Energy Prospectus

Since Earthstone announced the Nova Acquisition, three analysts have updated their price targets for ESTE.

> 6-20-2023: Neal Dingmann at Truist Financial rates ESTE a BUY with a price target of $32.00

> 6-16-2023: Subash Chandra at Benchmark Co. rates ESTE a BUY with a price target of $29.00

> 6-16-2023: Michael Scialla at Stephens rates ESTE a BUY with a price target of $21.00

ESTE closed at $14.29 on June 30

Thanks, Dan, for keeping us updated on analysts’ price targets. To the extent they represent what others (whose jobs are to know these companies and to whom some investors may look) are thinking, they are a good-to-know datapoint.

I appreciate the price targets as well. Thank you for providing these along with the additional data from other resources in the industry. They are all valuable.

This is just one example of why you pay the BIG BUCKS for your EPG membership.

We added 22 new EPG members in Q2. We appreciate your support.