Forward-Looking Statements 2 This presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this presentation, including without limitation all statements regarding the financial position, business strategy, production and reserve growth, and other plans and objectives for the future operations of the Trust and Enduro are forward-looking statements. Such statements may be influenced by factors that could cause actual outcomes and results to differ materially from those projected. No assurance can be given that such expectations will prove to have been correct. The following important factors could affect the future results of the energy industry in general, and Enduro and the Trust in particular, and could cause actual results to differ materially from those expressed in such forward-looking statements: • risks associated with the drilling and operation of oil and natural gas wells; • the amount of future direct operating expenses and development expenses; • the effect of existing and future laws and regulatory actions; • the effect of changes in commodity prices or alternative fuel prices; • the impact of hedge contracts; • conditions in the capital markets; • competition from others in the energy industry; • uncertainty of estimates of oil and natural gas reserves and production; • uncertainty of unrisked reserves and nonproven reserve potential; and • cost inflation. You should not place undue reliance on these forward-looking statements. All forward-looking statements speak only as of the date of this presentation. More information about factors that potentially could affect the Trust’s financial results is included in the Trust’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent filings. | 
