RE:JOY
8,100 boe/d(1) (45% liquids); 100% unhedged
Strategic relationship with AIMCo; Sole lender and largest shareholder
14% corporate decline go forward; waterfloods and other low decline assets supports sustainability
$125 million enterprise value; ~$15,500 boe/d
47.5 million basic shares @ $1.15/share; $55 million market cap
Forecast Adjusted Funds Flow(2) of $35 to $37 million in 2021; $0.78 to $0.81 funds flow per share
$63 to $65 million estimated 2021 exit net debt (2); 1.8 X exit debt to trailing cash flow
Over $664 million in tax pools; $368 million in non capital losses
Multi year drilling inventory; with attractive economics in current pricing environment