PHX Minerals (PHX) - 2023 Q3 - Earnings Call Presentation

– New company name from the former Panhandle Oil & Gas to better align with strategy • Former Company reserve footprint was scattered and consisted of both mature legacy nonoperated working interest and royalty interest – Historically, no catalyst to provide predictable / sustainable volume or reserve growth • Since 2020, have high graded assets by divesting virtually all of the material non-operated working interest assets and redeploying proceeds and free cash flow into mineral acquisition strategy – Pred ...