99.2.

**Forward-Looking Statements**

This Current Report on Form 8-K includes "forward-looking statements." These include EQV's, Presidio's, EQV Resources' or PIH's or their management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "potential," "budget," "may," "will," "could," "should," "continue" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Presidio's, PIH's, EQV Resources' and EQV's expectations with respect to future performance, the capitalization of EQV or Presidio after giving effect to the proposed business combination and related transactions with EQV Resources (the "proposed business combination") and expectations with respect to the future performance and the success of the combined company following the consummation of the proposed business combination. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K, and on the current expectations of Presidio's, PIH's, EQV's and EQV Resources' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Presidio, PIH, EQV Resources and EQV. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; benefits from hedges and expected production; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of EQV is not obtained; failure to realize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of Presidio to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to PIH or Presidio; risks related to PIH's current growth strategy; the occurrence of any event, change or other circumstances that could give rise to the termination of any definitive agreements with respect to the proposed business combination; the outcome of any legal proceedings that may be instituted against any of the parties to the potential business combination following its announcement and any definitive agreements with respect thereto; changes to the proposed structure of the proposed business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed business combination; risks that PIH or Presidio may not achieve their expectations; the ability to meet stock exchange listing standards following the proposed business combination; the risk that the proposed business combination disrupts the current plans and operations of PIH; costs related to the potential business combination; changes in laws and regulations; risks related to the domestication; risks related to Presidio's ability to pay expected dividends; the extent of participation in rollover agreements; the amount of redemption requests made by EQV's public equity holders; and the ability of EQV or Presidio to issue equity or equity-linked securities or issue debt securities or enter into debt financing arrangements in connection with the proposed business combination or in the future. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by PIH, EQV or Presidio resulting from the proposed business combination with the SEC, including under the heading "Risk Factors." If any of these risks materialize or any assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Presidio, PIH, EQV Resources nor EQV presently know or that Presidio, PIH, EQV Resources or EQV currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by investors as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

In addition, forward-looking statements reflect Presidio's, PIH's, EQV Resources' and EQV's expectations, plans or forecasts of future events and views as of the date they are made. Presidio, PIH, EQV Resources and EQV anticipate that subsequent events and developments will cause Presidio's. PIH's, EQV Resources' and EQV's assessments to change. However, while Presidio, PIH, EQV Resources and EQV may elect to update these forward-looking statements at some point in the future, Presidio, PIH, EQV Resources and EQV specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Presidio's, PIH's, EQV Resources' or EQV's assessments as of any date subsequent to the date they are made. Accordingly, undue reliance should not be placed upon the forward-looking statements. None of Presidio, PIH, EQV Resources, EQV, or any of their respective affiliates have any obligation to update these forward-looking statements other than as required by law. In addition, this Current Report on Form 8-K contains certain information about the historical performance of PIH. You should not view information related to the past performance of PIH as indicative of future results. Certain information set forth in this Current Report on Form 8-K includes estimates and targets and involves significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or targets or that all assumptions relating to such estimates or targets have been considered or stated or that such estimates or targets will be realized.

**Additional Information and Where to Find It**

In connection with the proposed business combination, EQV and Presidio plan to file a Registration Statement on Form S-4 (the "Registration Statement") with the SEC, which will include a prospectus with respect to the combined company's securities to be issued in connection with the proposed business combination and a preliminary proxy statement with respect to the shareholder meeting of EQV to vote on the proposed business combination. EQV, Presidio and PIH also plan to file other documents and relevant materials with the SEC regarding the proposed business combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus included in the Registration Statement will be mailed to the shareholders of EQV as of the record date to be established for voting on the proposed business combination. SECURITY HOLDERS OF EQV AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Presidio, PIH, EQV Resources and EQV once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by EQV may be obtained free of charge from EQV at www.eqvventures.com. Alternatively, these documents, when available, can be obtained free of charge from EQV or Presidio upon written request to EQV Ventures Acquisition Corp., 1090 Center Drive, Park City, Utah, 84098, Attn: Secretary, or by calling (405) 870-3781. The information contained on, or that may be accessed through the websites referenced in this Current Report on Form 8-K is not incorporated by reference into, and is not a part of, this Current Report on Form 8-K.

**Participants in the Solicitation**

EQV, EQV Resources, PIH, Presidio and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of EQV in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of EQV's executive officers and directors in the solicitation by reading EQV's final prospectus related to its initial public offering filed with the SEC on August 8, 2024, the definitive proxy statement/prospectus, which will become available after the Registration Statement has been declared effective by the SEC, and other relevant materials filed with the SEC in connection with the proposed business combination when they become available. Information concerning the interests of EQV's participants in the solicitation, which may, in some cases, be different from those of EQV's shareholders generally, will be set forth in the preliminary proxy statement/prospectus included in the Registration Statement.

**No Offer or Solicitation**

This Current Report on Form 8-K shall not constitute a solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of EQV, PIH, EQV Resources or Presidio, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. This Current Report on Form 8-K is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.

 **Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits**

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| | |
|:---|:---|
| 99.1 | [Press Release dated August 5, 2025](ea025073102ex99-1_eqv.htm) |
| 99.2 | [Investor Presentation dated August 5, 2025](ea025073102ex99-2_eqv.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| Dated: August 5, 2025 | **EQV VENTURES ACQUISITION CORP.** | **EQV VENTURES ACQUISITION CORP.** |
|  | By: | /s/ Tyson Taylor |
|  | Name: | Tyson Taylor |
|  | Title: | President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](ex99-1_001.jpg) | ![](ex99-1_002.jpg) |

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**Presidio Petroleum to go Public via Business Combination with EQV Ventures Acquisition Corp., Creating a Differentiated Dividend Yield-Driven C Corp Focused on the Optimization, Acquisition and Production of Oil and Natural Gas** 

● Presidio expects to initiate a $1.35/share annual common dividend (13.5% expected dividend yield at $10.00/share) after closing <sup>i</sup>

&nbsp;&nbsp;&nbsp;&nbsp;· Expected net production of 26 Mboe/d in 2025, with an 8% base decline rate, across a diverse set of more
than 2,000 operated oil and gas wells in Texas, Oklahoma, and Kansas

● Experienced management team will continue to lead Presidio, alongside a majority independent board

● 78% of estimated production hedged through 2027, expected to provide stable cash flow for dividends and systematic debt reduction

● Projected 16% unlevered free cash flow yield in 2026, with no development risk

● Approximately $970 million of transaction capital, inclusive of:

- Approximately $65 million of rollover equity from existing Presidio equity holders including approximately $40 million from Presidio management and $25 million from investment funds managed by Morgan Stanley Energy Partners;

- More than $85 million of PIPE investment from new investors, including a major oil and gas company;

- $125 million of Series A Preferred Equity anchored by funds advised by JPMorgan Investment Management;

- $50 million reserve-based loan commitment from Citizens Bank, N.A.;

- $279 million<sup>ii</sup> of investment grade debt remaining in place; and

- Approximately $360<sup>iii</sup> million of cash in trust

**Fort Worth, TX** – Presidio Investment Holdings, LLC ("PIH"), a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: EQV) ("EQV"), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, announced today that they have entered into a definitive business combination agreement (the "proposed business combination"). The proposed business combination will result in Presidio becoming a publicly listed company with an expected listing on the New York Stock Exchange under the ticker "FTW," reflecting Presidio's roots in Fort Worth, Texas, where it is headquartered. The combined company is expected to have an estimated post-transaction enterprise value of approximately $660<sup>iv</sup> million, including assets acquired pursuant to the transaction.

The combined company, a US-domiciled C Corp to be named Presidio Production Company ("Presidio" or the "Company"), will be led by Presidio's existing management team, including Will Ulrich and Chris Hammack as Co-CEOs. As part of the transaction, Presidio will also acquire a complementary Texas Panhandle asset from an affiliate of EQV, EQV Resources LLC ("EQV Resources"). EQV's sponsor will maintain a significant ownership stake in Presidio post-closing.

<sup>i</sup> Annual dividend subject to board approval and market conditions.

<sup>ii</sup> As of October 1, 2024.

<sup>iii</sup> Assumes no redemptions and before transaction expenses.

<sup>iv</sup> Assumes no redemptions but is after transaction expenses.

The transaction will create a new public company with a stable dividend,<sup>v</sup> underpinned by cash flow from the commodity price hedged production of stable, mature oil and gas wells. Presidio has a strong track record of substantial acquisitions and intends to acquire and optimize additional producing oil and gas wells. Presidio will optimize these acquisitions through the application of technology, which includes automation, real-time data analytics and the introduction of AI processes.

Presidio's entry into the public markets comes at a pivotal moment in the energy sector, as the capital-intensive shale era gives way to a more disciplined focus on returns. Presidio's differentiated model stands out with zero reliance on future drilling, minimal capital investment, and substantial free cash flow.

Presidio's strategy of acquiring under-managed oil and gas wells offers a contrarian and validated approach to hydrocarbon asset management with a focus on acquiring new assets, and optimizing existing production assets, across the United States.

**Presidio Management Commentary**

"Presidio was purpose-built to be the last, best steward of America's oil and gas wells," said Will Ulrich, Co-Founder and Co-CEO of Presidio. "This transaction provides a permanent platform to scale our yield-focused model, pursue highly accretive acquisitions, and generate value for shareholders."

