Highlights

• Presidio expectsto initiate a $1.35/share annual common dividend (13.5% expected dividend yield at $10.00/share) after closing
• Expected net production of 26 Mboe/d in 2025, with an 8% base decline rate, across a diverse set of more than 2,000 operated oil and gas wells in Texas, Oklahoma, and Kansas
• Experienced management team will continue to lead Presidio, alongside a majority independent board
• 78% of estimated production hedged through 2027, expected to provide stable cash flow for dividends and systematic debt reduction
• Projected 16% unlevered free cash flow yield in 2026, with no development risk

Presidio Investment Holdings, (PIH), a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: EQV) ("EQV"), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, announced today that they have entered into a definitive business combination agreement (the “proposed business combination”). The proposed business combination will result in Presidio becoming a publicly listed company with an expected listing on the New York Stock Exchange under the ticker “FTW,” reflecting Presidio's roots in Fort Worth, Texas, where it is headquartered. The combined company is expected to have an estimated post-transaction enterprise value of approximately $660iv million, including assets acquired pursuant to the transaction.

The combined company, a US-domiciled C Corp to be named Presidio Production Company, will be led by Presidio's existing management team, including Will Ulrich and Chris Hammack as Co-CEOs. As part of the transaction, Presidio will also acquire a complementary Texas
Panhandle asset from an affiliate of EQV, EQV Resources LLC (“EQV Resources”). EQV’s sponsor will maintain a significant ownership stake in Presidio post-closing. 

The transaction will create a new public company with a stable dividend, underpinned by cash flow from the commodity price hedged production of stable, mature oil and gas wells. Presidio has a strong track record of substantial acquisitions and intends to acquire and optimize additional producing oil and gas wells. Presidio will optimize these acquisitions through the application of technology, which includes automation, real-time data analytics and the introduction of AI processes.

Presidio's entry into the public markets comes at a pivotal moment in the energy sector, as the capitalintensive shale era gives way to a more disciplined focus on returns. Presidio’s differentiated model stands out with zero reliance on future drilling, minimal capital investment, and substantial free cash flow.

Presidio's strategy of acquiring under-managed oil and gas wells offers a contrarian and validated approach to hydrocarbon asset management with a focus on acquiring new assets, and optimizing existing production assets, across the United States. 

Presidio Management Commentary
"Presidio was purpose-built to be the last, best steward of America's oil and gas wells," said Will Ulrich, Co-Founder and Co-CEO of Presidio. "This transaction provides a permanent platform to scale our yieldfocused model, pursue highly accretive acquisitions, and generate value for shareholders."

"Presidio represents the next evolution of the public oil and gas company — efficient, predictable, and yield-driven within a simple and transparent business model," said Chris Hammack, Co-Founder and CoCEO. "We believe our track-record of acquisitions and meaningful cost optimization make us the strongest near-term consolidator of mature assets."

“America’s oilfield needs capital-disciplined operators focused on deploying new technology to create long-term value,” continued Will Ulrich. “We have the expertise, track record and capital discipline to squeeze efficiency from every molecule and barrel, delivering superior returns.” 

Pro Forma Presidio Production Company Highlights

• New public company which deploys technology to efficiently acquire, optimize and produce oil and gas from stable, mature oil and gas wells in the United States
• Presidio’s experienced management team staying in place and rolling approximately $40 million of equity
• Over 2,000 operated producing wells across Texas, Oklahoma and Kansas with expected net production of 26 Mboe/d in 2025
• Low production decline rate of 8% versus 24% peer average
• Minimal capital expenditure requirements with only 3% of expected cash flow reinvested
• 78% of estimated production hedged through 2027
• Expected $1.35/share annual common dividend, implying a peer-leading 13.5% dividend yield supported by stable hedged cash flows from Presidio’s low-decline producing asset base 
• Strong capital support with investment from Presidio management, funds advised by JPMorgan
• Investment Management, Citizens Bank, N.A. and several institutional investors, including a major oil and gas company 

Jerry Silvey, Founder and CEO of EQV, commented:
"This transaction with Presidio aligns with our vision to bring a world-class dividend yield focused producing energy company to the public markets. The structure of the transaction and meaningful commitments from investors will be critical to support the tested and experienced management team at Presidio. With our complementary expertise and shared vision, we are confident that Presidio will be a sustainable yield leader, well-positioned to be a preferred consolidator of producing oil and gas assets." 

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