Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers KERN FRONT Hathaway drilled one Chanac horizontal well in 2013 as an infill between abandoned producers. The well has the potential for a significant amount of production; however, the property needs added water recycling capacity and is currently shut-in. Water produced from this lease is fresh and permitted for use in agricultural operations. Proposed development program includes seven additional horizontal wells. First commercial production in 1912, the field produces from the Etchegoin & Chanac Formations. Hathaway acquired a 200 acre lease in 2009 in the northwest corner of the field. Began development in 2009 with two vertical Chanac producers (1st development since mid-1970s). ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.

Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers OPERATIONS FIELDS ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.

Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers FRUITVALE First commercial production in 1928, the field produces from stacked pay in the Etchegoin & Chanac Formations. Hathaway acquired its original interest from Crimson Resources and California Resources Corporation in 2014, in an underdeveloped portion of the field. Obtained one of the first UIC Aquifer Exemption permits ever awarded in the State of California. This unprecedented accomplishment was a two-year long process and covers the entire Santa Margarita Formation in the Fruitvale Field. Hathaway drilled two wells at the KCL lease in 2014 – 1st drilling program on lease since 1953; conducted workover program at KCL in 2014 RTP three wells, converted one well to water disposal. Production increased from zero to approximately 50 bopd. Hathaway obtained the exclusive right to lease an additional 640 acres in the field in 2015. Proposed development program includes approximately 130 vertical/directional wells and 4-10 horizontal wells (contingent on vertical drilling results). ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.

Careers HATHAWAY LLC Home Leadership Asset Management Consulting Strategy Operations Affiliations Contact Careers EXECUTING OUR STRATEGY Hathaway LLC strives to methodically acquire and develop oil and gas assets in California, with the objective of growing production and reserves, and creating value. The Company will execute this strategy through: A strong management team Uninterrupted focus on operational efficiency Organic growth through the continuous development of existing properties Selective acquisitions Underdeveloped and undermanaged properties Low-risk, long-lived reserves Upside potential Taking advantage of low price environments Development of strategic investing and operating relationships Prudent financial management ©2021 Hathaway, LLC. All Rights Reserved. Designed & Maintained by The Marcom Group.