Amplify Energy (AMPY) Conference Summary Company Overview - Amplify Energy is a Houston-based company operating in mature legacy fields across multiple regions including Oklahoma, The Rockies, offshore Southern California, East Texas, and North Louisiana [1] - The company is characterized as a diverse, low decline, long-life exploration and production (E&P) company with four different operating regions [2] Key Assets and Operations - The primary focus is on the Beta asset located in offshore federal waters of California, alongside a mature bare oil asset in Wyoming and East Texas/North Louisiana assets [3] - The company has been involved in joint ventures (JVs) in Haynesville acreage and has owned the Mississippi Lime position in Oklahoma since 2019 [4] - Recent divestitures include the sale of a non-operating Eagle Ford position for $23 million in net proceeds, with plans to market East Texas and Oklahoma positions [5] Financial Performance and Strategy - The enterprise value is just under $300 million, with a market cap between $150 million and $160 million [5] - The company aims to simplify its structure and focus on the Beta and bare oil positions, with ongoing cost-cutting initiatives [6] - Free cash flow generation is expected even after divestitures, with significant investments in the Beta position to accelerate production [8] Production and Drilling Insights - The last Beta well brought online is producing 850 barrels per day, with a target drilling cost of approximately $6 million per well [6][7] - The company has a 25% interest in four non-operating wells in East Texas, producing a total of 13 million cubic feet per day [7] - The Beta asset has shown a 30% increase in production from three recently drilled wells, with a type curve indicating an initial production (IP) of about 400 barrels per day [11][12] Recovery Potential and Future Outlook - The Beta field has an estimated original oil in place ranging from 600 million to 1 billion barrels, with expected recovery factors between 30% to 40% based on analog fields [20] - The company anticipates recovering between 180 million to 400 million barrels, with 128 million barrels projected from the current 25 proved undeveloped (PUD) locations [21] - The breakeven cost for new wells is approximately $33 per barrel, making it competitive within the lower 48 states [14] Valuation and Market Position - Current share price is just under $4 per share at $60 oil, with projections of $6 per share at $65 oil and over $9 at higher prices [9] - The company has reduced debt by $6 million from the end of 2022, improving leverage significantly [8] - The company believes there is a 147% premium to the current share price based on its equity value and ongoing developments in the Beta field [23] Conclusion - Amplify Energy is positioned for growth through strategic asset management and operational efficiencies, particularly in the Beta field, which is expected to drive future production and cash flow [23]

Vancouver, British Columbia--(Newsfile Corp. - August 11, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") is providing an update on its Victoria, Australia asset divestitures. All dollar figures in this release are Canadian dollars unless otherwise specified (AUD = Australian dollars). The Company previously announced the sale of its non-core assets, the Golden Mountain and the Lauriston Projects, to Adelong Gold Limited (ASX: ADG) ("A ...

Core Viewpoint - Occidental has signed four agreements to divest select Permian Basin assets, generating approximately $950 million for debt reduction, contributing to a total of about $4 billion in divestitures since December 2023 [1][5] Group 1: Financial Performance - The company has repaid approximately $7.5 billion in debt since July 2024, including proceeds from non-core Delaware Basin transactions [1][5] - An additional $580 million is expected to be applied to debt reduction upon closing of the Midland Basin gas gathering divestiture [1][5] Group 2: Strategic Initiatives - President and CEO Vicki Hollub expressed satisfaction with the strategic strengthening of the portfolio, emphasizing the creation of long-term value for shareholders [2] - Occidental aims to high-grade its portfolio and believes it possesses the best assets in its history [2] Group 3: Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, being one of the largest oil and gas producers in the U.S. [2] - The company operates in various segments, including midstream and marketing, and is advancing technologies through its Oxy Low Carbon Ventures subsidiary [2]

Core Viewpoint - Great Pacific Gold Corp. is actively divesting its Australian assets, focusing on cash inflows and future exploration in Papua New Guinea [1][6]. Financial Updates - On April 16, 2025, the company received $1 million in cash from the sale of its Reedy Creek and Providence Gold Projects to Golden Cross Resources Inc. [3] - The company sold 2,000,000 common shares of Golden Cross for proceeds of $450,000 [3]. - GPAC retains 4,000,000 common shares of Golden Cross, valued at $1.48 million, and may receive an additional $3 million contingent on certain milestones [4]. Asset Divestiture - The Lauriston Project sale process is well advanced, with a definitive agreement expected soon, pending regulatory approvals [5]. - The company has sold various Australian assets over the past six months, resulting in cash inflows [6]. Remaining Projects - The Walhalla Gold Project, located in Victoria, Australia, has a history of gold production totaling 1,510,309 ounces at a grade of 33.59 g/t [7]. - The Walhalla project covers over 1,400 km² and includes the Pinnacles target, which is fully permitted and ready for immediate drilling [7][8]. Exploration Focus - The company is shifting its exploration efforts towards Papua New Guinea, with plans to maximize shareholder benefits from the remaining Australian assets [6][8].