Some of the information in this Quarterly Report on Form 10-Q (this “Quarterly Report”) may contain “forward-looking statements.” All statements, other than statements of historical fact included in this Quarterly Report regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, our ability to make share repurchases, prospects, plans and objectives of management are forward-looking statements. When used in this Quarterly Report, words such as “may,” “assume,” “forecast,” “could,” “should,” “will,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “budget” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events at the time such statement was made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements indicated in our proxy statement/prospectus contained in our Registration Statement on Form S-4 (File No. 333-290090), originally filed by the Company with the Securities and Exchange Commission (“SEC”) on September 8, 2025, as subsequently amended on January 28, 2026 and declared effective by the SEC on January 30, 2026 (the “Proxy Statement/Prospectus”), and in this Quarterly Report. There are a number of important factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements, which include, but are not limited to:
| ● | oil, natural gas and natural gas liquids (“NGL”) prices; |
| ● | the timing and amount of our future production of oil, natural gas and NGLs, including the declining rates of our oil and gas properties; |
| ● | the accuracy of our estimated proved reserves; |
| ● | our ability to achieve or maintain certain financial and operational metrics; |
| ● | our drilling prospects, inventories, projects and programs; |
| ● | the impact of actions taken by the OPEC and other allied countries (collectively known as “OPEC+”) as it pertains to the global supply and demand of, and prices for, oil, natural gas and NGLs; |
| ● | the impact of armed conflict, political instability or civil unrest in oil and gas producing regions, including instability in the Middle East and the conflict between Russia and Ukraine, and the related potential effects on laws and regulations, or the imposition of economic or trade sanctions; |
| ● | our ability to replace the reserves we produce through drilling and property acquisitions; |
| ● | our ability to execute our financial strategy, including successfully managing our leverage, liquidity and capital required for our development program; |
| ● | the progression and outcome of our pending legal matters; |
| ● | our ability to comply with environmental, health and safety laws, regulations and obligations; |
| ● | our ability to achieve superior price differentials; |
| ● | our ability to successfully deploy our hedging strategy; |
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| ● | our ability and the ability of our competition to comply with existing and new government regulations; |
| ● | our marketing of oil, natural gas and NGLs; |
| ● | our ability to successfully identify, acquire and integrate leaseholds or businesses to replace our reserves; |
| ● | our costs of developing our properties; |
| ● | general global political and economic conditions, including changes in interest rates and associated Federal Reserve policies and the impact of inflation on our business; |
| ● | changes in tariffs, trade policy, trade barriers, price and exchange controls and other regulatory requirements; |
| ● | uncertainty regarding our future operating results, including our ability to pay future dividends; |
| ● | our plans, objectives, expectations and intentions contained in this Quarterly Report; and |
| ● | the other risks described herein and in our other filings with the Securities and Exchange Commission. |
Additional factors include those described in our Proxy Statement/Prospectus, including under the captions Risk Factors, Management’s Discussion and Analysis of Financial Condition and Results of Operations of Presidio Investment Holdings LLC, Unaudited Pro Forma Condensed Combined Financial Information and Information About PIH, in our subsequent quarterly reports on Form 10-Q, including under the captions Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations, and in our subsequent filings with the SEC. We caution you that these forward-looking statements are subject to all of the risks and uncertainties incident to the development, production, gathering and sale of oil, natural gas and NGLs, most of which are difficult to predict and many of which are beyond our control. Reserve engineering is a process of estimating underground accumulations of hydrocarbons that cannot be measured in an exact way. The accuracy of any reserve estimates depends on the quality of available data, the interpretation of such data and price and cost assumptions made by reserve engineers. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. If significant, such revisions would change the schedule of any future production and development program. Accordingly, reserve estimates may differ significantly from the quantities of oil and natural gas that are ultimately recovered.
All forward-looking statements, expressed or implied, included in this Quarterly Report are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.
There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligation to update or revise any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make.
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