Empire Energy Investment Opportunity

GE EMPIRE energy McArthur Basin - The Opportunity 100% LA Darwin Katherine KEY OPERATORS EMPIRE energy 75% Santos 25% Tennant Creek Nhulunbuy Commentary Numerous large independent oil and gas companies hold substantial acreage positions in the Greater McArthur Basin. This includes: - Origin Energy/ Falcon Oil & Gas JV - Santos/ Tamboran Resources JV - Hancock Prospecting - Pangaea Resources - Empire Energy - Armour Energy Following the lifting of the fracking moratorium, the NT Government is proactively implementing regulations to allow industry activity to recommence imminently Drilling activity is ramping up materially Santos to drill up to 2 fracked horizontal wells in 2019 testing Velkerri Shale¹ Origin to drill up to 2 fracked horizontal wells in 2019 testing Velkerri Shale and Kyalla Formation² Hancock Prospecting has indicated the potential to invest A$150m - A$200m in exploration³ 70% Origin energy HANCOCK 100% PROSPECTING TAMBORAN 30% N Alice Springs 82.5% PANGAEA 17.5% ENERGY & MINERALS 100% armour energy GROUP 1: Santos 2018 Full Year Results Presentation 21 February 2019 2. Origin Energy Half Year Results Presentation 21 February 2019 3: Hancock Prospecting Submission #461 to the Fracking Inquiry (6 September 2017) 7

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