Ann: Quarterly Activities and Cashflow Report, page-9

SEPTEMBER 2023 QUARTERLY ACTIVITIES REPORT
HIGHLIGHTS
Innamincka
#...Santos completes Yarrow flowline connection to the network
#...First gas production and online commissioning activities commenced
#...Red Sky signs gas sales agreement with Origin Energy for gas from Yarrow with first cashflow expected in Q4 2023
#...Intent is for Origin Energy to take all gas produced under a take or pay agreement Sales point ex the gate at Moomba
#...Production is expected to ramp up and generate increased revenue.
Associated condensate and ethane sales have commenced.
#...Commencement of Yarrow 3 seismic acquisition programme agreed with Santos covering parts of PRL14 and PRL17
#...Acquisition data remains on track to be received in Q4 2023
Killanoola
#...Sales agreement signed with Viva Energy for all crude produced Benchmarked against dated Brent for pricing
#...Government approvals being sought before starting production at DW1
Corporate
#...The Company continues to actively pursue acquisition opportunities
#...The Company has cash reserves as at 30 September 2023 of $2.88m

How good is this Report?
It will only get better with ongoing positive reports into 2024
AK & ROG team,(under his guidance) are doing a great job.