"Presidio represents the next evolution of the public oil and gas company — efficient, predictable, and yield-driven within a simple and transparent business model," said Chris Hammack, Co-Founder and Co-CEO. "We believe our track-record of acquisitions and meaningful cost optimization make us the strongest near-term consolidator of mature assets."

"America's oilfield needs capital-disciplined operators focused on deploying new technology to create long-term value," continued Will Ulrich. "We have the expertise, track record and capital discipline to squeeze efficiency from every molecule and barrel, delivering superior returns."

**Pro Forma Presidio Production Company Highlights**

● New public company which deploys technology to efficiently acquire, optimize and produce oil and gas from stable, mature oil and gas wells in the United States

● Presidio's experienced management team staying in place and rolling approximately $40 million of equity

● Over 2,000 operated producing wells across Texas, Oklahoma and Kansas with expected net production of 26 Mboe/d in 2025

● Low production decline rate of 8% versus 24% peer average

● Minimal capital expenditure requirements with only 3% of expected cash flow reinvested

● 78% of estimated production hedged through 2027

● Expected $1.35/share annual common dividend,<sup>vi</sup> implying a peer-leading 13.5% dividend yield supported by stable hedged cash flows from Presidio's low-decline producing asset base

&nbsp;&nbsp;&nbsp;&nbsp;· Strong
capital support with investment from Presidio management, funds advised by JPMorgan Investment Management, Citizens Bank, N.A. and several
institutional investors, including a major oil and gas company

<sup>v</sup> Annual dividend subject to board approval and market conditions.

<sup>vi</sup> Annual dividend subject to board approval and market conditions and dividend yield based on $10.00 share price.

**EQV Management Commentary**

Jerry Silvey, Founder and CEO of EQV, commented, "This transaction with Presidio aligns with our vision to bring a world-class dividend yield focused producing energy company to the public markets. The structure of the transaction and meaningful commitments from investors will be critical to support the tested and experienced management team at Presidio. With our complementary expertise and shared vision, we are confident that Presidio will be a sustainable yield leader, well-positioned to be a preferred consolidator of producing oil and gas assets."

**Transaction Details**

Upon the closing of the business combination, EQV will be renamed Presidio Production Company and is expected to trade on the New York Stock Exchange under the ticker "FTW". The transaction values Presidio at a pro forma enterprise value of approximately $660 million,<sup>vii</sup> representing a discount to combined proved developed PV-10 value.

To finance the transaction, EQV has entered into agreements for approximately $85 million in common stock PIPE investments. The common stock PIPE is anchored by strategic and institutional investors, including a major oil and gas company. In addition, management and funds managed by Morgan Stanley Energy Partners will provide approximately $65 million of rollover equity. In connection with the transaction, EQV has also entered into agreements with Presidio and investors to issue, on a private placement basis, approximately $125 million of Perpetual Preferred Stock anchored by funds advised by JPMorgan Investment Management. Presidio has entered into a $50 million reserve-based lending commitment provided by Citizens Bank, N.A. to be funded upon closing. The combined financing, together with approximately $360 million of cash from the EQV trust account,<sup>viii</sup> will provide substantial liquidity for Presidio to pursue dividend accretive acquisitions.

Presidio's management team and EQV's sponsor and its affiliates have committed to customary lock-ups. EQV's sponsor has committed to customary earn-out provisions, which includes subjecting 75% of the founder shares held by EQV's sponsor after closing into a dividend reinvestment plan and earn-out structure. Presidio's management team have signed rollover agreements totaling over $32 million, with additional rollover agreements from other interest holders being sought up to an aggregate total of $40 million.

The expected transaction proceeds will be used for a $135 million equity buyout of existing Presidio equity holders, repayment of debt, hedge restriking, transaction expenses, and general corporate purposes. The transaction was unanimously approved by the EQV and Presidio boards of directors and the sole member of EQV Resources, and remains subject to the approval of EQV shareholders and the satisfaction or waiver of customary closing conditions. The balance of cash held in the EQV trust account, the equity private placement financing proceeds and debt financing will allow Presidio to continue to employ its acquisition growth strategy.<sup>ix</sup>

<sup>vii</sup> Assumes no redemptions but is after transaction expenses. <br> <sup>viii</sup> Assumes no redemptions and before transaction expenses. <br> <sup>xi</sup> Assumes no redemptions and before transaction expenses.

**Advisors**

Cantor Fitzgerald & Co served as financial advisor to Presidio and placement agent on the Series A Preferred Equity offering. TD Cowen served as financial advisor and lead capital markets advisor to EQV and as placement agent on the PIPE investment. BTIG, LLC also served as capital markets advisor to EQV. Citizens Bank, N.A. served as debt structuring advisor to Presidio. Sidley Austin LLP acted as legal counsel to Presidio, Kirkland & Ellis LLP acted as legal counsel to EQV, Baker Botts L.L.P. acted as legal counsel to EQV Resources, and Vinson & Elkins L.L.P. acted as legal counsel to TD Cowen. Weil, Gotshal & Manges LLP served as legal counsel to Presidio Management. King & Spalding LLP served as legal counsel to Cantor Fitzgerald & Co.

**About Presidio Petroleum**

Headquartered in Fort Worth, TX, Presidio is a leading operator of mature oil and gas wells across the Mid-Continent. The company is focused exclusively on optimizing existing production and generating sustainable cash flow from low-decline, producing assets.

**About EQV Ventures Acquisition Corp.**

EQV Ventures Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. EQV's sponsor is an affiliate of EQV Group, which was formed in 2022 and is an active acquirer of producing reserves, completing 14 acquisitions and currently managing and operating more than 1,800 wells across 10 states.

**Forward-Looking Statements** 

This press release includes "forward-looking statements." These include EQV's, Presidio's, EQV Resources' or PIH's or their management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "potential," "budget," "may," "will," "could," "should," "continue" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Presidio's, PIH's, EQV Resources' and EQV's expectations with respect to future performance, the capitalization of EQV or Presidio after giving effect to the proposed business combination and related transactions with EQV Resources (the "proposed business combination") and expectations with respect to the future performance and the success of the combined company following the consummation of the proposed business combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Presidio's, PIH's, EQV's and EQV Resources' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Presidio, PIH, EQV Resources and EQV. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; benefits from hedges and expected production; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of EQV is not obtained; failure to realize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of Presidio to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to PIH or Presidio; risks related to PIH's current growth strategy; the occurrence of any event, change or other circumstances that could give rise to the termination of any definitive agreements with respect to the proposed business combination; the outcome of any legal proceedings that may be instituted against any of the parties to the potential business combination following its announcement and any definitive agreements with respect thereto; changes to the proposed structure of the proposed business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed business combination; risks that PIH or Presidio may not achieve their expectations; the ability to meet stock exchange listing standards following the proposed business combination; the risk that the proposed business combination disrupts the current plans and operations of PIH; costs related to the potential business combination; changes in laws and regulations; risks related to the domestication; risks related to Presidio's ability to pay expected dividends; the extent of participation in rollover agreements; the amount of redemption requests made by EQV's public equity holders; and the ability of EQV or Presidio to issue equity or equity-linked securities or issue debt securities or enter into debt financing arrangements in connection with the proposed business combination or in the future. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by PIH, EQV or Presidio resulting from the proposed business combination with the SEC, including under the heading "Risk Factors." If any of these risks materialize or any assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Presidio, PIH, EQV Resources nor EQV presently know or that Presidio, PIH, EQV Resources or EQV currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by investors as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

In addition, forward-looking statements reﬂect Presidio's, PIH's, EQV Resources' and EQV's expectations, plans or forecasts of future events and views as of the date they are made. Presidio, PIH, EQV Resources and EQV anticipate that subsequent events and developments will cause Presidio's. PIH's, EQV Resources' and EQV's assessments to change. However, while Presidio, PIH, EQV Resources and EQV may elect to update these forward-looking statements at some point in the future, Presidio, PIH, EQV Resources and EQV specifically disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Presidio's, PIH's, EQV Resources' or EQV's assessments as of any date subsequent to the date they are made. Accordingly, undue reliance should not be placed upon the forward-looking statements. None of Presidio, PIH, EQV Resources, EQV, or any of their respective affiliates have any obligation to update these forward-looking statements other than as required by law. In addition, this press release contains certain information about the historical performance of PIH. You should not view information related to the past performance of PIH as indicative of future results. Certain information set forth in this press release includes estimates and targets and involves significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or targets or that all assumptions relating to such estimates or targets have been considered or stated or that such estimates or targets will be realized.

**Non-GAAP Financial Information**

This press release also includes certain forward-looking projections of financial measures not presented in accordance with generally accepted accounting principles ("GAAP") that are not reconcilable with GAAP measures due to their inherent uncertainty. Due to the forward-looking nature of such forward-looking non-GAAP financial measures used herein, management of Presidio and EQV cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measures. Accordingly, the Company is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable effort. Amounts excluded from these non-GAAP measures in future periods could be significant.

