Highpeak Energy, Inc. · NASDAQ:HPK

Highpeak Energy — Merger or Acquisition (April 2022)

9 slides from Highpeak Energy's merger presentation, Apr 27, 2022

  1. Slide 1: Hannathon Acquisition, April 2022

    rr dake oY Hannathon Acquisition April 2022

  2. Slide 2: Acquisition Overview: Consideration, Funding and Timing

    ACQUISITION OVERVIEW Consideration, Funding and Timing @dnHicHPeak HighPeak Acreage Position and Selected Offset Operators 1 HighPeak Energy has announced an accretive acquisition of Hannathon Petroleum, LLC's ("Hannathon") assets in Howard County, Texas ~ Acquired for~3x multiple on 2022E EBITDAX =

  3. Slide 3: Hannathon Highlights

    HANNATHON HIGHLIGHTS @bnicHreak Hannathon Overview Hannathon Has Substantial Infrastructure-tn-Place ' Scaled, contiguous position of ~18,600net acres in Howard County, TX ea Contiguous position allows for capital efficient, long lateral development 90% of inventory has 10,000'+ LL HPK plans to main

  4. Slide 4: Pro Forma Impact to HighPeak

    PRO FORMA IMPACT TO HIGHPEAK. Ba HIGHPEAK Hannathon Petroleum Net acres ~72.5K0) ~18.6k -91.1k BS Average Production (Boe/d) 97,000 ~ 32,500 ~5,000 32,000 - 37,500 ] Exit Rate Production (Boe/d) 40,000 ~ 45,000 000 - 8,000 47,000 - 53,000 g Capital Expenditures ($mm) ‘$750 $800 $75-$100 $825 - $900

  5. Slide 5: Hannathon Petroleum Acquisition Checks All the Boxes

    HANNATHON PETROLEUM ACQUISITION CHECKS ALL THE BOXES @vbnicHpeak Criteria Combined ‘Commentary * creates unparalleled Howard Count prepay independent (“92% gud with ‘gniicant sale and development unwny ~ 390,000 combined acres and>2,000 combined locations ~ Pro forma 20226 average net dit production

  6. Slide 6: Capital Structure and Liquidity Update

    CAPITAL STRUCTURE AND LIQUIDITY UPDATE Capital Structure rAN HIGHPEAK Liquidity [As of Closing of the As of Closing of the 2024 Notes on 2/16/22 2024 Notes on 2/16/22 Pro Forma for ro Forma for nso munerered roForma) “vannathon Pro Formal“ hsnnathon ‘Common Stock (mm) 108.3 Revolver Borrowing Base $

  7. Slide 7: Disclaimer

    DISCLAIMER @vnicHreeak ‘otiemntanar erate ceemewy ne areca bers regrets tntcnntenanes tnaenonensratpnanionee

  8. Slide 8: Disclaimer Continued

    DISCLAIMER CONTINUED vaAN HIGHPEAK

  9. Slide 9: Contact Information

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