Our Track Record | StrongHeart Energy

Our Strategy

Tax-advantaged wellbore funds — investors know exactly what they own

Established in 2024, Strongheart Energy Management (“Strongheart”) specializes in identifying high-return, non-operated oil and gas interests and forming investment funds to acquire them. Because Strongheart funds are established for the specific purpose of acquiring assets that have already been identified (NOT a blind pool), Strongheart investors have certainty of how their investment capital will be deployed by the Strongheart funds. Accumulating more than forty years of prior experience specifically related to acquiring non-operated oil and gas assets that has been successfully put to work through prior investment funds, Strongheart’s sourcing and acquisition team implements an investment opportunity screening process designed to identify high-quality assets for the benefit of Strongheart’s investors.

Strongheart identifies wellbore-only interests in imminent drilling opportunities, particularly within the proven areas of the Williston Basin and the Powder River Basin. The investment strategy ensures rapid cashflow generation and offers substantial tax benefits, with up to 85% of the investment potentially eligible for write-offs.

Past Performance

Available to accredited investors

Past Performance — Accredited Investors Only

Detailed fund performance information is available exclusively to accredited investors. Please introduce yourself and certify your status below to view it.

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I certify that I am an accredited investor as defined in Rule 501(a) of Regulation D under the Securities Act of 1933 — for example, my individual income exceeded $200,000 (or $300,000 jointly with my spouse) in each of the two most recent years, my net worth exceeds $1 million excluding my primary residence, or I hold a qualifying professional license.

Your certification is a self-attestation and will be remembered on this device. By submitting, you agree that StrongHeart Energy may contact you about investment opportunities, including by phone, email, or text. Past performance is not a guarantee of future results. Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy securities; any such offer is made only through official offering documents to qualified investors.

Underwriting & Deal Flow

Over 440 wells and over $478mm of CAPEX evaluated

A disciplined screening funnel

Strongheart sources direct wellbore opportunities through its established network of sellers, then screens each one against strict return criteria. Most opportunities do not make the cut.

1

Sourcing

Opportunities sourced through longstanding relationships with Landmen, Brokers, and Operators.

2

Internal Review

Each wellbore is screened for operator track record, geologic formation, AFE costs, takeaway infrastructure, and operation timeline.

45% of CAPEX rejected

3

External Review

Independent third-party reservoir engineers project each well’s decline curve and Estimated Ultimate Recovery.

Another 10% rejected

4

Financial Modeling

Every deal must clear a 17% IRR minimum hurdle rate, with a target of 22%–30% IRR.

60% of CAPEX never reaches a bid

5

Bid & Acquisition

Only the highest-conviction opportunities receive a bid — and we stay disciplined on price.

Only 15% of CAPEX bids accepted

Deal Flow by Quarter	Net Wells	Gross Wells	Net CAPEX
2022 Q1	2.2	15	$21,643,304
2022 Q2	2.5	17	$28,429,803
2022 Q3	3.1	25	$31,925,884
2022 Q4	3.2	27	$30,748,801
2023 Q1	1.5	25	$13,495,333
2023 Q2	1.9	21	$18,672,522
2023 Q3	2.9	36	$23,307,005
2023 Q4	3.5	39	$38,408,197
2024 Q1	2.5	25	$27,541,975
2024 Q2	3.1	21	$34,765,434
2024 Q3	3.5	35	$31,173,224
2024 Q4	4.2	39	$43,173,224
2025 Q1	2.3	18	$22,173,224
2025 Q2	2.4	24	$21,173,224
2025 Q3	1.5	19	$13,331,541
2025 Q4	1.9	31	$17,248,134
2026 Q1	4.8	8	$39,799,380
2026 Q2	1.9	18	$21,786,998
Grand Total	48.9	443	$478,797,207

How We Protect Investors

The principles behind the performance

Proprietary Data

Strongheart has amassed a significant amount of proprietary data through its team’s management of Strongheart’s first fund, as well as other Strongheart Oil and Gas assets not included in the fund. This data includes production data, market data, well budgeting estimates and actuals, and contact lists for new acquisitions.

Dry Hole Protection

Strongheart offers a Dry Hole Protection Program: If a well is deemed a dry hole, Strongheart replaces that well with a similar well, at no cost to investors.

2-3 Year Exit Strategy

Strongheart will seek a 2-3 year exit strategy for investors to capture the largest production volumes incurred during initial production, followed by selling the remaining 20+ years of production in order to boost Strongheart investors’ IRR.

Experienced Team

The sourcing and underwriting team has more than 15 years of experience acquiring non-operated assets and has managed Strongheart Energy I LP assets, as well as other Strongheart Oil and Gas assets not included in the fund.

De-risk

Strongheart’s investment strategy minimizes risk by prioritizing near-term drilling opportunities, avoiding the leasing process, diversifying across a large set of wells and geographies, and investing in high-quality, heavily screened opportunities.

Experienced Operators

Strongheart utilizes the operator’s resources, and only pays for charges directly related to the drilling, fracing, and well facilities; Strongheart does not pay for operator’s geological reviews, office overhead, operational planning, etc.