Investor Presentaiton

0 100 200 km Morla Ceduna Port Augusta Port Bonython Port Pirie Current February 2023 Petroleum Competitive Tender Region Petroleum tenements Onshore exploration licence (PEL) Offshore exploration licence (EPP) Exploration licence application (PELA) Production licence (PPL) Retention licence (PRL) Gas storage tenements Exploration licence (GSEL) Exploration licence application (GSELA) Retention licence (GSRL) Under application (GSRLA) Petroleum pipeline licence Gas Gas and liquids Liquids Port Lincoln No petroleum exploration access - National Parks and Reserves No petroleum exploration access - former test site WPA Continuous use zono ADELAIDE Moomba FICIAL Licensing Petroleum Exploration Licence (PEL) is required to explore for natural hydrogen. Three 5 year terms, 1/3 relinquishment at end of each term. Discoveries are held by Petroleum Production Licences. To apply for a PEL: - - 。 Pay the fee of $5,174 (~£2,726). 。 5 year work program - with at least 1 well. o Evidence of technical & financial capacity. • Competitive tender regions - vacant acreage is only available via DEM releases which are based on work program bidding (5 year exploration program). Petroleum & Geothermal Energy Act 2000 - single window into government for petroleum and natural hydrogen E&P. includes underground storage and pipeline transport for all 'colours' of hydrogen. Bill is being tabled in Parliament this year. Natural (gold, white) Green hydrogen 02 hydrogen Natural hydrogen exploration H2 Underground storage Mount Gambier Pipeline transport ΗΣ H2 green electricity water hydrogen HZ H2 Underground storage Pipeline transport

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