Providing direct investment into U.S. energy

Strongheart Energy II LP investors received 1.44% of their initial investment in April, bringing cumulative distributions to 9.82%.

Deployment of Strongheart Energy III LP is underway, extending our footprint into Texas with the Kelln Unit, operated by Mewbourne Oil in the Anadarko Basin, and the Casselman Unit, operated by Apache in the Midland Basin.

March's distribution of 1.39% brings Strongheart Energy II LP's cumulative distributions to 8.38% through the first quarter of the year.

It was also a standout underwriting quarter: we evaluated 8 gross wells representing nearly $40mm of CAPEX — fewer, larger, higher-quality positions for the funds ahead.

Strongheart Energy II LP issued its second monthly distribution: investors received 2.11% of their initial investment in February, bringing cumulative distributions to 6.99% in two months — ahead of Fund I's pace at the same point (5.33%).

Meanwhile, our underwriting team continues screening new opportunities for Strongheart Energy III LP.

History repeats — bigger. Strongheart Energy II LP issued its first investor distribution in January: investors received 4.88% of their initial investment in a single month, the largest first-month distribution of any Strongheart fund to date.

Fund II's wellbore interests alongside Hess in North Dakota and Anschutz in Wyoming have begun generating revenue for investors right on schedule.

December's distribution of 1.69% closes out a remarkable first full year: Strongheart Energy I LP returned 34.79% cash-on-cash to investors in 2025.

As the fund's wells move past their highest-volume initial production period, we are evaluating the optimal timing for the fund's liquidity event, in line with our 2-3 year exit strategy of selling the remaining long-tail production to maximize IRR.

Thank you for your trust in 2025 — and Fund II investors, watch for your first distribution in January.

Strongheart Energy I LP issued its eleventh consecutive monthly distribution in November. Investors received 1.76% of their initial investment, bringing cumulative distributions to 33.10%.

Fund II's wells continue to advance through completion, and we expect that fund's first investor distribution in early 2026.

A major milestone: with October's distribution of 2.31%, Strongheart Energy I LP investors have now received 31.34% of their initial investment — crossing the 30% mark in just ten months of distributions.

Few strategies in private energy investing return capital this quickly. It is exactly what our wellbore-only, imminent-drilling model was designed to do.

September's distribution of 3.31% brings cumulative distributions to 29.03% of investors' initial investment.

Meanwhile, deployment of Strongheart Energy II LP is well underway, with wellbore interests alongside Hess in North Dakota and Anschutz in Wyoming progressing toward first production.

Strongheart Energy I LP issued its eighth consecutive monthly distribution in August. Investors received 2.42% of their initial investment, pushing cumulative distributions past the quarter mark to 25.72%.

Monthly amounts naturally vary with production volumes and realized pricing, but the fund continues to perform ahead of expectations.

July was the largest monthly distribution in the fund's history: investors received 4.39% of their initial investment, bringing cumulative distributions to 23.30%.

Summer production has been strong across our North Dakota and Wyoming units, and every one of the fund's wells remains online.

With June's distribution of 3.52%, Strongheart Energy I LP investors have now received 18.91% of their initial investment in the first six months of distributions.

Our sourcing engine stayed busy through the first half of the year, evaluating 42 gross wells and over $43mm of CAPEX as we build the pipeline for Strongheart's next fund.

Strongheart Energy I LP issued its fifth consecutive monthly distribution in May. Investors received 3.80% of their initial investment — matching January's strong start — bringing cumulative distributions to 15.39%.

All of the fund's wells continue to produce, and our underwriting team remains active evaluating the next wave of opportunities for future funds.

April marked our strongest month since January: investors received 4.05% of their initial investment, bringing cumulative distributions to 11.59%.

Crossing the 10% mark in only four months of distributions is a direct result of our strategy of buying wellbore interests in imminent, high-quality drilling opportunities with top-tier operators.

Strongheart Energy I LP issued its third consecutive monthly distribution in March. Investors received 2.21% of their initial investment, bringing cumulative distributions to 7.54% in just three months.

Production across the fund's portfolio remains steady, with our operators — EOG, Hess, Anschutz, and Continental Resources — continuing to execute on schedule.

We're excited to share a significant update for Strongheart Energy I LP!

Our strategy of sourcing and investing in wellbores with top-tier operators—including EOG, Hess, Anschutz, and Continental Resources—has proven successful. All wells were drilled and completed on time, with some even ahead of schedule.

We're also pleased to announce that Strongheart Energy issued its second investor distribution the week of February 24th. Investors received 1.53% of their initial investment in the month of February. In just two months, investors have received 5.33% of their initial investment, and keep in mind that these returns reflect the production of only 6 of the fund's 20 total wells.

We're excited to share a significant milestone for Strongheart Energy I LP!

Our final five wells have officially begun production, bringing all 20 wells online. This achievement means our wells are now generating revenue for both our operators and investors.

Our strategy of sourcing and investing in wellbores with top-tier operators—including EOG, Hess, Anschutz, and Continental Resources—has proven successful. All wells were drilled and completed on time, with some even ahead of schedule.

We're also pleased to announce that Strongheart Energy issued its first investor distribution the week of January 20th. Investors received 3.8% of their initial investment in one month.