Ann: Advent Commissions Environmental Review, page-2

INVESTEE ADVENT ENERGY GROUP COMMISSIONS ENVIRONMENTAL REVIEW

Further to the announcement on 12th January 2021 by BPH Energy Limited’s (ASX: BPH) (BPHor the Company) whereby investee Advent Energy has signed a Preliminary Well Services Agreement with Add Energy relating to the preparation for drilling of the Baleen well in offshore licence PEP11, Add Energy has commissioned the Xodus Group to undertake a preliminary environmental screening assessment of the proposed Baleen well activity.

Xodus Group are a leading global energy environmental consultancy with a strong track record in the Australian offshore sector where they are subject matter experts in environmental impact assessment and regulatory approvals.

This will be aided by the pre-existing environmental information which exists from the prior technical work in the licence including the Environmental Plan which was accepted by the authorities for a 2D Seismic survey which was commissioned by Advent and carried out in 2018.

The screening will identify the work required to undertake an environmental impact assessment to support the required approvals.

The aims of the preliminary environmental impact assessment are to:

1.Produce a detailed summary of required technical inputs.
2.Produce a detailed summary of required environmental inputs.
3.Outline a proposed approach for stakeholder consultation; and
4.Identify key controls potentially required to manage the activity