**Additional Information and Where to Find It**

In connection with the proposed business combination, EQV and Presidio plan to file a Registration Statement on Form S-4 (the "Registration Statement") with the SEC, which will include a prospectus with respect to the combined company's securities to be issued in connection with the proposed business combination and a preliminary proxy statement with respect to the shareholder meeting of EQV to vote on the proposed business combination. EQV, Presidio and PIH also plan to file other documents and relevant materials with the SEC regarding the proposed business combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus included in the Registration Statement will be mailed to the shareholders of EQV as of the record date to be established for voting on the proposed business combination. SECURITY HOLDERS OF EQV AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain free copies of the proxy statement/prospectus and other documents containing important information about Presidio, PIH, EQV Resources and EQV once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by EQV may be obtained free of charge from EQV at www.eqvventures.com. Alternatively, these documents, when available, can be obtained free of charge from EQV or Presidio upon written request to EQV Ventures Acquisition Corp., 1090 Center Drive, Park City, Utah, 84098, Attn: Secretary, or by calling (405) 870-3781. The information contained on, or that may be accessed through the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

**Participants in the Solicitation**

EQV, EQV Resources, PIH, Presidio and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of EQV in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of EQV's executive officers and directors in the solicitation by reading EQV's final prospectus related to its initial public offering filed with the SEC on August 8, 2024, the definitive proxy statement/prospectus, which will become available after the Registration Statement has been declared effective by the SEC, and other relevant materials filed with the SEC in connection with the proposed business combination when they become available. Information concerning the interests of EQV's participants in the solicitation, which may, in some cases, be different from those of EQV's shareholders generally, will be set forth in the preliminary proxy statement/prospectus included in the Registration Statement.

**No Offer or Solicitation**

This press release shall not constitute a solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of EQV, PIH, EQV Resources or Presidio, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. This press release is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.

**Presidio Media and Investor Contact**:

Presidio@icrinc.com

**For EQV:**

IR@eqvventures.com

## Exhibit 99.2

#### Exhibit 99.2
![](ex99-2_001.jpg)

August 2025 Presidio Production Company Investor Presentation

![](ex99-2_002.jpg)

Legal disclaimer 2 This presentation and any oral statements made in connection therewith have been prepared and are being provided on a confidential basis to assist interested parties in making their own evaluation with respect to the proposed Business Combination between EQV Ventures Acquisition Corp . (the "Company," "EQV," "EQV Ventures," "we," "us" or "our"), Presidio Investment Holdings LLC ("Presidio" or the "Target") and EQV Resources LLC ("EQV Resources") and related transactions (the "Business Combination"), solely for discussion with those persons to whom it is transmitted and for no other purposes . This presentation and its contents contain proprietary information and may not be reproduced or disseminated, in whole or in part . No offering of securities is being made at this time . You should not rely on any of the information contained in this presentation in making any investment decision . Any such offering of securities will only be made by means of a registration statement (including a prospectus) filed with the Securities and Exchange Commission ("SEC"), after such registration statement becomes effective, or in a transaction exempt from such requirements . No such registration statement has become effective and no such exempted transaction has occurred as of the date of this presentation . The distribution of this presentation may also be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions . The recipient acknowledges that (a) it is aware that the United States securities laws prohibit any person who has material non - public information concerning a company from purchasing or selling securities of such company or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, (b) it is familiar with the Securities Exchange Act of 1934 , as amended, and the rules and regulations promulgated thereunder (collectively, the "Exchange Act"), and (c) it will neither use, nor cause any third party to use, this presentation or any information contained herein in contravention of the Exchange Act, including Rule 10 b - 5 thereunder . Not an Offer This presentation and any oral statements made in connection therewith do not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction, domestic or foreign, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction . Such an offer or solicitation can only be made by way of an effective registration statement or applicable exemption from registration in accordance with the securities laws . Certain information included herein describes or assumes the expected terms that will be included in the agreements to be entered into by the parties to the Business Combination . Such agreements are under negotiation and subject to change . The consummation of the Business Combination would be also subject to other various risks and contingencies, including customary closing conditions . There can be no assurance that the Business Combination will be consummated with the terms described herein or otherwise . As such, the subject matter of these materials is evolving and is subject to further change by parties in their absolute discretion . Forward - Looking Statements Some of the statements contained in or made in connection with this presentation constitute "forward - looking statements" . Forward - looking statements relate to, but are not limited to, expectations, hopes, beliefs, intentions, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts . Terms such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would" and similar expressions may identify forward - looking statements, but the absence of these words does not mean that a statement is not forward - looking . Actual events or results may differ materially from those discussed in forward - looking statements as a result of various risks and uncertainties, many of which are beyond our control . Many factors could cause actual future events to differ materially from these forward - looking statements, including but not limited to : risks related to the uncertainty of the projected financial information ; risks related to Presidio's current growth strategy ; the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination ; the outcome of any legal proceedings that may be instituted against the Company, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto ; the inability to complete the Business Combination due to the failure to obtain approval of the stockholders of the Company or to satisfy other conditions to closing ; changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination ; the ability to meet stock exchange listing standards following the ; the risk that the Business Combination disrupts current plans and operations of Presidio ; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain key relationships and retain its management and key employees ; costs related to the Business Combination ; changes in applicable laws or regulations ; the possibility that Presidio or the combined company may be adversely affected by other economic, business and/or competitive factors ; Presidio's estimates of expenses and profitability ; and other risks and uncertainties set forth in the sections entitled "Cautionary Note Regarding Forward - Looking Statements" and "Risk Factors" in the Company's final prospectus relating to its initial public offering dated August 6 , 2024 or in other documents filed by the Company with the SEC . Please carefully consider the foregoing risk factors and the risk factors starting on page 29 of this presentation . If any of these risks materialize or the Company's or Presidio's assumptions prove incorrect, actual results could differ materially from the results expressed in, or implied by, these forward - looking statements . There may be additional risks that neither the Company nor Presidio presently knows or that the Company and Presidio currently believe are immaterial that could also cause actual results to differ from those contained in the forward - looking statements . In addition, forward - looking statements reflect the Company's and Presidio's expectations, plans or forecasts of future events and views as of the date of this presentation . The Company and Presidio anticipate that subsequent events and developments will cause the Company's and Presidio's assessments to change . However, while the Company and Presidio may elect to update these forward - looking statements at some point in the future, the Company and Presidio specifically assume no obligation and do not currently intend to do so, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable law . The information set forth herein does not purport to be complete, is unaudited and subject to change . These forward - looking statements should not be relied upon as representing the Company's and Presidio's assessments as of any date subsequent to the date of this presentation . Neither the Company nor Presidio gives any assurance that Presidio, or the combined company (if the Business Combination is consummated), will achieve its expectations . Accordingly, undue reliance should not be placed upon the forward - looking statements as predictions of future events, performance or achievements . Use of Industry and Market Data No representations or warranties, express or implied are given in, or in respect of, this presentation and any oral statements made in connection therewith . Industry and market data used in this presentation have been obtained from third - party industry publications and sources . Neither the Company nor Presidio has independently verified the data obtained from these sources nor can assure you of the data's accuracy or completeness . This data is subject to change . No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein . Any data on past performance or modeling contained herein is not an indication as to future performance . The Company and Presidio assume no obligation to update the information in this presentation . This presentation also contains estimates and other statistical data made by independent parties and by Presidio relating to reserves, operations and growth and other data about Presidio's industry . This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates . In addition, projections, assumptions and estimates of the future performance of Presidio and the combined company (if the Business Combination is consummated) are necessarily subject to a high degree of uncertainty and risk . Additional Information and Where to Find It In connection with the Business Combination, the Company plans to file a registration statement on Form S - 4 (the "Registration Statement") with the SEC, which will include a prospectus with respect to the combined company's securities to be issued in connection with the Business Combination and a preliminary proxy statement with respect to the shareholder meeting of the Company to vote on the Business Combination . The Company also plans to file other documents and relevant materials with the SEC regarding the Business Combination . After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus included in the Registration Statement will be mailed to the shareholders of the Company as of the record date to be established for voting on the Business Combination . SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE BUSINESS COMBINATION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION . Shareholders are able to obtain free copies of the prospectus and other documents containing important information about the Company and Presidio once such documents are filed with the SEC through the website maintained by the SEC at http : //www . sec . gov . In addition, the documents filed by the Company may be obtained free of charge from the Company at www . eqvventures . com . Alternatively, these documents, when available, can be obtained free of charge from the Company upon written request to EQV Ventures Acquisition Corp . , 1090 Center Drive, Park City, UT, Attn : Secretary, or by calling (405) 870 - 3781 . The information contained on, or that may be accessed through the websites referenced in this presentation is not incorporated by reference into, and is not a part of, this presentation . Sponsor Many statements contained herein relate to the historical experience of the Company's and Targets' sponsors, directors, officers, advisors, management team and their respective current and past affiliates and investments . An investment in the Company is not an investment in any of the past investments, companies or entities affiliated with any of the members of the Company's or Targets' management team or the Company's sponsor . The historical results of these investments, companies or entities is not necessarily indicative of the future performance of the Company . Such statements do not guarantee (i) that the Company will be able to complete the Business Combination, or (ii) success with respect to the Business Combination . Trademarks This presentation also contains references to trademarks and service marks belonging to other entities . Company and Target names and logos are trademarks or registered® trademarks of their respective holders . Solely for convenience, trademarks and trade names referred to in this presentation may appear without the® or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names . We do not intend our use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies . Use of Projections This presentation contains financial projections for Presidio, the Company (as successor to Presidio in any Business Combination) and EQV Resources . Neither Presidio's nor the Company's auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and, accordingly, no such auditors have expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation . These projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results . The assumptions and estimates underlying the projected information are inherently uncertain and are subject to a wide variety of significant business, regulatory, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the protected information . The assumptions underlying our projections include our ability to consummate and realize the anticipated benefits from acquisitions in the future, which may never materialize . Such acquisitions, if any, may not be consummated on the terms and conditions underlying our assumptions, and results may, and are likely to, differ materially from such assumptions . Even if the assumptions and estimates are correct, projections are inherently uncertain due to a number of factors outside Presidio's and the Company's control . Accordingly, there can be no assurance that the projected results are indicative of the future performance after the completion of any Business Combination or that actual results will not differ materially from those presented in the projected information . Inclusion of the projected information in this presentation should not be regarded as a representation by any person, including, without limitation, Presidio, the Company, EQV Resources and any placement agent, that the results contained in the projected information will be achieved . Financial Information; Non - GAAP Financial Measures Certain financial information and projections in this presentation for Presidio, the Company (as successor to Presidio in the Business Combination) and EQV Resources contain certain non - GAAP financial measures (including on a forward looking basis), including with respect to future revenues, Cash from Operations, Dividend Coverage Ratio, Dividend Yield, EBITDA, PV - 10 , Return on Capital Employed, Operating Cash Flow Margin, Leverage Ratio, Levered FCF, Unlevered FCF, PDP Reserve Life Ratio, PDP Decline Rate, Reinvestment Rate, capital expenditures and other non - GAAP financial measures . Please see the Glossary of this presentation for definitions of these measures . These projections of such non - GAAP financial measures cannot be confirmed with complete accuracy, and reconciliations of such projections of non - GAAP financial measures with GAAP measures are not possible to calculate . The Company and Presidio believe that these measures are useful to investors for the following reasons . First, the Company and Presidio believe that these measures may assist investors in evaluating the projected future performance and ability of the combined company to pay cash dividends to its shareholders by excluding the impact of items that do not reflect core operating performance or that are not expected to affect the ability of the combined company to pay cash dividends to its shareholders . Second, these measures are expected to be used by the Company's, Presidio's and EQV Resources' management to assess the Company's and/or EQV Resources' performance following completion of a Business Combination . The Company and Presidio believe that the future, continuing use of these non - GAAP financial measures will provide an additional tool for investors to use in evaluating ongoing operating results and trends over various reporting periods on a consistent basis . These non - GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP . Other companies may calculate these non - GAAP financial measures differently, and therefore such financial measures may not be directly comparable to similarly titled measures of other companies . Please see the Glossary on page 28 for more information regarding these measures .

