— Williston Basin · North Dakota · Est. Bakken Petroleum System

INdependent oil & natural gas operator

Where The Basin

Has Already Proven Itself.

Spotted Hawk Energy Partners focuses on development opportunities within the core of North Dakota's Williston Basin. Our projects are located in mature producing corridors supported by extensive production history, existing infrastructure, and independent engineering review.

basin

Williston Basin

North Dakota , United States

targets

2

Middle Bakken & Three Forks

Core fields

3

Van Hook, Heart Butte & Deepwater Creek Bay Fields

P901 Inventory

56 Gross / 33 Net

56 MMboe Gross, 27 MMboe Net

reservoir engineer

NSAI

Reservoir Analysis by Netherland, Sewell & Associates, Inc.

1  When the range of uncertainty is represented by a probability distribution, a low, best, and high estimate shall be provided such that:

A. There should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate.

B. There should be at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate.

C. There should be at least a 10% probability (P10) that the quantities actually recovered will equal or exceed the high estimate.

Source: Petroleum Resource Management System Revised June 18 (v. 1.03), Section 2.2.1.2

— about

Operators First.

Data-Driven Development.

Spotted Hawk Energy Partners is a data-driven independent energy company focused on the development of oil and natural gas resources in the Williston Basin. We work within established producing corridors where extensive geological, engineering, and production data help inform development planning, capital allocation, and operational execution.

Producing Corridors

Located within established producing corridors of the Williston Basin, including Van Hook, Heart Butte, and Deepwater Creek Bay fields.

Development Targets

Middle Bakken and Three Forks development opportunities supported by established spacing units and extensive production history.

Independent Validation

Independent engineering analysis provides an objective framework for evaluating reserves, development expectations, and investment risk.

Development Focus

Development-oriented, not exploration. We focus on opportunities where geology, infrastructure, and production history are already well understood.

— operations

Three Fields.

One Basin.

Decades of Development.

Spotted Hawk Energy Partners’ assets are within some of the Williston Basin's most established producing corridors². Our acreage is surrounded by decades of production history, extensive offset well data, and mature gathering and takeaway infrastructure providing the geological visibility, operational efficiency, and development certainty sought by institutional investors.

Data as of May 2026

field 1

Van Hook

Region

mountrail & dunn counties, nd

Targets

Middle Bakken / Three Forks

wells

horizontal laterals

number of wells

196 active wells

operators

CHORD ENERGY (NASDAQ: CHRD)

DEVON ENERGY (NYSE: DVN)

Conocophillips (NYSE:COP)

midstream infrastructure

harvest midstream

takeaway capacity

oil, gas, water

field 2

Deepwater

Creek Bay

region

mountrail & mclean counties, nd

Targets

Middle Bakken / Three Forks

wells

horizontal laterals

number of wells

44 active wells

operators

chord energy (NASDAQ: CHRD)

CONOCOphillips (NYSE: COP)

SPotted hawk development

midstream infrastructure

tangent midstream services

takeaway capacity

oil, gas, water

Field 3

Heart Butte

region

dunn & mclean counties, nd

targets

Middle Bakken / Three Forks

wells

horizontal laterals

number of wells

338 active wells

operators

Chord energy (Nasdaq: chrd)

devon energy (NYSE: DVN)

conocophillips (NYSE: COP)

XTO energy - a subsidiary of exxonmobil (NYSE: XOM)

midstream infrastructure

energy transfer partners (NYSE: ET)

takeaway capacity

oil, gas, water

— approach

How We Work.

Spotted Hawk's operations team leverages an approach fueled by years of development experience in the Bakken. Hence, we operate in established places guided by established data. Discipline is structural — built into where we work and how we evaluate every location before a bit ever turns.

Known Geology

We focus on development opportunities supported by extensive production history, well control, and geological data. This depth of information helps improve visibility into reservoir characteristics, production performance, and development expectations, providing greater context for development planning and execution.

Resource visibility

Independent

Review

Reserve estimates, development assumptions, and economic sensitivities are evaluated through independent engineering analysis. Third-party review provides an objective framework for evaluating asset quality, development expectations, and investment risk.

Independent validation

Operated Assets

Spotted Hawk Development, LLC is an affiliate of Spotted Hawk and is the operator of 38 Gross Locations and ~24 Net Locations, providing timing control and visibility on capital deployment, asset quality and execution.

