Presidio Petroleum to go Public via Business Combination with EQV Ventures Acquisition Corp., Creating a Dividend-Driven C Corp Focused on Oil and Gas Optimization

Presidio Petroleum is set to go public through a business combination with EQV Ventures Acquisition Corp. The combined company, Presidio Production Company, will focus on optimizing, acquiring, and producing oil and natural gas. Presidio expects to initiate a $1.35/share annual common dividend (13.5% expected dividend yield at $10.00/share) after closing. The company has an experienced management team and is expected to have net production of 26 Mboe/d in 2025 with an 8% base decline rate.