Investor Presentaiton

Frontier Exploration High Impact Exploration Targets in Portfolio Ironbark - Carnarvon Basin (Beach 21% interest) 10 km Ironbark top reservoir structure 27 27 park Sand Carnarvon Basin • Large gas prospect within tie-back distance to NWS project Perth • Targeting deeper Mungaroo reservoirs; the primary reservoirs at Gorgon . Drilling planned for FY21 Beach share of drilling cost ~$35 million Bonaparte Basin Western Australia Darwin beach Wherry - Canterbury Basin (Beach 37.5% interest) • Large liquids-rich gas prospect with follow-up potential • Drilling planned FY21, subject to rig availability • Beach share of drilling cost $30 million ~ Northern Territory Queensland South Australia New South Wales Adelaide Victoria Sydney ●Canberra Melbourne Tasmania Hobart Brisbane New Zealand ●Wellington Canterbury Basin 10 km Wherry top reservoir structure Depth (m) -2800.00 2900.00 3100.00 -3300.00 -3500 00 --3700.00 -3900.00 -4100.00

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