Ann: Investee Advent Issuance of Tender, page-2

INVESTEE ADVENT ENERGY
PEP11 -BALEEN- ISSUANCE OF TENDER FOR DRILLING PROJECT
MANAGEMENT SERVICES

BPH Energy Limited (ASX: BPH) (BPH or the Company) is pleased to advise that investee
Advent Energy Ltd has issued a Call for Tender for the provision of Drilling and Project
Management Services for their upcoming exploration well.

The well is planned to be drilled in 125m of water approximately 26km offshore and 30km SSE
of the City of Newcastle. The drilling of the well is subject to regulatory approvals and is
expected to take around 40 days to reach total depth.

The well has two objectives; (i) a gas target and (ii) evaluation for Carbon Capture Storage,
subject to regulatory approvals and funding.

When the well has reached Total Depth and has been fully evaluated, it will be plugged and
abandoned as per regulatory requirements, in line with pre-drill planning as an exploration well,
the well head and associated equipment will be removed from the seabed.