Kupe Re-Contracting Opportunity

Condensed Statement of Financial Position $000 ASSETS Current assets For the half year ended 31 December 2021 Unaudited Half Year 31 Dec 2021 Audited Full Year 30 Jun 2021 Unaudited Half Year 31 Dec 2021 Audited Full Year 30 Jun 2021 Cash and cash equivalents 33,444 Funds held in escrow 70,730 28 Receivables and prepayments 11,981 9,144 LIABILITIES Current liabilities Payables Lease provision Contract liabilities 8,123 272 7,283 215 5,217 Inventories 4,078 1,137 Deferred consideration 25,368 Right of use assets 151 Current tax liabilities 3,259 2,164 Total current assets 49,503 81,191 Total current liabilities 42,239 9,662 Non-current assets Non-current liabilities Exploration and evaluation assets 1,202 Rehabilitation provision 42,759 26,088 Oil and gas assets 150,097 53,477 Contract liabilities 5,439 Property, plant and equipment 206 173 Deferred consideration 4,250 Right of use assets 524 330 Lease provision 279 282 Other intangible assets 2,953 1,875 Deferred tax liability 945 3,391 Deferred tax asset 6,846 Total non-current liabilities 53,672 29,761 Other financial assets 6,363 6.276 Total liabilities 95,911 39,423 Total non-current assets 168,191 62,131 Net assets 121,783 103,899 Total assets EQUITY 217,694 143,322 Share capital 211,901 211,901 Reserves 6,756 4,961 Retained earnings (105,947) [117,543] Attributable to shareholders of the Group 112,710 Non-controlling interest in subsidiaries 9,073 99,319 4,580 Total equity 121,783 103,899 Net asset backing per share (cents) 73.0 61.9 31 Net tangible asset backing per share [cents] 67.0 60.8

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