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Investor Presentaiton

(1) TOP END -ENERGY- THE ENERGY OF TOMORROW Extensive optionality across the Northern Territory Significant application acreage in one of Australia's most active and prospective hydrocarbon regions Portfolio Overview Weber (Gas) о EP265 EP278 EP279 EP277 EP256 132 E NTC/P14 135 E EP295 EP295 Darwin Jabiru EP254 Katherine EP257 EP274 EP276 Surprise (Oil) о EP280 о Daly Waters Amungee (Gas) о EP258 Northern EP259 EP313 Territory EP314 EP312 EP315 EP260 EP261 Meerine EP275 (Oil & Gas) 200km Tennant Creek EP281 1 EP282 EP283 Stuart Hwy EP262 EP284 Alice Springs Palm O Valley (Gas) Dingo (Gas) о 16°S- ° Glyde (Gas) оо EP264 EP263 ° High priority permits Other permits Drill hole Pipeline -Road ☐ 30 applications (1) for petroleum exploration permits (EPs) within the Northern Territory, encompassing -160,000 km² of gross permit area The Company holds a 50% interest in the EP applications through an incorporated joint venture with McKam Aust Pty Ltd Large acreage positions neighbouring licenses held by Origin, Santos, Empire Energy, Blue Energy and Armour Energy Successful drilling and flow tests continue to de-risk commercial potential of the region Significant Velkerri shallow shale areas up to 700m thick with large gas-in-place volumes and high liquids content as discovered in surrounding wells (wet gas window) Bessie Creek sandstone formations of up to 30m thickness prospective for conventional gas Intended Work Program The Company is currently focused on negotiations with Traditional Owners and Native Title holders to achieve grant of EP(A) 258 and EP(A) 259 and preparation of approvals for post-grant work programs ■ Prior to grant of applications, the Company will undertake geological & geophysical studies including preparations for 2D seismic acquisition 2D seismic acquisition of up to 250km² post-grant ■ Seismic processing and interpretation, work up drill-ready prospects and resource potential Drill multiple prospects Corporate Presentation 8 Grant of applications are subject to reaching agreements with traditional Aboriginal owners and Native Title holders pursuant to the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth) and the Native Title Act 1993 (Cth)
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