PESA Presentation

Presentation Highlights:

• The World needs more gas for longer – now explicitly recognised by Government policy. The East Coast has very strong pricing, a growing supply gap & LNG plant ullage.
• The Taroom Trough has multiple locational advantages to serve these markets. The Taroom is currently hosting multiple operator programs under which $100Ms are being spent.
• The massive Taroom unconventional gas play is starting to be unlocked with multiple achievements to date. The results from Daydream-2 have led to proving the BCG play in the Taroom and multiple technical breakthroughs.