Investor Presentaiton

COOPER ENERGY Exploration success rates in the Offshore Otway Basin are world class 94% success rate for seismic amplitude supported prospects Waarre Formation seismic amplitude map showing target prospects ☐ - 29 exploration wells drilled in the Offshore Otway Basin 16 gas field discoveries to date (success rate 55%) Modern seismic data has dramatically improved success rates Very strong correlation between presence of gas and seismic amplitude 94% success rate for seismic amplitude supported targets All targets drilled― Offshore Otway Basin 45% 55% Success Failure All seismic amplitude supported targets drilled-Offshore Otway Basin 6% 94% Martha Pecten East Reservoir Absent ecten-1 etherby Annie Annie-1 Netherby Waarre Reservoir limit Elanora Henry Herry-1ST1 Isabella Heera Casino-3 Casino-1 Casino Casino-2 Juliet CHN pipeline Nestor 10km Minerva Minerva-2 Waarre reservoir amplitudes HIGH LOW Total wells = 29 Total wells = 171 Cooper Energy has six Otway seismic amplitude supported targets ready to drill in the Otway COOPER 16 ENERGY 1Eight of the 17 seismic amplitude targets were drilled on Cooper Energy acreage

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