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Project Ozona Economic & Technical Review[8167]

Fénix Proposed

Fénix Proposed Acquisition: General Overview PHDWin Database: PDP-only & 1P inclusive of 30 PUD drilling program (1) PDP-only Economic Projections 1P Economic Projections 1. All economic assumptions are the same as described on page 10 of this presentation except the database uses a commodity price tied to NYMEX strip as of 9/15/2017 as opposed to a $45 flat price 10

Project Ozona: Single Well Economics 11

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CAPABILITY AND TECHNICAL EXPERTISE
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