Investor Presentation December 2020

Integrating the Mid-West: Renewables & Cliff Head Cliff Head Oil Field/Infrastructure provides unique position • The only offshore oil and gas infrastructure along the Mid-West Region coast WA-481-P provides significant opportunity accessible from Cliff Head • Permit contains multiple identified exploration targets surrounding existing Cliff Head infrastructure Mid-West Region coast has multiple sites for offshore wind development • Cliff Head facilities provide potential anchor point for Mid-West WSP Opportunity to simplify/streamline feasibility/development of Mid-West WSP • Maximize use of existing infrastructure, easements, tenures, operations, studies & data Combining offshore wind & existing operations creates potential new value • Potential to share costs and defer existing infrastructure abandonment liabilities WELL HEAD PRODUCTION FACILITY Wellheads INJECTION WATER PIPELINE Power Fluid Pumps Launcher/Receiver Chemicals POWER CABLE PRODUCTION PIPELINE EXPORT TANKER ICON ROC EXPORT TO GERALDTON VIA ROAD RAIL OR PIPLEINE GERALDTON (PUMPING & STORAGE) EXPORT TO BP KWINANA ONSHORE FACILITY Separation/Stabilisation Water Treatment Gas Fired Heaters Power Generation Injection Water Pumps Oil & Water Storage Export Pumps Source Water Well • Reduced costs potentially result in a lower economic threshold for continued operations BP KWINANA VIA ROAD OR RAIL NOT TO SCALE Source: www.iconeng.com.au 14 Investor Presentation December 2020 Pilot Energy

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