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Introduction Section I

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4 Will Ulrich Founder and Co - CEO Atlas Energy UBS Investment Bank Founded in 2022, EQV Group is one of the most active acquirors of PDP reserves over the last three years, closing 14 acquisitions and managing / operating over 1,800 PDP wells across 10 states The team has a successful track record with more than $3Bn of capital deployed across traditional oil and gas over the last ten years Pro Forma Assets Presidio Headquarters Jerry Silvey Founder and CEO Magnetar Capital RBC Capital Markets Tyson Taylor President and CFO Magnetar Capital Star Peak Kirkland & Ellis Founded in 2017 and headquartered in Fort Worth, Presidio Petroleum is the "last, best steward for America's oil and gas wells" Presidio's mission is to be the most operationally efficient energy company in the United States The firm operates over 2,000 Proved Developed Producing ("PDP") wells across the Anadarko Basin of Texas, Oklahoma and Kansas Purposefully structured so that Presidio drives the day - to - day operations of the business with active strategic support from EQV Chris Hammack Founder and Co - CEO Trinity River Energy Atlas Energy Paloma Resource Partners Range Resources Brett Barnes EVP & General Counsel Trinity River Energy Forestar Group EOG Resources Anadarko Petroleum John Brawley EVP & CFO Maverick Natural Resources Sandridge Energy Guggenheim Partners 1. EQV Resources Partners LLC ("EQVR"), EQV Rodeo Partners LLC, EQV Operating LLC, Peachtree OG LLC and their direct and indirect subsidiaries and affiliates ("EQV Group") Dave Mochulski VP, Reservoir & Technology ExxonMobil XTO Energy Dave Smith VP, Operations Templar Energy Chesapeake Energy Company backgrounds Presidio Investment Holdings LLC ("Presidio") EQV Ventures Acquisition Corporation ("EQV" or "EQV Ventures") Presidio Background EQV Group 1 Background

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Transaction Highlights Public operator focused exclusively on acquiring and optimizing PDP assets, backed by a management team and sponsor group with a shared vision to provide an immediate and attractive return on capital to shareholders Presidio wholly aligns with EQV's goal to bring a differentiated PDP YieldCo to the public markets by applying peer - leading technology to efficiently acquire and produce oil and gas from stable, mature oil and gas wells in Texas, Oklahoma and Kansas EQV Group is contributing their Texas Panhandle assets into the transaction and creating alignment with a full equity roll alongside Presidio Management Combined team's complementary expertise expected to create the first dividend yield driven, U.S. - domiciled C - corporation focused solely on operation and acquisition of producing oil and natural gas assets Well - positioned to be a preferred consolidator of PDP, focused on acquiring dividend and equity value accretive targets, directly addressing an actionable $75Bn asset pool Presidio believes there is ~$1.4Bn of near - term, actionable acquisition opportunities within its core focus area meeting its strict criteria Presidio expects to pay a $1.35/sh annual dividend, representing a 13.5% 2 dividend yield at $10.00/sh, supported by stable cash flows from low - decline PDP assets, while pursuing regular acquisitions and targeting long - term leverage of ~2.0x 5 Note: See Glossary on page 28 for additional information on Definitions and non - GAAP measures 1. Unlevered FCF Yield calculated as Total EBITDA less Capex divided by enterprise value (EV used in calculation reflects only - Class A equity value) Initial dividend based on $10.00/sh and subject to board approval and market conditions Net Pro Forma PDP and PDNP reserves, excluding gains / losses associated with hedge book, as of 01/01/2025 effective date and priced as of 05/13/2025; Present Value at 10% ("PV - 10") is a non - GAAP measure Thousand barrels of oil equivalent ("Mboe") 2. 3. 4. ~16% Unlevered FCF Yield (FY26E) 1 13.5% Anticipated Annual Dividend Yield 2 78% Production Hedged (FY25E - FY27E) 26.1 Mboe/d Net Production 4 (2024 Exit) 11.7 Years of PDP Reserve Life $859MM Proved Developed PV - 10 3 8% PDP Decline Rate ~2.0x Long - Term Leverage Target Presidio / EQV Ventures merge to create a differentiated PDP YieldCo Projected Key Metrics

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Substantial low - decline Mid - Continent position 6 31.4 29.3 26.1 25.7 24.1 22.2 35 30 25 20 15 10 5 0 FY - 2022 FY - 2023 FY - 2024 FY - 2025E FY - 2026E FY - 2027E Source: Presidio and EQV Resources data Note: Reserve figures provided by company 1. 2. 3. 4. Net Pro Forma PDP and PDNP reserves, excluding gains / losses associated with hedge book, and well count as of 01/01/2025 effective date and priced as of 05/13/2025 Thousand barrels ("Mbbl") Million cubic feet ("MMcf") Reflects 2025E production Net Production (Mboe/d) Presidio EQVR Proved Developed PV - 10 Total (Mboe) NGL (Mbbl) Gas (MMcf 3) Oil (Mbbl 2) Well Count $788MM 102,121 31,104 346,853 13,208 2,314 Operated $70MM 10,030 2,006 38,211 1,655 1,939 Non - Operated $859MM 112,152 33,111 385,064 14,864 4,253 Total Pro Forma $859 $88 $771 Proved Developed PV - 10 ($MM) 1 25.7 3.2 22.5 '25E Production (Mboe/d) 45% 41% 46% Liquids 4 (%) Acreage Map Presidio EQVR Pro Forma Proved Developed Reserves Summary 1 Key Asset Statistics

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Differentiated Combination Synergistic PDP assets with comparably low - decline rates Anticipated dividend expected to be payable in Q4'25 1 Presidio's existing ~125 employees expected to offer significant experience to the combined entity Simple Business Model Predictable cash flows facilitate dividend Dividend is not reliant on capital expenditures or future drilling activity Hedging strategy and diversified commodity mix mitigate commodity price risk Established reputation for disciplined capital allocation Ample Growth Proven track record of value creation via targeted acquisitions and optimization $75 billion of assets in targeted class expected to be monetized in the next 5 years 2 Right to participate in future drilling operations within dedicated acreage 7 1. 2. Subject to board approval, market conditions and the closing date of the transaction Figure sourced via Enverus, internal analysis and public information; d ata through 05/31/2024. All statistics are based on a proprietary database of approximately 1,000 PE portfolio companies Merger consistent with Presidio and EQV's value - oriented thesis

