Path to Commercial Gas Production

Uses of funds - $6.7 million Fast tracking and expanding exploration and appraisal of TTCBM Project and new permits ☐ TTCBM PROJECT $3.3 million Upgraded 2022 program with three exploration wells, two appraisal wells Expanded testing capability SHIVEE GOBI $0.3 million ■ Further desktop analysis ■ Two potential exploration wells EASTERN GOBI $0.3 million ■ Further desktop analysis ■ 2D seismic ■ One potential exploration well 2023 PROGRAM $0.5 million Long lead items for drilling and pilot production ■ Items include casing, well heads, pumps, pipeline CORP/ADMIN $2.3 million ■ Costs of capital raising ■ Adelaide and Mongolian office costs ■ Working capital 16

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