Home About Us Operations Responsibility Investors Contact Us Investor Centre Investment Opportunity Pure-play North Dakota Bakken producer focused on top-tier acreage quality, with high torque to WTI prices Stacked oil pay provides key advantages Land base provides significant horizontal drilling opportunities Stacked pay acts as an acreage multiplier vs. single formation plays Basin operators currently testing well density in multiple benches Opportunities to lower well and infrastructure costs via pad drilling and higher density operations Recent completion activity in Antelope & South Berthold consistent with internal estimates and resulting in significant production growth Substantial development opportunities through existing inventory and targeted A&D Operating netbacks supported by robust hedging program and low per unit costs Strong technical management team with significant operational, financial and A&D experience Capital structure repositioning in April 2021 set to improve and simplify the balance sheet and enhance business prospects Investor Contact 5 Quarters Investor Relations, Inc. Cindy Gray Phone: +1.403.231.4372 Email: info@5qir.com Web: www.5qir.com INVESTORS Investors Centre Reports and Filings Presentations and Events Analyst Coverage ESTMA STOCK PRICE Delayed 15 minutes ESG SUMMARY - MARCH 2020 INTERIM REPORTS INVESTOR PRESENTATION CONTACT US DENVER OFFICE 303 E. 17th Avenue, Suite 940 Denver, CO 80203 USA Tel: 1.303.297.1407 CALGARY OFFICE Suite 3230, 421 – 7th Avenue SW Calgary Alberta Canada T2P 4K9 Tel: 1.403.266.1717 CONTACT US Send us an email Emergency Number: 1.701.456.5665 © Copyright - PetroShale - Home About Us Operations Responsibility Investors Contact Us Advisories

Home About Us Operations Responsibility Investors Contact Us Company Overview PetroShale is an oil company engaged in the acquisition, development and production of oil and natural gas assets in the North Dakota Bakken / Three Forks. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Strategy Our strategy is to acquire and develop tier one leases in the core of the prolific Williston Basin, where the Bakken / Three Forks resource is the most intense with stacked pay zones. ABOUT US About PSH Management Directors Corporate Governance DENVER OFFICE 303 E. 17th Avenue, Suite 940 Denver, CO 80203 USA Tel: 1.303.297.1407 CALGARY OFFICE Suite 3230, 421 – 7th Avenue SW Calgary Alberta Canada T2P 4K9 Tel: 1.403.266.1717 CONTACT US Send us an email Emergency Number: 1.701.456.5665 © Copyright - PetroShale - Home About Us Operations Responsibility Investors Contact Us Advisories