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EQV Ventures Target Merger Criteria Significant PDP Asset Value Quality Assets Within Overlooked Basins Mature, Low - Decline Production Base Predictable Production and Cash Flow Profile Capable of Long - Term Hedging Meaningful Unlevered Free Cash Flow Yield High Wellbore Value Diversity Diverse Commodity Composition Exclusive focus on PDP thesis since founding of the business Consolidated position in the Western Anadarko Basin Peer - leading 8% base decline profile 3x lower than public comparables 1 High degree of visibility into performance over asset's life Active hedge profile (78%) over 3 years 2 supports stable equity distribution De minimis capex drives high unlevered FCF conversion and ~16% 3 FCF yield Distributed value across 2,000+ wells mitigates concentration risk Diverse production mix provides for balanced market exposure 8 Presidio merger aligns with EQV goal to bring a world - class PDP YieldCo to the public markets 1. 2. 3. Peer group defined as BSM, CRGY, DEC, GRNT, KRP, NOG, REPX and SD Covers period ranging from 01/01/2025 - 12/31/2027 Unlevered FCF calculated as Total EBITDA less Capex Presidio meets EQV Ventures' target criteria

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9 $75 Bn Upstream Assets Held by Aging PE Funds Expected to Require Liquidity Within the Next Five Years 1 Primary Target Pool Source: Enverus, internal analysis and public information Note: Primary Target Pool data through 05/31/2024. All statistics are based on a proprietary database of approximately 1,000 PE portfolio companies Note: Projections include assumed illustrative acquisitions that assume 20% free cash flow yield, 40% debt funding at 7% annual interest expense, no incremental capex, 1.1x dividend coverage on pro forma cash flow, cash comprising 60% of the consideration in 2025 and 2026, incremental shares comprising 60% of the consideration assuming an implied price per share based on 13.5% dividend yield in 2027; dividend payment subject to board approval and market conditions; see appendix for more information regarding the assumptions underlying such illustrative scenarios Note: Projections include assumed illustrative acquisitions that assume Enterprise Values of $200MM, $300MM and $400MM in FY - 2025E, FY - 2026E and FY - 2027E, respectively 1. 2. Assumes private equity fund average life to be 10 years with two one - year extensions Represents LQA dividend on common equity as of Q4 for each respective period "The opportunity set of PDP assets is only going to grow... The best move, IMHO, would be to find an experienced team that is willing to really work on the optimization of older assets... " – Enverus Intelligence Report Dividend per Share ($/sh) 2 Presidio pipeline: Impending asset supply wave $2.77 $2.07 $1.42 $1.35 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 FY - 2027E FY - 2026E FY - 2025E FY - 2025E No Acquisitions Illustrative Acquisitions

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10 Source: Potential targets in ongoing potential acquisition processes under review by Presidio, Enverus 1. Metrics included in the table are averages of potential asset acquisition opportunities that the company has identified as potentially attractive acquisition opportunities in the future. There is no assurance that the company will be able to negotiate and consummate any such potential acquisition opportunities on these terms or at all Well count based on gross active wells and sourced from Enverus 'Average Production' and 'LTM % Gas' for certain individual target assets sourced from Enverus. Certain 'LTM % Gas' metrics based on gross 2 - stream wellhead production 2. 3. Presidio illustrative pipeline: Potential acquisitions 1 Average Active Wells 2 (Horizontal / Vertical) LTM % Gas Average Production (MMcfe/d) Indicative Avg. Transaction Value ($MM) Transaction Range ($MM) 650 (50% / 50%) 56% 44 $138 $100 – $150 700 (86% / 14%) 74% 57 $175 $150 – $200 1,838 (8% / 92%) 93% 3 66 3 $281 > $200 1,004 (35% / 65%) 74% 54 Total Illustrative Acquisition Pipeline Average Total Acquisition Pipeline of ~$1.4Bn Continuously vetting opportunities that would strengthen Presidio as a PDP YieldCo and maximize shareholder returns Barnett ~$200 14% Haynesville ~$450 33% Mid - Continent ~$725 53% ~$1,375MM Acquisition Pipeline by Basin

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11 Peer - Leading Anticipated Dividend Yield Based on $10.00/Sh Price 13.5% Source: Presidio materials, peer - company filings and Wall Street research Note: Market data as of 07/21/2025 1. 2. Peer group comprises: BSM, CRGY, DEC, EPM, GRNT, KRP, NOG, REPX, SD and VTS Initial dividend subject to board approval and market conditions A B C D E F G H I J 0% 2% 4% 6% 8% 10% 12% 0 2 4 10 12 14 16 Dividend Yield (%) PDP Reserve Life (Reserves / Production) Peer Avg. 8.4% Yield Peer Avg. 7 Year R/P 6 8 Unrivaled Anticipated Dividend With Long - Term Sustainability vs. Public Peers 1 16% 14% Attractive initial yield versus peers 2

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12 Source: Presidio materials, peer - company filings and Wall Street research Note: All PF Presidio metrics include hedge impacts and represent base business financials Note: Market data as of 07/21/2025 Note: See Glossary on page 28 for additional information on Definitions and non - GAAP measures Note: All peer comps as of 1Q'25 and reflect announced subsequent transactions 1. 2. 3. Inclusive of contributed EQVR assets and 25% of founders shares that will participate in dividends WI peer group comprised of CRGY, DEC, EPM, GRNT, NOG, REPX, SD and VTS Royalty Interest peer group defined as BSM, DMLP and KRP 4. 5. 6. Excludes EPM, VTS (WI) & DMLP (Royalty) decline rates as they are not disclosed YE24 PDP reserves / 2025E production Reinvestment rate calculated as Capex / CFO; CFO calculated as Total EBITDA (Hedged) less Interest Expense and Cash Taxes Calculated as 2026E Unlevered FCF divided by Enterprise Value; Presidio Unlevered FCF calculated as Total EBITDA less Capex Reflects Presidio's anticipated dividend and is based on $10.00/sh; subject to board approval and market conditions 7. 8. Royalty Interest Peer Average 3 Working Interest Peer Average 2 Presidio Metric 1 Category Low - Decline, Long Duration PDP Assets Nearly Double Peer PDP Reserve Life Near - Zero Capex Maximizes FCF Operating Metrics 22% 4 24% 4 8% Average PDP Decline 6.1 7.8 11.7 Reserve Life Ratio (Years) 5 N/A 60% 3% 2026E Reinvestment Rate 6 (%) 14% 12% 16% 2026E FCF Yield (%) 7 Durable Peer - Leading FCF Highest Dividend Yield to PIPE Investors Low Risk Reserves at Deep Discount Valuation Metrics 12.0% 7.3% 13.5% 8 2026E Dividend Yield (%) $50.20 $9.27 $5.92 EV / Proved Reserves ($/ Boe) Differentiated business model delivers compelling value proposition

