THIS IS WHO WE ARE Corporate Profile Our Vision: To be the Rocky Mountain region’s most efficient producer of sustainable, affordable natural gas providing clean energy for the world and jobs for rural America. Our Mission: To deliver the highest return to our investors of any owner and operator of natural gas assets. We will achieve this vision by: Operating safely and sustainably; Engaging, developing, and rewarding our employees; Proactively managing business risks; Applying rigorous analysis to our business decisions; and Diligently optimizing our profitability. Our Values Safety Safety and environmental stewardship are ingrained in everything we do We take responsibility for our own and each other’s work health and safety We stretch ourselves to achieve more Ownership We plan for success and deliver on our commitments We take responsibility for our actions We expect and reward excellence We own our individual and collective success Integrity We demonstrate the highest ethical standards We communicate openly, honestly and respectfully We initiate crucial conversations We build trust in our relationships Community We treat everyone with respect We invest in our communities We care about the well being of our employees and their families We help our communities thrive Boldness We proactively identify and address risks We confront realities We look for creative solutions Entrepreneurial Spirit We question consensus We embrace possibilities We learn from our mistakes We innovate Leadership We lead in our industry, our communities, and in our respective disciplines We support each others’ professional growth We value teamwork above individual achievement HISTORY: 2009 Caerus formed Caerus acquires Teton Energy Corporation’s shallow oil assets in Central Kansas Uplift 2010 Caerus acquires Conoco Phillips' Wyoming position in Powder and Green River Basins Caerus acquires Rosetta Resources' natural gas assets in Pinedale, Wyoming and San Juan Basin, New Mexico 2012 Caerus acquires EOG Resources’ Texas County, Oklahoma assets 2013 Caerus divests of its Central Kansas Uplift assets Caerus acquired PDC Energy’s natural gas assets in the Piceance Basin and Northeast Colorado 2013-2016 Caerus grows its Piceance Basin position through the acquisition of assets from Noble Energy and Marathon Energy Caerus divests of its Northeast Colorado shallow gas assets 2017 Caerus significantly increases its Piceance Basin position through the acquisition of Encana Oil & Gas (USA) Inc.’s Piceance Basin assets and extensive gathering infrastructure. 2020 Caerus acquires Occidental Petroleum’s Uinta Basin natural gas assets in Uintah County, Utah Our Fundamental Operating Commitments Maintain a sound capital structure to provide significant financial flexibility Actively manage our revenue streams to achieve maximum price realizations Control capital, operating and administrative costs Caerus’ operating philosophy addresses the risks of oil and gas operations while providing our shareholders with significant upside potential. We are focused on creating a sustainable, stable and scalable operating platform in a volatile industry. Learn More Providing clean energy for the world and jobs for rural America. Our Strategies Our track record includes successful sourcing and execution of some of the most complex transactions in the upstream space over the last 15 years. We believe creativity in acquisitions is as important as creativity in operations. Navigating complex financial structures that burden high-quality assets results in rewards that might otherwise be unobtainable. Investing in upstream natural gas assets using conventional, and at times contrarian, investment strategies Acquiring conventional oil and gas production and reserves through asset or corporate acquisitions or mergers. A combination of acquisition, exploration and development activities Comprehensive development program with rigorous review and categorization of potential drilling inventory Value creation through building reserves, increasing production, expanding acreage, and growing development Comprehensive field optimization, designed to increase production, lower per-unit operating expenses, and improve field economics Development, exploitation and limited exploration activities intended to increase production and proved reserves. Company Name Caerus Caerus was named for the Greek God of Opportunity. Caerus is the fleeting rightness of time and place that creates an opportunity for action – the moment when everything falls perfectly into place. Caerus signifies our ability to proactively recognize and seize opportunities in the upstream oil and gas sector. Corporate Structure UPSTREAM ASSETS Active operator of upstream assets consisting of 650,000 net mineral acres composed primarily of private, federal, tribal, and state leasehold CAERUS PICEANCE LLC Piceance Basin CAERUS UINTA LLC Uinta Basin CAERUS CROSS TIMBERS LLC Piceance Basin MIDSTREAM ASSETS Caerus owns significant gas gathering and water infrastructure assets providing critical gathering, compression, treating, water delivery, and water disposal services to Caerus and 3rd party producers CAERUS ENERGY SERVICES LLC Piceance Basin CAERUS NATURAL BUTTES MIDSTREAM LLC Uinta Basin MINERALS Caerus owns approximately 36,000 net acres of minerals in both the Piceance and Uinta Basins in and around Caerus’ core development area and that of active third party operators. GRAND VALLEY MINERAL COMPANY LLC 0 1 2 3 4 DENVER CORPORATE OFFICE 1001 17th Street, Suite 1600, Denver, CO 80202 Tel: 303.565.4600 | Fax: 303.565.4606 About Management Operations Sustainability Owner Relations Vendors Strategy Careers Contact Emergency: 970.285.2615 COPYRIGHT © 2021 CAERUS OIL AND GAS LLC. ALL RIGHTS RESERVED. PRIVACY POLICY DESIGNED BY ENERCOM