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  "docSlug": "2bea55dd83ec2a2d459f73bf71578606",
  "documentTitle": "Granite Ridge | Investor Presentation Deck | 28 slides",
  "authorId": "granite-ridge",
  "authorName": "Granite Ridge Resources",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
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  "pageNumber": 3,
  "pageCount": 28,
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  "slideHref": "/slides/019de517-46b8-709a-b3ee-8ce956474fea/3",
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      "kind": "list",
      "text": "Paid dividend of $15MM\nInitiated $50MM stock buyback in 4Q2022 and repurchased 868,726 shares ($6.3MM) in 3Q '23\n$83MM of 3Q '23 Adjusted EBITDAX ¹\n20% production growth 3Q '23 over 3Q '22\n3Q '23 - 77 gross (8.58 net) wells turned to sales\nTTM - 322 gross (26.23) net wells turned to sales\nClosed $8MM of Proved Property Acquisition and $12MM of Inventory Acquisition ² and deployed $95MM of total capital",
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      "kind": "source-note",
      "text": "1. Non-GAAP financial measure, which is defined and reconciled in the Appendix.\n2. Includes costs to acquire additional development opportunities and undeveloped acreage acquisitions.\n3. Proforma for fall bank redetermination.",
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      "kind": "table",
      "text": "Production\nAvg Daily Production (Boe/d)\n% Oil\nGross / Net Wells Turned to Sales\nCash Flow & Income ($MM)\nTotal Revenue (Excl. Hedges)\nAdjusted EBITDAX ¹\nD&C Capex\nInventory Acquisition ²\nUnit Costs ($/Boe)\nLease Operating Expense\nProduction & Ad Val Taxes\nBalance Sheet and Liquidity ($MM) as of 9/30/23\nCash & Cash Equivalents\nTotal Debt\nNet Debt ¹\nLiquidity ³\n3Q2023\nTTM\n26,433\n23,304\n46%\n48%\n77/8.58\n322 / 26.23\n$108.4\n$403.6\n$83.2\n$306.8\n$75.7\n$314.7\n$11.9\n$37.3\n$6.96\n$7.00\n$3.20\n$3.49\n$6\n$85\n$79\n$161",
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      "kind": "title",
      "text": "3Q '23 Highlights",
      "attrs": {},
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      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "The deck presents the company's 3Q '23 highlights and strong liquidity position.",
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      "parentBeatName": "Complication",
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      "name": "Why Now",
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      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "afebe46c-b0f0-4a4b-b178-f4688f3134d2",
      "evidence": "The deck presents a compelling case for investing in the company, highlighting its growth opportunities and strong liquidity position.",
      "position": 0,
      "objective": "Why now is the right time to invest in Granite Ridge Resources",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.7,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
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