Investor Presentaiton

Western Flank Oil Record year of investment and drilling activity planned in FY20 FY19 production FY20 proposed activities 16 Rest of Beach 29.4 MMboe FY19 2P reserves Rest of Beach 326 MMboe Western Flank Oil 5.2 MMboe Western Flank Oil 42 MMbbl, SA • ~ $200 million to be invested in Western Flank oil, a record for Beach • Cooper Basin beach PEL 630 West QLD PEL 182 Up to 77 oil wells to be drilled in FY20, including: • 36 exploration and appraisal wells • 41 development wells (including up to 17 horizontal wells) ~15% of FY20 growth investment for infrastructure expansion and debottlenecking to unlock Western Flank potential Continued roll out of the Bauer appraisal strategy across fields as well as follow-up. appraisal drilling at Bauer, Hanson and Kalladeina-Congony complex PEL 630 East Kalladeina/ Congony Appraisal ex PEL 104/111 Rincon Appraisal Greater Bauer Appraisal Parsons Appraisal ex PEL 92 Butlers Appraisal 0 10 20 km Oil field Balgowan Appraisal ex PEL 91 Callawonga Appraisal Windmill Appraisal 106 Spondylus 3D ex PEL 107 Beach operated permit Core Oil Play Fairway Oil Play Fairway Beach non-operated permit CE19-0083

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