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1. Presidio's net enterprise value reflects interim debt service amounts of $46.5MM from 10/01/2024 to 09/30/2025 (anticipated announcement of the Business Combination); impact of hedge liability (asset) excluded from pro forma capitalization table A - 1 & A - 2 tranches hold effective annual coupon rates of ~7.81% and ~8.42%, respectively EV comprised of $34.2MM of equity value and $24.5MM of roll - forward net debt to be paid off immediately prior to consummation of the Business Combination Net Pro Forma PDP and PDNP reserves, excluding gains / losses associated with hedge book, as of 01/01/2025 effective date and priced as of 05/13/2025 Initial expected dividend subject to board approval and market conditions 2. 3. 4. 5. 6. Assumes latest reported SPAC trust value of $363MM with no redemptions, inclusive of 3 months of accrued interest at 4% annually; Cash in Trust and Preferred Equity are shown net of fees and expenses 7. Includes 100% committed rollover of existing management and assumes 100% rollover of non - employees 13 8. Excludes 3.8MM of DRIP shares and 1.9MM of earn - out shares; 50% of Founder Shares to be placed into a Mandatory Dividend Reinvestment Program (DRIP) subject to a three - year vesting schedule; of the 1.9MM earn - out shares, 50% vest at $12.50/sh and 50% vest at $15.00/sh with a five - year expiration 9. Excludes 1.9MM of unvested management MIP shares issued at closing 10. Excludes the impact of any SPAC warrants which have a strike price at $11.50/sh and ~1.0MM of warrants in connection with the $125MM preferred equity investment 60.8% 4.3% 5.3% 1.5% EQV Resources Morgan Stanley Energy Partners Founder Shares Other\*\*\* Pro Forma Equity Ownership 10 (%) EQV Ventures Shareholders 15.2% Third - Party PIPE Investors 6.9% Presidio Management 5.9% $315 $279 Net Debt ($37) Net Debt / 2026E EBITDA NMF $125 Perpetual Preferred Equity Equity Ownership (Million Shares) 8 Third - Party PIPE Investors EQV Resources Presidio Management 7,9 Morgan Stanley Energy Partners EQV Ventures Shareholders Founder Shares Other\*\*\* 8.8 3.4 4.0 2.5 35.0 3.0 0.9 Total Shares Outstanding 57.6 Assumed Share Price $10.00 Total Preferred + Common Equity Value $701 Total Enterprise Value $664 Anticipated Annual Dividend Per Share 5 $1.35 Sources PIPE Investors + Presidio & MSEP Roll 7 Cash in Trust Assumption of Presidio ABS Debt Preferred Equity Total Sources $910 Uses $153 Acquisition of Presidio Equity $357 EQVR + WAB Debt Paydown\* $279 Assumption of Presidio ABS Debt $122 NewCo Hedge Book Re - Strike\*\* Transaction Expenses Total Cash to Balance Sheet $200 $28 $279 $77 $22 $304 Total Uses $910 The combination de - leverages Presidio and creates a platform with a strong strategic purpose and growth potential Pro Forma Capitalization 6 As of De - Spac Transaction Close Total Cash & Equivalents Debt Outstanding Total Debt Transaction Summary Deal Structure Presidio acquired at $479MM 1 enterprise value, including $200MM of equity value and $279MM assumption of low - cost investment - grade ("IG") ABS debt comprised of two tranches (A - 1 & A - 2) 2 EQV's Texas Panhandle Asset (EQV Resources, "EQVR") acquired by Presidio at ~$59MM 3 enterprise value; EQV Group to roll all ~$34MM of existing equity into the combined entity Sponsor to place 75% of Class B Founder Shares into either a Dividend Reinvestment Program ("DRIP") or share price based earn - out structure Valuation Transaction implies pro forma enterprise value of $664MM (representing ~77% of combined Proved Developed PV - 10) 4 Anticipated dividend yield of 13.5% at $10.00/sh 5 Financing Over $150MM of equity capital from institutional and strategic investors including PIPE raise and $65MM of equity rollover by Presidio management and Morgan Stanley Energy Partners ("MSEP") $50MM RBL Facility entered into in connection with the transaction (undrawn at transaction close) $125MM of Perpetual Preferred Equity raised with 8% cash interest Plan to re - strike both EQVR and Presidio's existing hedge books with excess cash at close or shortly thereafter Expected Sources and Uses 6 \*Includes ORRI Purchase \*\*Includes cost to re - strike both Presidio & EQVR hedge books \*\*\*Includes Class A sponsor private placement shares, BTIG (EQV IPO underwriter) shares, EQV non - executive directors and pro forma board members Transaction overview

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Presidio Petroleum Section II

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Presidio public company vision 15 Acquire Utilize our disciplined, value - based framework to systematically pursue accretive PDP - heavy acquisitions Optimize Increase efficiency across the cost - structure, leveraging technology, synergies and our access to attractive PDP financing Produce Extract crude, natural gas and NGLs at competitive margins, creating predictable cash flows to be used in future acquisitions and shareholder returns Repeatable, three - step process to create a growing platform of stable, long duration cash flows with an emphasis on highly - efficient capital allocation and total shareholder return

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How Presidio generates value 16 Consistent and repeatable framework to create value and deliver outsized returns to investors Acquisition Foundation Day 1 After Acquisition Year 1 After Acquisition Continuous Optimization Creative Development Partnership Extract value from undeveloped leasehold position via divestitures, recompletions and development partnerships with established operators; further high - grade existing assets through deployment of proprietary technology Implement rigorous cost, production and revenue optimization initiatives; effective commodity hedging strategy protects cash flows and provides stable returns Highly targeted acquisitions of under - managed, cash - flowing U.S. E&P properties; ability to maximize screening efficiency and transaction velocity while maintaining accuracy Data driven LOE optimization, production enhancements, marketing optimization and maximizing synergies to position Presidio as a premier oil and gas asset optimizer Capture option value from emerging development plays, commercialize "home - grown" technology Five Stages of Asset Enhancement

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Corporate carve - out and buyout track record 17 2,425 3,763 Acquisition of Company A Acquisition of Company B Acquisition of Company C Pro Forma Public Presidio 2,000 50% 1,000 25% 252 0 0% 3,000 75% 4,000 100% Cumulative Wells Acquired Emissions Reduction 3 Year 1 OPEX Reduction 2 Presidio has a track record of successful acquisitions, reducing costs on average by ~50% relative to prior owners within one year of closing Cumulative Presidio PDP Wells Under Management 1 Month 1 OPEX Reduction 2 5,000 125% 4,253 Pre - Acquisition Close Average Month 1 Month 1 OPEX (%) 0% 25% 50% 75% 100% 125% Emissions (%) 0% Pre - Acquisition Close Average 2023 Pre - Acquisition Close Source: Presidio internal materials and analysis Note: Year 1 OPEX reduction figures reflect reduction between the 3 - month average from 6 months prior to close and the 3 - month average one year after close. 25% 50% 75% 100% 125% Average Year 1 Year 1 OPEX (%) 1. Acquisitions of Companies A, B and C reflect Presidio - only net PDP well count (excluding WAB wells) as of company reserve report effective 01/01/2025 and priced as of 05/13/2025. Pro Forma Public well count includes EQV Resources OPEX cuts are Presidio - operated only and exclude workover expense and gathering and processing expenses Average reduction in emissions of acquired assets from acquisition - close through YE 2023 2. 3.

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18 Vertical Integration Undeveloped Acreage Continuous Optimization Reduced operating expenses 23% Y/Y (Q3'24/Q3'23) 1 Feedback loops on all cost categories Downsizing and releasing compressors as dictated by declining production Established Trail Dust business unit to bring certain oil field services in - house Grown company - owned compressor fleet 52% Y/Y (YE23/YE24) Developed proprietary line of emission reduction devices Accelerated value on 126k total undeveloped acres including the sale of 112k acres in the Cherokee and 5k acres across other formations Historically successful monetization of undeveloped acreage helps to accelerate value and serves as a key aspect of the company's A&D strategy 1. OPEX is Presidio - operated only and excludes gathering and processing expenses Presidio's Kaizen philosophy: "We are never done optimizing"

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Oil Field Real - Time Dashboards: Field data is transformed into clear, actionable dashboards for instant insights AI Optimization: Enhances operational efficiency by identifying patterns and recommending optimizations for field operations Gamification: Incentivizes field teams to achieve quarterly goals through engaging challenges and rewards 19 Predictive Financial Modeling: Leveraging field data to improve financial forecasting and performance projections Clean Field Data: Pumpers deliver clean, standardized data for seamless integration and analysis Fort Worth HQ Technology - driven fast feedback loops between Fort Worth and the field

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20 1.7% 2.7% 3.2% 5.8% 6.7% 7.2% 7.6% 8.3% 9.3% 11.9% Return on Capital Employed 1 19.0% Financials Real Estate Utilities Industrials Consumer Discretionary Communication Services Materials Consumer Staples Energy Information Technology Presidio (3.8%) Utilities 7.0% 8.3% 8.9% 11.4% 13.7% 14.3% Operating Cash Flow Margin 2 41.4% 31.5% 25.9% 19.2% Real Estate Consumer Staples Consumer Discretionary Industrials Energy Materials Communication Services Information Technology Financials Presidio Source: Bloomberg Note: See Glossary on page 28 for additional information on Definitions and non - GAAP measures Note: Figures are as of 09/30/2024 and represent average last three years figures from each corresponding S&P500 Industry Index as well as Presidio 1. 2. Return on Capital Employed (non - GAAP) calculated as EBIT / (Assets minus Current Liabilities) Operating Cash Flow Margin (non - GAAP) calculated as (EBITDA minus Capital Expenditures) / Hedged Revenue Result: Superior returns on capital employed and profitability

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Summary Financial Projections Section III

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22 Unlevered Free Cash Flow 1,2 ($MM) $350 $576 $600 $744 $126 $131 $137 $148 $425 $557 $850 $1,157 $1,438 $0 $500 $1,000 $1,500 $2,000 FY - 2025E FY - 2026E FY - 2027E $MM Common Equity \* Preferred Equity Net Debt Enterprise Value ($MM) Dividend per Share 1,3 ($/sh) $3.50 $3.00 $2.77 Net Debt and Leverage Ratio 1 $800 underlying such illustrative scenarios Note: FY - 2025E reflects annualized 2H'25 cash flow estimates; projections include assumed illustrative acquisitions that assume Enterprise Values of $200MM, $300MM and $400MM in FY - 2025E, FY - 2026E and FY - 2027E, respectively Note: 50% of Founder Shares to be placed into a Mandatory DRIP subject to a three - year vesting schedule 1. 2. 3. Assumes implied price per share based on 13.5% dividend yield Unlevered FCF calculated as Total EBITDA less Capex Represents LQA dividend on common equity as of Q4 for each respective period FY - 2025E FY - 2026E FY - 2027E Note: See Glossary on page 28 for additional information on Definitions and non - GAAP measures Note: Assumes forward commodity strip pricing as of 07/21/2025; avg. WTI 2025E ($66.69/bbl), 2026E ($63.24/bbl), 2027E ($63.06/bbl); avg. NYMEX HH 2025E ($3.57/MMbtu), 2026E ($4.16/MMbtu), 2027E ($4.00/MMbtu) Note: Projections include assumed illustrative acquisitions that assume 20% free cash flow yield, 40% debt funding at 7% annual interest expense, no incremental capex, 1.1x dividend coverage on pro forma cash flow, cash comprising 60% of the consideration in 2025 and 2026, incremental shares comprising 60% of the consideration assuming an implied price per share based on 13.5% dividend yield in 2027; dividend payment subject to board approval and market conditions; see appendix for more information regarding the assumptions $155 $213 $287 $0 $50 $100 $150 $200 $250 $300 FY - 2025E FY - 2026E FY - 2027E $MM $1.42 $2.07 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $/ Share $148 $425 $557 2.0x 1.9x 1.0x FY - 2025E FY - 2026E FY - 2027E 0.0x 2.0x 4.0x 6.0x 8.0x $0 $200 $400 $600 Leverage $MM Summary financial projections with illustrative future acquisitions \* Assumes flat $10.00/share across all periods presented

