Crescent Point Consolidates Position with $1.86bn Hammerhead Acquisition, Ups 2024 Production Guidance

• Crescent Point completes acquisition of Hammerhead Energy in a C$2.55bn ($1.86bn) deal.

• This makes Crescent Point the largest landowner in Alberta Montney and Canada's 7th largest E&P company by production.

• 2024 production guidance raised to 198,000 - 206,000 boepd with 65% oil & liquids (vs. previous 145,000 - 151,000 boepd).

• Increased development capital expenditure of C$1.4bn - C$1.5bn reflects ambitious growth plans.