Empire Energy Investment Opportunity

Northern Territory Resource Estimate Independently certified estimated Prospective Resource Formation Barney Creek Permits EMPIRE energy Geological factor discount Area m acres Units P90 P50 PV10 EP 184, EPA 180, 181, 182, 183, 188 50-90% 3,559 Bcf 3,304 8,699 20,172 50-90% MMBO 66 174 403 Velkerri EP184, 187, EPA 188 50% 315 Bcf 383 1,192 3,086 50% MMBO 8 24 62 Wollogorang EP 184, 187, EPA 188 90% 1,384 Bcf 524 1,185 2,371 90% Total MMBO 10 24 47 MMBOe 851 2,238 5,183 I I Significant prospective resource - P50 13,000 Pj equivalent I Conversion Factor: 5.485 Mcf: 1 Bbl Northern Territory Resources by: Muir & Associates P/L and Fluid Energy Consultants Prospective Resource - unrisked, is the estimated quantities of petroleum that may potentially be recovered by the application of future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons 21 21

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