Amplify Energy (AMPY) Investor presentation summary

Strategic initiatives and portfolio optimization

• Divested East Texas, Oklahoma, and Eagle Ford assets for $250 million, streamlining operations and reducing overhead.

• Used divestiture proceeds to eliminate all outstanding debt and improve liquidity.

• Focused capital on high-return projects, especially Beta field development and CCUS potential at Bairoil.

• Approved a $15 million share buyback program to capitalize on discounted valuation.

Asset overview and operational highlights

• Operates Beta (offshore California) and Bairoil (Wyoming) fields, both 100% oil-weighted with long reserve lives.

• Beta: 17,000 net acres, 28 MMBoe proved reserves, 19-year R/P, low decline, and significant development inventory.

• Bairoil: 7,000 net acres, 14 MMBoe proved reserves, 15-year R/P, low decline, and CCUS upside.

• Beta field has undergone facility upgrades, regulatory support, and royalty relief, boosting margins and production.

• Bairoil benefits from a new CO2 contract, increasing delivered volumes and reducing costs by ~$10 million annually.

Development results and upside potential

• Beta field: 26 D-Sand horizontal well locations identified, with 19 in Joulters and 7 in Main fault blocks.

• Joulters D-Sand wells show IRRs of 154% and payback under 1 year at $75 WTI; Main block wells show 100% IRR.

• Royalty relief at Beta reduces royalty burden by 50% on up to 5,000 Bopd, adding $3 million in cash flow since May 2026.

• Bairoil's expanded CO2 flood could add >1.8 MMBbls of oil in Wertz Sector 1, with further CCUS potential.