Investor Presentaiton

Sources and uses of funds - 2019 2019 VINTAGE ENERGY 30 30 28.6 $ million 25 25 20 20 15 10 10 5 0 0.8 1.2 1.3 8.6 0.6 3.6 1.4 0.9 14 1.4 Actual 2H FY19 1H FY20+ Estimate 8.8 Cash at 31/12/18 2D seismic* Other capex 2 wells Frac, testing Admin 3 wells Admin 3D seismic Other capex Headroom • Galilee Basin - Stage 2 - - Vintage to fund 50% of first $10 million to earn a further 15% equity Expenditure beyond $10 million pro rated at JV equity share (Vintage 30%, Comet Ridge 70%) Estimated cost (net) for Albany-2 and Albany-1/ST1 $4.1 million • Otway Basin - Estimated Nangwarry-1 cost (net) $4.5 million *Total 2D Koburra seismic net cost of $2.1 million, $1.3 million expended in 1H FY19 + 1H FY20 projects and expenditure subject to corporate and JV approvals Multiple potential re-rating events; drilling in the Albany Field imminent 16

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