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Investor Presentaiton

2023 Alaska Investor Trip Pikka Project Update Drilling has commenced. Project remains on schedule and budget. Project on schedule Project attributes Net Zero¹ development Crude pricing Completed major contracting & issued purchase orders under awarded contracts totaling over $1 billion through June 2023 Drilling commenced in June ▶ Onsite 2022/23 winter construction activities completed ► Pipeline orders placed, materials are being delivered and fabrication is underway Fabrication of fluid processing, seawater treatment, drill site, camp and grind and inject modules progressing ► Community projects in progress ► Standardised, modular facility design ► Alaska, Canada, Indonesia fabrication sites Fit for purpose electrified drilling rig Installation and commissioning: tendering complete Low intensity project ranking in top quartile of projects globally Executed agreement with Alaska Native landowner to secure nature-based carbon offsets Consortium DAC2 CCS³ Hub application selected for award of federal funds Oil transport utilizing existing open access common carrier pipelines Trades based on Alaska North Slope marker (slight premium to Brent) 123 Santos Scope 1 and 2 emissions, equity share Direct Air Capture Carbon Capture and Storage 29
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