Congrats !!! For Sure, Now we are a CO2 Producer !!!, page-10

ASX:VEN announcement of date on Nangwarry 1 Well.

The operator of the PEL 155 Joint Venture, Otway Energy Pty Ltd previously advised that detailed laboratory
analyses of the Nangwarry-1 gas samples from the top Pretty Hill Sandstone indicated CO2 content at
around 90%. Since then, three other gas samples from the top Pretty Hill Sandstone have been analysed
and are consistent with this CO2 content.

The well has now been cased and suspended and Eastern Well Rig 106 has been released.

The joint venture is reviewing all data obtained during drilling to develop a
forward plan for evaluation of the top Pretty Hill Sandstone CO2 accumulation and the mid-Pretty Hill
Sandstone gas shows.

While the joint venture wasn’t targeting CO2, it has been economically produced from wells in both the
South Australian and Victorian onshore Otway Basin for many years.
Further updates to the market will be provided as plans are developed.

Looking forward to the forward plan for CO2.
Looking forward to Re-listing !!!
Looking forward to news on PNG assets !!!
Looking forward to June 2020. !!!

Cheers !!!