Competent Person Statement

Information on the Reserves and Resources in this website is based on information provided to the Company and Gaffney, Cline & Associates by Beach Energy Ltd as operator of the PEL 91, PEL 106B and PEL 107 Joint Ventures and Santos Limited as operator of the ATP 299P Joint Venture and compiled by Mr. David Evans, Chief Technical Officer of Drillsearch who has given his consent to the inclusion of this information in the form and the context in which they appear in this website.

Gaffney, Cline & Associates

Information on the Reserves and Resources in this website is based on an independent evaluation conducted by Gaffney, Cline & Associates and has been compiled under the supervision of Mr Steven Lane. Mr Lane is a Principal Advisor of Gaffney, Cline & Associates Singapore & Sydney Offices with over 30 years of industry experience. He holds a B.Sc. (Hons) Geology and is a member of the Petroleum Exploration Society of Great Britain. The technical analysis was performed primarily by Messrs Zis Katelis and David Remus. Mr Katelis has a B.Sc. (Hons) in Geophysics, is a member of the Society of Petroleum Engineers and the South East Asia Petroleum Exploration Society and has over 20 years industry experience. Mr. Remus holds a B.A. in Geology and Geophysics and is a life member of the South East Asian Petroleum Exploration Association (SEAPEX) with more than 31 years of experience in petroleum geosciences. These individuals have given their consent to the inclusion of this information in the form and the context in which they appear in this website..