Vitesse Energy — Merger or Acquisition (December 2024)

5 slides from Vitesse Energy's merger presentation, Dec 16, 2024

Slide 1: Lucero Energy Corp. Transaction Announcement
December 2024 Lucero Energy Corp. Transaction Announcement
Slide 2: No Offer or Solicitation
2 No Offer or Solicitation This presentation does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the proposed transaction between Vitesse and Lucero, nor shall there be any offer or soli
Slide 3: Forward-Looking Statements
3 Certain statements in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements concerning the proposed transaction, including any statements regarding the expected timetabl
Slide 4: Lucero Transaction Works on the Back of an Envelope
4 Lucero Transaction Works on the Back of an Envelope  Accretive to key metrics Immediately accretive to earnings, operating cash flow, free cash flow and net asset value Hedging oil production in-line with underwriting prices through 2026 to protect economics  Increases dividend Subject to board
Slide 5: Transaction Overview
5 Transaction Overview Transaction Structure (1) As of 12/13/2024, using Lucero net cash balance as of 9/30/24.  $222mm equity value, inclusive of $56mm of Lucero’s net cash(1)  Each Lucero common share will be exchanged for 0.01239 of a share of Vitesse common stock, representing 100% stock consi