Kupe Re-Contracting Opportunity

□ Production facilities 0 Petroleum wells Gas pipeline Oil pipeline Track Unsealed Road Permits Northwest Mereenie 1- 195 26 22west Mereenie 1 21 18 150 897m Walanka National Park Legend Watana Permits Gas Oil Gas Pipelines Oil Pipelines 23 5 13 3 20 OL4 11 Mereenie 1 14 16 • Amadeus Basin, Australia NT Tennant Creek Mount Isa Alice Springs QLD WA SA 10 8 42 30 Mereenie Central East 33 Treatment Plant Mereenie 135 : 1422 21 43 34 39 4144 40 38032870 1620 1397 m 1510 m Mereenie OL4 & OL5 NZOG 17.5%, Cue Energy 7.5% Kilometers 0 10 20 40 60 80 13 OL5 45 30 19 15 Mereenie Eastern 260 West Satellite Station MacConnel National Park 1255m MACDONNELL RANGES Palm Valley OL3 912 Park NZOG 35%, Cue Energy 15% Reserve Tourist Drive 80 24 25 6010 Hugh Crees Shart Hary GREAT DIVIDI Dingo L7 NZOG 35%, Cue Energy 15% IMPROVING COMMERCIAL OUTCOMES Multiple short and medium term gas contracts Improving average realised price Near and medium term development opportunities MEREENIE GAS FIELD Acreage of 281km² on two permits 71 existing wells Two production facilities Pipeline linked to Northern Territory and East Coast MEREENIE FIELD DEVELOPMENT PROGRAM ENHANCED PRODUCTION Coiled Tubing campaign in targeted wells DEVELOPMENT 2021 2022 Potential low-cost Mereenie Flare Gas Compression [reduces CO2 emissions] de-bottlenecking Further infill wells Appraise Stairway 27PJ of 2C Contingent [net to NZO] 2023 2024 17

View entire presentation