Slide 1: EnerCom Denver
EnerCom Denver John Christmann CEO AUGUST 2025
Slide 2: Notice to Investors
Notice to Investors Certain statements in this presentation contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including, without limitation, expectations, beliefs, plans, and objectives regardin
Slide 3: About APA
About APA 465 Mboe/d* Reported Production ALASKA ~$2.3 Billion* UNITED Established in 1954, KINGDOM we contribute to global progress by 2025 Upstream Capital Investment PERMIAN helping meet the EGYPT world’s energy needs $65 Million* SURINAME 2025 Exploration Capital URUGUAY Oil exploration plays >$
Slide 4: The Case for Exploration
The Case for Exploration The Industry Must Improve Recovery and Add New Fields Existing and discovered fields Differentiated opportunity to add 01 are not on track to meet 02 advantaged, low-cost barrels demand on full-cycle basis • Continuous revisions to • Exploration business today is long-term d
Slide 5: APA's Exploration Portfolio
APA’s Exploration Portfolio ⎻ 220,000 b/d oil project underway, first oil expected mid-2028 Suriname ⎻ Carry agreement reduces capital exposure ⎻ Near-field exploration targets; potential to extend plateau or anchor second development ⎻ Two discoveries at King Street-1 and Sockeye-2 U.S. (Alaska) ⎻
Slide 6: Suriname Block 58: A Success Story
Suriname Block 58: A Success Story 2015 2019 2020 2024 2028 Jun: Entered Sep: Spud Jan: Announced Oct: Announced First Oil Expected Suriname Block Maka Central-1, Significant GranMorgu Final Mid-2028 58 for $5MM first well drilled in Discovery at Investment Seismic the Block Maka Central-1 Decision
Slide 7: Alaska: On the Ice Road to Success
Alaska: On the Ice Road to Success 2023 2023 2024 2025 2026 Sep: Entered Dec: Spud May: Announced Mar: Announced Expecting to resume Lagniappe JV King Street-1, Discovery at Discovery at drilling 4Q 2026 at 50% WI Sockeye-1, and King Street-1, Sockeye-2 Voodoo-1 confirming a exploration working Apr:
Slide 8: Q&A
Q&A APA CORPORATION | 8