HighPeak Energy(HPK) - 2023 Q3 - Earnings Call Presentation

Disclaimer (Cont'd) Q3 2023 Key Highlights Note: Acreage map per Enverus and company data. (1) Net acreage, % oil & liquids, and wells in progress as of 9/30/23. (2) EBITDAX is a non-GAAP financial measure. See disclaimer for definition. (3) Free Cash Flow is a non-GAAP financial measure and defined as discretionary cash flow less capex excluding acquisitions. (1) LQA EBITDAX in $MM. HPK PRODUCING HPK OPERATED 2H'23 PRODUCING •Reserve engineering is a process of estimating the recovery of underground accumu ...