To learn more about Phoenix Energy, visit the Company’s website at https://phoenixenergy.com . About Phoenix Energy:Phoenix Energy One, LLC, doing business as Phoenix Energy, is an energy company formed in 2019. Phoenix Energy operates under a three-pronged strategy of direct drilling, royalty acquisition, and non-operated working interests. Phoenix Energy’s actual results and performance could differ materially from those set forth or anticipated in its forward-looking statements. Any forward-looking statement made by Phoenix Energy in this press release speaks only as of the date of this press release, and Phoenix Energy undertakes no obligation to publicly update any forward-looking statement except as may be required by law.