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Investor Presentaiton

ACQUIRED ASSET POTENTIAL PPL 207, Worrior Field (30% interest) provides proven, South Australian production: ◉ Cumulative production of 4.09 MMbbl (100% JV) - Current JV production of ~40 bopd – Field production increase to >100 bopd with JV approved zone change 0.18 MMbbl remaining 2P reserves JV share Murta and Patchawarra flank provide appraisal upside ◉ Experienced operator in Beach Energy Ltd 130 4 -2624 PEL 93 (30%) PPL 207 (30%) Cooper 61 130-47 Worrior-10 Worrior-3 Pando-1 Worrior-5 ●Worrior-2 Worrior-7 Worror-4 Worrior-8 Worror-1 Warrior-g Worrior-8 Worrior-11 0 kilometre * Cooper Energy tenement Ol and gas well Of well Dry well with oil show Dry well with gas show Pando-2 Seismic line 130-50 Growth potential from 670kbbls Contingent Resources (JV share) in Murta/McKinlay/Birkead zones - within tieback distance to Worrior Ex PEL 93 and PEL 100 provides a number of exploration targets in the proven Western Flank acreage, whilst Ex PEL 110 provides northerly fairway upside July 2021 Worrior field depth structure map Worrior Field Developed reservoirs* Total developed OOIP (MMBBL) Undeveloped reservoirs (#) OOIP Volumes (MMBBL) McKinlay 4.80 Birkhead 5.90 Hutton 0.60 Patchwarra (W-10) 0.70 12.00 Murta Patchawarra 2.70 1.50 16.20 Total developed & undeveloped OOIP (MMBBL) Opportunity Tyrell Flint Permit Chance of Success Mean Recoverable Secondary Targets (MMbbls) (%) PRL 232 2.3 25.9 Murta PRL 233 1.7 25.9 Murta 11
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