World Class Location – Cooper Basin

The Cooper Basin is the premium onshore basin producing gas, NGLs, condensate and oil in SA & QLD

Over 6 Tcf of gas and 300 Million BBLS of Oil produced

100% ownership in Queensland permits ATP 927P

Permits are in close proximity to major energy players with easy access to domestic and export markets

Close to existing large-scale developments and easy access to gas plants and pipelines connecting to domestic markets and LNG hub

Windorah Gas Project

2 rounds of drilling – first round – Tamarama 1 & Queenscliff 1 – second round Tamarama 2 and Tamarama 3

3C gas resources upgrade to 770 BCF from four discoveries – Tamarama 1, 2 & 3 + Queenscliff 1

Tamarama 2 had initial flow rates of 2 mmcf/d

Tamarama 3 had initial flow rates of 2.5 mmcf/d

Considerable improvements in Tamarama 2 and Tamarama 3 and further improvements expected through technology

Designs of future wells likely to be horizontal (or near horizontal) wells with multi-staged fracs in the upper & middle Patchawarra sandstone units

Estimated Prospective OGIP are Mean Original Gas-In-Place excluding 2C/3C Resources.
Gas Volumes are expressed in billions of cubic feet (BCF) at standard temperature and pressure bases.
Resource estimates independently certified by DeGolyer & MacNaughton (Queenscliff area & Aeon Petroleum Consultants (Tamarama area)

ATP 927 Permian Stratigraphy - log correlation

Toolachee & Patchawarra formations contain significant sandstone reservoirs which are gas charged and laterally extensive

CONVERTING GAS RESOURCES TO RESERVES AND LOWER EMISSIONS