AusGasCo was formally granted ATP2064 and ATP2065 on 22nd February 2021 and ATP2071 on 13th September 2022

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Potential material position in an emerging Early Permian Reids Dome Beds CSG play with secondary conventional targets

• Combined area of 216 km2 (>53000 acres)

Exploration tenures with six year terms and a four year activities based work programme

• ATP2071 is subject to an Australian Market Supply Condition

Encouraging exploration and appraisal results in adjacent permits

• APLNG exploration and appraisal wells drilled northeast ATP2065 (including four 'Reids' wells)

• GLNG appraisal wells drilled in 2022 northeast of ATP2064 ('Cattle Creek' wells)

• GLNG reported >118 PJ 2P reserves attributed to the Early Permian coals to the northeast in H2 2021

• APLNG Hydrus 2D Seismic Survey (2012)

• GLNG Taringa East 2D Seismic Survey (2017)

• APLNG West Spring Gully 3D seismic acquisition and processing completed 2023

• Surrounded by petroleum license and potential commercial area tenures

Attractive address central to infrastructure hub

• APLNG Spring Gully Gas Processing

• APLNG Spring Gully to Gooimbah pipeline

• GLNG Fairview Gas Processing

• GLNG pipeline, PPL118

• Jemena QGP pipeline, PPL 30

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Project area synopsis

• Early Permian CSG primary target

  • High resource density potential in the Reids Dome beds of >9PJ/km2 in places​

  • High gas content and gas saturated coals

  • High offset permeabilities

  • Ideal depth range for Permian CSG

  • Interpretation of the West Spring Gully 3D seismic survey and historical 2D seismic infers the potential for thick pervasive Early Permian coals in ATP2065 and ATP2071

• Secondary potential for Bandanna Formation CSG and conventional gas in Early Permian Sandstones

• Exploration and appraisal success could be rapidly progressed to development and gas supply to the Australian East Coast gas market