{ "docId": "019de518-b8be-76c6-84ce-4916cebb9344", "docSlug": "4e1b322546a1b9f6de9d55ebc01cbb68", "documentTitle": "Granite Ridge | Investor Presentation Deck | 28 slides", "authorId": "granite-ridge", "authorName": "Granite Ridge", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 28, "pageCount": 28, "prevPage": 27, "nextPage": null, "slideType": "disclaimer", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-b8be-76c6-84ce-4916cebb9344/28", "deckHref": "/decks/019de518-b8be-76c6-84ce-4916cebb9344", "deckJsonHref": "/decks/019de518-b8be-76c6-84ce-4916cebb9344.json", "deckAnchorHref": "/decks/019de518-b8be-76c6-84ce-4916cebb9344#slide-28", "components": [ { "bbox": { "h": 0.039, "w": 0.039, "x": 0.93, "y": 0.09 }, "kind": "image", "text": null, "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "db473b89-b259-44dc-b70f-0b8e690240e7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.27, "w": 0.45, "x": 0.51, "y": 0.196 }, "kind": "paragraph", "text": "Estimated Ultimate Recoveries, or \"EURs,\" refer to estimates of the sum of total gross remaining proved reserves per well as of a given date and cumulative production prior to such given date for developed wells. These quantities do not necessarily constitute or represent reserves as defined by the Securities and Exchange Commission (\"SEC\") and are not intended to be representative of all anticipated future well results. This presentation contains volumes and PV-10 values of our proved reserves and unproved reserves. The SEC strictly prohibits companies from aggregating proved, probable and possible reserves in filings with the SEC due to the different levels of certainty associated with each reserve category. The SEC also prohibits companies from including resources that are not proved, probable or possible reserves in filings with the SEC. Investors should be cautioned that estimates of volumes and PV-10 values of resources other than proved reserves are inherently more uncertain than comparable measures for proved reserves. Further, because estimated proved reserves and unproved resources have not been adjusted for risk due to this uncertainty of recovery, their summation may be of limited use.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "026726d0-9e8b-4a60-a35f-8c628ce0ad28", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.238, "w": 0.45, "x": 0.51, "y": 0.543 }, "kind": "paragraph", "text": "This investor presentation may contain projections for Granite Ridge, including with respect to its Adjusted EBITDAX, Net Debt to Adjusted EBITDAX ratio, capital expenditures, cash flow, and net revenues as well as its production volumes. Granite Ridge's independent auditors have not audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this investor presentation, and accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this investor presentation. Any projections are for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. In this investor presentation, certain of the above-mentioned projected information has been repeated (in each case, with an indication that the information is subject to the qualifications presented herein).", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5bec948e-7475-42de-bbf2-d1222d91f439", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.19, "w": 0.45, "x": 0.038, "y": 0.619 }, "kind": "paragraph", "text": "Reserve engineering is a process of estimating underground accumulations of natural gas and oil that cannot be measured in an exact manner. The accuracy of any reserve estimate depends on the quality of available data, the interpretation of such data, and the price and cost assumptions made by reservoir engineers. In addition, the results of drilling, testing and production activities, or changes in commodity prices, may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any further production and development drilling. Accordingly, reserve estimates may differ significantly from the quantities of natural gas and oil that are ultimately recovered.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9950a2c2-dcae-4471-9d7e-737117b11f6e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.337, "w": 0.45, "x": 0.038, "y": 0.243 }, "kind": "paragraph", "text": "The information, data and statistics contained herein are derived from various internal and external third-party sources. While Granite Ridge believes such third-party information is reliable, there can be no assurance as to the accuracy or completeness of the indicated information. Granite Ridge has not independently verified the accuracy or completeness of the information provided by third party sources. No representation is made by Granite Ridge's management as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein. Any information, data or statistics on past performance or modeling contained herein is not an indication as to the future performance. Granite Ridge assumes no obligation to update the information in this presentation. Some data is also based on our good faith estimates, which are derived from our review of internal sources as well as the third-party sources described above. The industry in which we operate is subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results to differ materially from those expressed in these third-party publications. Additionally, descriptions herein of market conditions and opportunities are presented for informational purposes only; there can be no assurance that such conditions will occur. Please also see \"Forward-Looking Statements\" disclaimer above.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ca8b387b-d6d7-419f-8dc5-421e686d30c8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.016, "x": 0.953, "y": 0.913 }, "kind": "source-note", "text": "28", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7662935e-1667-49ce-bfd8-87bfb798baa5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.028, "w": 0.186, "x": 0.038, "y": 0.09 }, "kind": "title", "text": "Disclaimer", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b2e236e0-4864-4652-8282-e63075210139", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }