AusGasCo was formally granted ATP2070 on 13th September 2022

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Substantial position with resource potential in the northern extent of the prolific Walloon Coal Measures production fairway

• Area of 775 km2 (>191500 acres) 100% AusGasCo

• Large inferred original gas in place

GLNG Roma East and Senex Roma North moderate resource density CSG analogue

Exploration tenure with six year term and a four year activities based work programme

• Not subject to an Australian Market Supply Condition

Encouraging exploration, appraisal and development results in adjacent permits

• QCLNG Production Leases to the south reported cumulative production >114 PJ in H2 2022 from 1092 wells online

• QCLNG reported >45 PJ of 2P reserves and >240 PJ of 2C resources in Production Leases contiguous with ATP2070

• GLNG reported 185PJ of 2C resources in H2 2021 ('Bridge Creek') within PCA219 which is contiguous with ATP2070

Attractive address proximal to infrastructure hubs with >800 TJ/day of processing capacity

• QCLNG Woleebee Creek Gas Processing

• Jemena Atlas Gas Processing

• GLNG Scotia Gas Processing

• Gas transmission options to domestic hubs and export markets

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Project area synopsis

• Moderate resource density Walloon Coal Measures CSG play

• Offset drilling data infers the potential for >525PJ original-gas-in-place at resource densities >1.5PJ/km2

• Analogous resource densities in places to the current Roma CSG field developments (GLNG and Senex Energy) and proposed Surat Gas Project (Arrow Energy)

• Opportunity for accelerated low cost field development and delivery of gas into the Australian East Coast market with neighbouring operator coupling

• Multiple development corridor options - ~20km to GLNG Scotia gas field infrastructure (90TJ/day capacity) and ~30km to QCLNG trunklines connected to Woleebee Creek gas processing infrastructure (>680TJ/day capacity)