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8% 10% 10% 13% 10% 7% 9% 9% 9% 70% 71% 74% 0% 25% 50% 75% 100% 2027E % of Unlevered FCF Preferred Dividend Net Interest & Corporate Taxes Illustrative Allocation of Unlevered FCF 2 Dividend Net Debt Reduction 23 Summary financial projections assuming no future acquisitions 25.7 24.1 22.2 83% 82% 68% 0% 50% 100% 0 10 20 FY - 2025E FY - 2026E FY - 2027E Production Hedged (%) Mboe/d Total Production (Mboe/d) 30 Oil Gas NGL 150% Total EBITDA (Hedged) ($MM) $150 5.0x Note: See Glossary on page 28 for additional information on Definitions and non - GAAP measures Note: Assumes forward commodity strip pricing as of 07/21/2025; avg. WTI 2025E ($66.69/bbl), 2026E ($63.24/bbl), 2027E ($63.06/bbl); avg. NYMEX HH 2025E ($3.57/MMbtu), 2026E ($4.16/MMbtu), 2027E ($4.00/MMbtu) Note: No follow - on acquisitions represented in projections Note: 50% of Founder Shares to be placed into a Mandatory DRIP subject to a three - year vesting schedule 1. 2. Unlevered FCF calculated as Total EBITDA less Capex Based on base case NYMEX strip; Net Debt Reduction includes existing debt paydown, Mandatory IG ABS Amortization Payments, IG ABS DSRA release, Trail Dust Facility amortization & paydown and any RBL drawing / paydowns; calculations exclude DRIP shares until vested as per the note above $110 (0.3x) (0.4x) (0.4x) $25 0.0x $75 2.0x $50 1.0x $125 $116 $116 4.0x $100 3.0x $0 (1.0x) Q4 - 2025E Annualized FY - 2026E FY - 2027E Leverage $MM $107 17% 16% 15% Unlevered Free Cash Flow 1 ($MM) $150 $125 $115 $113 $100 0% Q4 - 2025E Annualized FY - 2026E FY - 2027E Q4 - 2025E Annualized 2026E 10% 20% 30% 40% 50% $0 $25 $50 $75 FCF Yield (%) $MM

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Appendix Section IV

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$1.35 $1.35 $1.35 $0.17 $0.18 $0.18 $0.14 $0.09 $0.19 $0.06 $0.20 $0.15 $1.77 $1.86 $1.77 Q4 - 2025E Annualized 2026E 2027E Common Dividend Net Debt Reduction Preferred Dividend Net Interest & Corporate Taxes $1.35 $1.35 $1.35 $0.17 $0.18 $0.18 $0.12 $0.19 $0.24 $0.19 $0.19 $0.15 $1.83 $1.91 Q4 - 2025E Annualized 2026E 2027E Illustrative Unlevered FCF/Sh Utilization – NYMEX Strip (25% Reduction) 1 Common Dividend Net Debt Reduction Preferred Dividend Net Interest & Corporate Taxes $1.92 Durable yield combined with simple capital allocation strategy for base business 25 Illustrative Unlevered FCF/Sh Utilization – NYMEX Strip 1 Resilient Free Cash Flow Available For Distribution and Debt Service Near - Zero Capex Low Exposure to Development Risk Premier Hedging Strategy Peer - Leading PDP Reserve Life Note: Assumes forward commodity strip pricing as of 07/21/2025; avg. WTI 2025E ($66.69/bbl), 2026E ($63.24/bbl), 2027E ($63.06/bbl); avg. NYMEX HH 2025E ($3.57/MMbtu), 2026E ($4.16/MMbtu), 2027E ($4.00/MMbtu) Note: 50% of EQV's Founder Shares to be placed into the DRIP at close subject to three - year vest and are subject to mandatory dividend reinvestment until vested Note: Unlevered FCF calculated as Total EBITDA less Capex 1. Based on annual average Class A Shares Outstanding; Net Debt Reduction includes existing debt paydown, Mandatory IG ABS Amortization Payments, IG ABS DSRA release, Trail Dust Facility amortization & paydown and any RBL drawing / paydowns; calculations exclude DRIP shares until vested as per the note above

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26 Presidio's PDP strategy provides a differentiated mix of high current cash flow yield with low exposure to development risk Royalty Non - Operated Operated Presidio Asset Type Positive Attributes Full Control Visibility on Capex Less Competitive Target Universe Low Exposure to Development Risk Robust Hedging Program Lowest Decline Can be Selective on Future Capital High Operating Leverage Low Corporate Overhead Limited Exposure to Inflation Diversified Operator Exposure Negative Attributes Limited Tier 1 Development Exposure Limited Benefit From Near - Term Commodity Upside Inventory Treadmill Drilling & Completion Execution Risk Highly Competitive Target Universe Potentially Inferior Assets Steep Declines No Control Over Development Difficult to Achieve Scale Limitations of Partnership Structure Unique strategy compares favorably to current public investment opportunities

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27 Key assumptions in illustrative transactions Key Transaction Assumptions Transaction Structure & Key Assumptions Illustrative Transactions FY - 2025 Illustrative Transaction $200MM FY - 2026 Illustrative Transaction $300MM FY - 2027 Illustrative Transaction $400MM Transactions assume: 20% free cash flow yield 40% debt funding at 7% annual interest expense No incremental capex 1.1x dividend coverage on pro forma cash flow Cash comprising 60% of the consideration in 2025 and 2026; incremental shares comprising 60% of the consideration assuming an implied price per share based on 13.5% dividend yield in 2027

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Cash from Operations: A metric to determine whether a company generates enough cash flow to maintain operations, calculated as Total EBITDA (Hedged) less Interest Expense and Cash Taxes. Dividend Coverage Ratio: A metric that measures a company's ability to pay its fixed dividend to applicable shareholders, calculated as Unlevered Free Cash Flow divided by Dividend Payout. Dividend Yield: A metric that measures annual dividends received relative to the market value of the share price, calculated as the annual dividend per share divided by current share price. EBITDA: A measure of a company's profitability of the operating business only, calculated as Earnings before Interest, Taxes, Depreciation and Amortization plus/less hedging impact (excluding expensed Presidio MIP award dividend payout). Levered FCF: A metric that measures the amount of cash a company has after meeting its financial obligations, calculated as Total EBITDA (Hedged) less Interest Expense, Mandatory IG ABS Amortization Payments, Cash Taxes and Capex. Leverage Ratio: Any metric that measures a company's debt in relation to another financial metric for the purposes of exhibiting the entity's ability to meet financial obligations, calculated as net debt divided by Total EBITDA (Hedged) in this presentation. Operating Cash Flow Margin: A metric to view a company's operations by excluding certain non - recurring expenses, calculated by dividing non - GAAP operating income by hedged revenue. PDP: Proved Developed Producing; reserves that are currently being produced and are expected to be recovered with existing equipment. PDP Decline Rate: A measure of a company's decline in production of PDP reserves, assuming no growth in PDP. PDP Reserve Life Ratio: A metric used to determine the lifespan of a company's PDP reserves assuming no PDP growth and a constant level of production, calculated as PDP divided by annual production. PUD: Proved Undeveloped; reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells, where a relatively major expenditure is required for recompletion. PV - 10: A metric that estimates the value of a company's oil and gas reserves, calculated by discounting the present value of future oil and gas revenues by 10% per year to account for the timing of future cash flows. Proved Reserves (1P): Those quantities of oil and gas which can be estimated with reasonable certainty to be economically producible from known reservoirs, and under economic conditions, operating methods and government regulations. Reinvestment Rate: The percentage of a company's cash flows that is reinvested into the business to generate future growth, calculated as Capex divided by CFO. Return on Capital Employed: A metric to measure how efficiently a company uses its capital, calculated by dividing a company's net operating profit after tax by its average invested capital. Standardized Measure: A method of measurement that uses consistent procedures and units to produce reliable and comparable data. Unlevered FCF: A metric that measures the amount of cash a company generates from its operations before accounting for interest and taxes, calculated as Total EBITDA (Hedged) (excluding expensed Presidio MIP award dividend payout) minus capex. Wellbore: A hole drilled in the ground to aid in the exploration and recovery of O&G. 28 Glossary

