Presidio Investment Holdings to Acquire Arkoma Basin Assets for $80M

Presidio Investment Holdings and EQV Ventures Acquisition Corp. announced that Presidio has entered into a letter of intent to acquire certain producing assets in the Arkoma Basin from companies controlled by Vortus Investments for $80M, subject to customary due diligence, definitive documentation, and closing conditions. Presidio intends to fund a portion of the Acquisition with cash on hand, funds from its recently announced Goldman Sachs ABS Warehouse Facility, and approximately $20M of Presidio equity provided to the Seller. Presidio anticipates negotiation of definitive documentation, signing and closing could occur within the second quarter of 2026. Presidio believes it will be able to increase its anticipated annual dividend from $1.35 to $1.50 after closing this transaction, subject to approval by the Board of Directors of the post-business combination company. As Presidio prepares to complete its previously announced business combination with EQV, this Acquisition marks the activation of its acquisition strategy as a public company. Presidio's value proposition as a public company lies in its ability to create ambitious returns from acquiring and operating oil and gas properties. The Company expects to generate returns in excess of 20%, which will be protected through hedging at signing and exceed the Company's base underwriting case for acquisitions. Further, the Company's entrance into an adjacent basin marks an expansion of its footprint which it will use for future consolidation, consistent with its proven land-and-expand approach. In addition, Presidio and Alchemist Energy, another Vortus portfolio company focused on the drilling and development of new wells, are jointly partnering on opportunities which contain both producing assets and undeveloped drilling potential. Under this approach, Presidio would acquire the PDP component consistent with its business model, while Alchemist would partner to develop the undeveloped upside, allowing each company to focus on what it does best while expanding the range of opportunities both can pursue together.