International Petroleum Pitch

International Petroleum Pitch

John Putzfeld3 March 2026

Dear Investors,

I'm pleased to share I was recently awarded second place in a stock pitch competition hosted by SumZero, a leading global professional investor forum.

The top three participants were invited to present live and engage in a Q&A session, which is available on YouTube (see link below):

https://youtu.be/-fJerpg456A

From 2:05 minutes to 18:00 minutes you can therefore see a video version of my summary investment case for International Petroleum (TSX: IPCO, STO: IPCO), which I described in more detail in my most recent letter to investors.

The video pre-dates recent events in the Middle East, reflecting a long-term investment case that is strong even at conservative oil prices and which embraces inherent unpredictability.

Yours,

John Putzfeld