Investor Presentaiton

Potential near-term prospects Key permit applications located in potential wet gas window on shallower basin margin around the Beetaloo sub-basin ☐ ☐ Key permits in the north of the NT located on the edge of the Greater McArthur Basin - potential for presence of the Kyalla and Velkerri shales being targeted by operators in the Beetaloo sub-basin The Company is initially focusing on EP(A) 258 and EP(A) 259 and is currently in negotiations with the Northern Land Council and traditional owners/native title holders to reach agreements for terms of grant The Company is targeting grant of at least one of these permits ahead of undertaking initial work programs in 2023 Source: Debacker et al, 2021, ERC Equipoise (ERCE) Bonaparte 130° 132° 134° 136* 138° 0 50 100 KM Birrindudu Wiso Beetaloo 0 2000 4000 6000 8000 ≥10000 Relative to MSL South Nicholson Murraba Ngalia Georgina Amadeus NN EP257 Broughton 1 Altree 1 TOP END -ENERGY- THE ENERGY OF TOMORROW Wells with hydrocarbon show: Kyalla and Velkerri Shale Limmen Sst Bessie Creek Sst Amungee NW 1 Tanumbirini 1 Broadmere 1 ST Kyalla 117 N2 1H ST2 Carpentaria 1 Beetaloo SEEBASE (m) EP258 --2,000 EP259 4,000 6,000 --8,000 > 10,000 0 km 100 km 200 km Warburton EP261 South Nicholson Corporate Presentation | 10

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