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29 Presidio's business depends on third - party transportation and processing facilities and other assets that are owned by third - parties. The loss of a key member of Presidio's management team, upon whose knowledge, relationships with industry participants, leadership and technical expertise the business relies on, could diminish Presidio's ability to conduct operations and comply with certain covenants in Presidio's debt instruments and harm Presidio's ability to execute its business plan. Oil, NGL and natural gas prices are volatile. Even though a significant portion of Presidio's production is hedged, extended declines in such prices have adversely affected, and could in the future adversely affect, Presidio's business, financial position, results of operations and cash flow. Certain of Presidio's wells are currently shut - in, and in the future, Presidio may continue to shut - in some or all of its production wells depending on market conditions, storage or transportation constraints and contractual obligations. Any prolonged shut - in of its wells could result in the expiration, in whole or in part, of any related leases, which could adversely affect its reserves, business, financial condition and results of operations. New technologies may cause the current operating methods of Presidio to become obsolete, and we may not be able to keep pace with technological developments in the oil and gas industry. Conservation measures, technological advances and/or a negative shift in market perception towards the oil and gas industry could reduce the demand for oil, NGLs and natural gas. Presidio's estimated reserves are based on many assumptions that may prove to be inaccurate. Any material inaccuracies in these reserve estimates or underlying assumptions will materially affect the quantities and present value of Presidio's reserves. The present value of future net cash flows from Presidio's proved reserves is not necessarily the same as the current market value of Presidio's estimated proved reserves. Extreme weather conditions could adversely affect Presidio's ability to conduct operations in some of the areas where its properties are located. Presidio has historically relied on third - party "farm - ins" and similar arrangements for the development of its proved undeveloped reserves. The development of Presidio's proved undeveloped reserves may take longer and may require higher levels of capital expenditures than Presidio or such third - parties currently anticipate. Therefore, Presidio's undeveloped reserves may not be ultimately developed or produced. Presidio's acquisition and divestiture strategy will subject Presidio to certain risks associated with the inherent uncertainty in evaluating properties for which Presidio has limited information. Presidio may not be able to successfully integrate future acquisitions or realize all of the anticipated benefits from its future acquisitions, and Presidio's future results will suffer if it does not effectively manage its expanded operations. Presidio's derivatives activities could adversely affect its cash flow, results of operations and financial condition. The failure of Presidio's hedge counterparties to meet their obligations may adversely affect Presidio's financial results. Presidio is not insured against all of the operating risks to which its business is exposed. Financial projections by Presidio and information regarding prior performance may not prove to be reflective of actual future results. The assumptions underlying our projections include our ability to consummate and realize the anticipated benefits from acquisitions in the future, which may never materialize. Such acquisitions, if any, may not be consummated on the terms and conditions underlying our assumptions, and results may, and are likely to, differ materially from such assumptions Presidio conducts business in a highly competitive industry. Presidio depends on computer and telecommunications systems, and failures in those systems or cybersecurity threats, attacks and other disruptions could significantly disrupt its business operations. A variety of stringent federal, state and local laws and regulations govern the environmental aspects of the oil and gas business, and noncompliance with these laws and regulations could subject Presidio to material administrative, civil or criminal penalties, injunctive relief or other liabilities. Presidio is subject to compliance with environmental and occupational safety and health laws and regulations that may expose it to significant costs and liabilities. Presidio's ability to retain and/or obtain necessary licenses and permits to operate the business may negatively impact its financial results. Specific climate legislation and regulation regarding emissions of carbon dioxide, methane and other greenhouse gases have been, and in the future, may further develop or be enacted, which could adversely affect the oil and gas industry and demand for the oil, NGLs and gas produced from the properties. The unavailability or high cost of drilling rigs, frac crews, equipment, supplies, personnel and oilfield services could adversely affect Presidio's or third - party operators' ability to execute their development plans within current budgets or on a timely basis. Restrictions in Presidio's existing and future debt agreements could limit Presidio's growth and its ability to engage in certain activities. Currently, Presidio's producing properties are concentrated in the Anadarko Basin, making it vulnerable to risks associated with operating in a limited number of geographic areas. Presidio may incur losses as a result of title or environmental defects in the properties in which it invests. Increased costs of capital could adversely affect Presidio's business. Presidio's leverage and debt service obligations may adversely affect its financial condition, results of operations and business prospects. Presidio's ability to obtain financing on terms acceptable to it may be limited in the future by, among other things, increases in interest rates. Oil and gas exploration and production companies are frequently subject to litigation claims from landowners, royalty owners and other interested parties, particularly during periods of declining commodity prices. An increase in the differential between the benchmark prices of oil and natural gas and the wellhead price Presidio expects to receive for its future production could significantly reduce its cash flow and adversely affect its financial condition Oil and natural gas producers' operations are substantially dependent on the availability of water and the disposal of waste, including water and drilling fluids. Restrictions on the ability to obtain water or dispose of waste may impact Presidio's operations. Increased scrutiny of Environmental, Social and Governance matters by investors in public companies could have an adverse effect on Presidio's business, financial condition and results of operations and damage its reputation. Legislation or regulatory initiatives intended to address the disposal of saltwater gathered from Presidio's drilling activities could limit its ability to produce oil, NGLs and natural gas economically and have a material adverse effect on its business. The securitizations of Presidio's limited purpose, bankruptcy remote, wholly owned subsidiaries may expose Presidio to financing and other risks, and there can be no assurance that Presidio will be able to access the securitization market in the future, which may require it to seek more costly financing While Presidio has not historically engaged in significant drilling activities, drilling for, and producing oil, NGLs and natural gas are high - risk activities with many uncertainties that could adversely affect Presidio's financial condition or results of operations. Presidio's undeveloped leasehold acreage is subject to leases that will expire unless production is maintained or subsequent operations are commenced on units containing the acreage or the leases are extended. Federal, state and local legislation or regulatory initiatives, as well as government reviews of such activities, could restrict Presidio's operations, which could limit its ability to produce oil, NGLs and natural gas economically and have a material adverse effect on Presidio's business. Risks related to Presidio's business

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30 Our sponsor, certain members of the Company's board of directors and certain other Company officers have interests in the Business Combination that are different from or are in addition to other shareholders in recommending that shareholders vote in favor of approval of the Business Combination. Our sponsor, certain insiders, directors, officers, advisors and their affiliates may elect to purchase public shares from public shareholders, which may influence a vote on the Business Combination, reduce the public "float" of the Company's common shares and affect its market price, and have interests in the Business Combination different from the interests of the Company's public shareholders. We and Presidio will be subject to business uncertainties and contractual restrictions while the Business Combination is pending. The Company may not be able to continue as a going concern if it does not consummate an initial Business Combination by August 7, 2026. We have identified material weaknesses in our internal control over financial reporting. These material weaknesses could continue to adversely affect investor confidence in us and materially adversely affect our ability to report our results of operations and financial condition accurately and in a timely manner. The Company is, and Presidio would be after a Business Combination with the Company, an "emerging growth company" within the meaning of the Securities Act of 1933, and, if Presidio takes advantage of certain exemptions from disclosure requirements available to emerging growth companies, this could make the Presidio securities less attractive. If there are substantial redemptions by shareholders of the Company, the trust account of the Company may be depleted prior to the Business Combination and thereby diminish the amount of working capital of the combined company. There would also be a lower float of our common shares outstanding after the Business Combination, which may cause further volatility in the price of our securities after the Business Combination and adversely impact our ability to secure financing following the closing of the Business Combination. Shareholder litigation could prevent or delay the closing of the Business Combination or otherwise negatively impact our business, operating results and financial condition. The exercise of the Company's directors' and officers' discretion in agreeing to changes or waivers in the terms of the Business Combination may result in a conflict of interest when determining whether such changes to the terms of the Business Combination or waivers of conditions are appropriate and in the Company's shareholders' best interest. Our ability to successfully effect the Business Combination and to be successful thereafter will be dependent upon the efforts of certain key personnel, including the key personnel of Presidio whom we expect to stay with the post - combination business following the Business Combination. The loss of key personnel could negatively impact the operations and profitability of our post - combination business, and the combined company's financial condition could suffer as a result. Upon closing of the Business Combination, we expect to have a significant amount of cash and our management will have broad discretion over the use of that cash, subject to limitations imposed on us under the agreements governing our debt. We may use our cash in ways that shareholders may not approve. Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operation. Going public through a merger rather than an underwritten offering presents risks to unaffiliated investors. Subsequent to completion of the Business Combination, the Company may be required to take write - downs or write - offs, restructure its operations or take impairment or other charges, any of which could have a significant negative effect on the Company's financial condition, results of operations and the Company's share price, which could cause you to lose some or all of your investment. The Company and Presidio may not be able to obtain the required shareholder approvals to consummate the Business Combination. The Company's initial shareholders, officers and directors may agree to vote in favor of the Business Combination, regardless how its public shareholders vote. If, after the Company distributes the proceeds in the Company trust account to the Company's public shareholders, the Company files a bankruptcy petition or an involuntary bankruptcy petition is filed against the Company that is not dismissed, a bankruptcy court may seek to recover such proceeds. Each of Presidio and the Company has incurred and will incur substantial costs in connection with the Business Combination, any private placement in connection therewith and related transactions, such as legal, accounting, consulting and financial advisory fees, which will be paid out of the proceeds of the Business Combination and the private placement, if any. Risks related to ownership of company securities and the Business Combination