Investor Presentaiton

PRIORITY PROJECTS 11 HUGHENDEN • Estimated 18,000 km2 of exploration tenement Export thermal coal target in Galilee and Eromanga Basins Open Cut, Underground and UCG resource targets Close to rail and ready access to port Estimated 220km of projected Galilee Basin edge Other Major Galilee Basin Projects include Linc Energy, Waratah, Reinhart and Bandanna which have estimated 250km of Galilee Basin edge and have a reported cumulative JORC Inferred Resource of 22 billion tonnes Two drills operating by end of September 2010 Maiden JORC inferred targeted before end of 2010 Guildford Coal

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