VISION ELITE

4 DIVERSE PORTFOLIO EXPLORATION Mix of oil and gas targets Very low holding commitments High equity interests CURRENT STATUS Farm-out processes in progress: Buffalo, Labyrinth & Condor Maturing potential in other blocks Angus Project-oil play Operator: Carnarvon Permits: WA-523-P 100% Condor Project - oil play Operator: Carnarvon Permits: AC/P 62 100% Dorado and Roc - oil & gas play Operator: Santos Browse Permits: WA-435-P 20% WA-436-P 30% WA-437-P 20% WA-438-P 30% Labyrinth Project - oil play Derby Broome Buffalo Project - oil field Operator: Carnarvon Timor Leste PSC 100% Timor Former JPDA Timor-Leste eaty Boundary Eagle Project-oil play Operator: Carnarvon Permits: AC/P 63 100% Darwin Truscott Wyndham Kununurra Operator: Carnarvon Permits: WA-521-P 100% Scarborough Outtrim Project-gas COFVIS NWS LNG Pluto LNG Port Hedland play Gorgon LNGA Karratha Operator: Santos Permits: WA-155-P 70% Western Australia Exmouth Onslow Wheatstone LNG Carnarvon Legend Existing Pipeline City/town ▲ LNG plants ☑Gas well Oil well Indonesia...... Australia Katherine Northern Territory

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