Investor Presentation December 2020

Key Milestones Corporate Mid-West Integrated Renewables • & South-West Blue Hydrogen & CCS • - CY2020 May New strategy announced September Transactions deliver and enhance foundation assets • September Secure corporate funding through equity capital raising July - Complete pre- feasibility September - Commence project feasibility studies December Engage feasibility specialist energy transition renewables project advisors • • CY2021 Develop partnering strategy for Mid-West WSP Formulate overall corporate and project funding strategy & plan Complete project feasibility studies Commence project development & environmental approvals Commence project FEED & energy marketing • . • CY2022 Implement corporate and project funding strategy Implement Mid-West WSP partnering strategy Raise corporate and project equity finance including funding for Mid-West WSP Complete project development & environmental approvals Complete project FEED & energy marketing CY2023 Potential FID on initial phase of Mid-West WSP development Cliff Head + • April Cliff Head renewal WA 481 - P 18 project completed October CH6/7 Production workover Investor Presentation December 2020 . Maintain production Detailed well planning for • Possible drilling campaign for Cliff Head Renewal Project • Oil sales • Cliff Head Renewal Project (3 wells) • Oil sales WA 481 -P free carry work program • WA 481 -P free carry work . Oil sale program . WA 481 -P free carry work program Pilot Energy

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