Investor Roundtable Discussion 11/6/21

The Caballos Exploration team incorporates a complementary array of combined experience and expertise in oil and gas exploration, drilling, and production operations, coupled with entrepreneurial development and business management. Caballos Exploration sees a fast-growing niche in conventional shallow oil and gas targets. These targets are relatively inexpensive to lease and drill, translating to more efficient production and high rates of return to investors. Currently, only 5% of drilled wells in the Permian Basin are vertical drills. Historically the most productive and profitable oil fields are in these conventional plays. Moreover, with the present global rebound from the COVID pandemic, worldwide oil consumption is approaching an all-time high. Caballos Exploration believes that by targeting these shallow prolific conventional zones, we are in the "sweet spot" for future growth and profit within the Permian Basin of West Texas.