(a) | (a)- (b) The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein and is as of the date hereof. Such information assumes there are 191,696,093 shares of Common Stock outstanding as of October 24, 2024, as reported on the Issuer's Quarterly Report on Form 10-Q filed on October 29, 2024
On February 24, 2025, certain of the Reporting Persons sold an aggregate of 6,575,000 shares of Common Stock at a price of $1.23 per share pursuant to Rule 144 under the Securities Act of 1933 (the "Rule 144 Sale"), including: 1,856,123 shares sold by Warburg Pincus Energy (E&P)-A, L.P.; 1,184,486 shares sold by WP Energy Stronghold Holdings, L.P.; 96,981 shares sold by WP Energy Partners Stronghold Holdings, L.P.; 112,104 shares sold by Warburg Pincus Energy (E&P) Partners-A, L.P.; 37,806 shares sold by Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC; 1,201,417 shares sold by Warburg Pincus Private Equity (E&P) XII (A), L.P.; 28,831 shares sold by Warburg Pincus Private Equity (E&P) XII-D (A), L.P.; 43,625 shares sold by Warburg Pincus Private Equity (E&P) XII-E (A), L.P.;78,571 shares sold by WP XII (E&P) Partners (A), L.P.;1,714,070 shares sold by WP XII Stronghold Holdings, L.P.; 202,181 shares sold by Warburg Pincus XII (E&P) Partners-1, L.P.; and 18,805 shares sold by Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC.
Following the Rule 144 Sale, the shares of Common Stock are directly held as follows: 8,171,355 shares by Warburg Pincus Energy (E&P)-A, L.P.; 5,214,558 shares by WP Energy Stronghold Holdings, L.P.; 426,948 shares by WP Energy Partners Stronghold Holdings, L.P.; 493,523 shares by Warburg Pincus Energy (E&P) Partners-A, LP; 166,438 shares by Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC; 5,289,092 shares by Warburg Pincus Private Equity (E&P) XII (A), L.P.; 126,927 shares by Warburg Pincus Private Equity (E&P) XII-D (A), L.P.; 192,054 shares by Warburg Pincus Private Equity (E&P) XII-E (A), L.P.; 345,901 shares by WP XII (E&P) Partners (A), L.P.; 7,545,984 shares by WP XII Stronghold Holdings, L.P.; 890,079 shares by Warburg Pincus XII (E&P) Partners-1, L.P.; and 82,784 shares by Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC.
Warburg Pincus is the general partner of Warburg Pincus Partners II (US), L.P., which is the managing member of Warburg Pincus (E&P) Energy LLC and Warburg Pincus (E&P) XII LLC. Warburg Pincus (E&P) Energy LLC is the general partner of Warburg Pincus (E&P) Energy GP, L.P., which is the general partner of Warburg Pincus Energy (E&P)-A, L.P., WP Energy Stronghold Holdings, L.P., WP Energy Partners Stronghold Holdings, L.P., Warburg Pincus Energy (E&P) Partners-A, L.P., and Warburg Pincus Energy (E&P) Partners-B, L.P. Warburg Pincus Energy (E&P) Partners-B, L.P. is the managing member of Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC. Warburg Pincus (E&P) XII LLC is the general partner of Warburg Pincus (E&P) XII, L.P., which is the general partner of Warburg Pincus XII (E&P) Partners-1, L.P., Warburg Pincus XII (E&P) Partners-2, L.P., WP XII Stronghold Holdings, L.P., WP XII (E&P) Partners (A), L.P., WP XII (E&P) Partners (B), L.P., Warburg Pincus Private Equity (E&P) XII (A), L.P., Warburg Pincus Private Equity (E&P) XII-D (A), L.P., and Warburg Pincus Private Equity (E&P) XII-E (A), L.P. Warburg Pincus XII (E&P) Partners-2, L.P. is the managing member of Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC (Warburg Pincus and the other entities listed in this paragraph, collectively, the "Warburg Entities"). In such capacities, each of the Warburg Entities may be deemed to beneficially own the reported securities. |