Development certainty

Hands-On Execution

As a proven operator, we pair proven development locations with disciplined execution. From well planning and completion design to production and risk management, each project is evaluated with a focus on capital efficiency, repeatability, and long-term

performance.

operational discipline

— the bakken

The Williston Basin is one of North America's most significant oil-producing regions — defined by reservoir continuity, extensive infrastructure, mature service markets, and a reserve history measured in decades.

The Bakken petroleum system underlies portions of North Dakota, Montana, and Saskatchewan. We work in its North Dakota core, where the basin's development story has been most actively written.3

— experience

Built By Operators.

Spotted Hawk's principals and affiliates bring substantial experience across the Williston, Permian, Gulf Coast, and Powder River Basins—from reservoir evaluation through field operations and capital markets execution. Built in the Bakken, we bring an operator's perspective to every aspect of the company.

Discipline 1

Development Underwriting

Evaluating development opportunities through geological, operational, and economic analysis.

Discipline 2

Development Efficiency

Long-lateral development strategies intended to increase reservoir exposure, improve capital efficiency, and support long-term resource recovery.

Discipline 3

Field Operations

Production oversight, infrastructure coordination, and operational execution.

Discipline 4

Reservoir Evaluation

Reserve assessment and performance analysis supported by technical review.

Discipline 5

Capital Markets

Institutional capital formation, diligence, and investor engagement.

Discipline 6

Structuring

Investment and ownership structure design.

SPOTTED HAWK ENERGY PARTNERS

A company rooted in the ground it works.

— Investors

A private conversation for qualified partners.

Spotted Hawk engages with accredited investors, family offices, registered investment advisors, broker-dealers, and other qualified financial professionals seeking direct exposure to established development opportunities in the Williston Basin.

Information is shared privately and only with qualified prospective investors and their advisors. We do not conduct public offerings or accept unsolicited capital commitments. Discussions are initiated through direct introductions and individual conversations.

Company

Operations

Investors

1 When the range of uncertainty is represented by a probability distribution, a low, best, and high estimate shall be provided such that:

A. There should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the low estimate.

B. There should be at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate.

C. There should be at least a 10% probability (P10) that the quantities actually recovered will equal or exceed the high estimate.

Source: Petroleum Resource Management System Revised June 18 (v. 1.03), Section 2.2.1.2

2 Catherine M. Donohue, Craig D. Barrie; A review of the Bakken petroleum systems in the United States and Canada: Recognizing the importance of the Middle Member play. AAPG Bulletin 2021;; 105 (9): 1847–1866. doi: https://doi.org/10.1306/04122120093

3 Mineral Rights Podcast. (2021, December 16). MRP 134: Overview of the Williston Basin and Bakken Shale. https://mineralrightspodcast.com/mrp-134-overview-of-the-williston-basin-and-bakken-shale/

This is for informational purposes only, is not an offer to buy or sell or a solicitation of an offer to buy or sell any interest, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Any such offer or solicitation shall only be made pursuant to the final confidential private placement memorandum. Please consult the appropriate professional regarding your individual circumstance. Because investor situations and objectives vary, this information is not intended to indicate that an investment is appropriate for or is being recommended to any individual investor.

Oil and gas interests are illiquid investments, are speculative, may be illiquid, and involve a high degree of risk; investors should be able to bear the complete loss of their investment. In addition, the oil and gas market is affected by many factors, such as general economic conditions, oil and natural gas pricing, financing markets, supply and demand, and other factors that are beyond an Offeror’s control.

While the Sponsor strives to meet their objectives, there is no guarantee they will be met. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Past performance is not indicative of future results. Estimates or forecasts are inherently limited and should not be relied upon as a guarantee of future results.

Accredited investors are typically defined as having a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years; or have an active Series 7, Series 82, or Series 65. (Individuals holding a Series 66 do not fall under this definition). Accredited entities are typically private business development company or an organization with assets exceeding $5 million; or in some situations if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor provided the organization was not formed with a sole purpose of purchasing specific securities only. If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney.

Third-party information was furnished by sources deemed reliable and is believed to be accurate; however, no warranty or representation is made as to the accuracy thereof and the information is subject to correction.

Securities offered through American Alternative Capital, LLC ("AAC"), member FINRA/SIPC. Spotted Hawk Energy Partners is independent of AAC.

Check the background of this firm or its investment professionals on FINRA's BrokerCheck.

© 2026 Spotted Hawk Energy Partners

Williston Basin · North Dakota