Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-10

EWC has received more cash from the (limitedsuccessful) 2022 CR plus the sale of Sengkang power plant than has beenprojected in the CR prospectus ($54million). According to the 2022 CR $19million was to be required for to complete Eromanga and $21million to complete the 12km Pagbilao transmission line plus land purchases. However, to this day EWC has still failed to monetize Eromanga gas field. This failure of EWC both in terms of using the 2022 CR funds as foreshadowed in this CR and not informing the market accordingly has been floated prior to the 2023 AGM. At this 2023 AGM Brian Allen has confirmed that Eromanga remains short of funds ($25million).