Investor Presentaiton

• Beharra Springs Deep gas discovery • • A new gas discovery in Perth Basin at exploration well Beharra Springs Deep-1 (Beach 50% and operator¹) Preliminary net gas pay estimate of 36 metres in the Kingia Sandstone Kingia Sandstone reservoir interval comparable to Waitisa-4 Preliminary interpretation indicates reservoir porosities up to 21% Kingia Sandstone well Log comparison: Waitsia-4 to Beharra Springs Deep-1 Waitsia-4 Beharra Springs Deep-1 beach 25 25 1. Subject to completion of sale of 17% interest to Mitsui E&P Australia Net Pay: 37 m Net Pay: 36 m

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