Ann: Investee Advent Issuance of Tender, page-2

INVESTEE ADVENT ENERGY
PEP11 -BALEEN- ISSUANCE OF TENDER FOR CONDUCTOR AND SURFACE
CASING AND ASSOCIATED SERVICES

BPH Energy Limited (ASX:BPH) (BPH or the Company) is pleased to advise that a Call for
Tender for the provision of Conductor and Surface Casing & Associated Services for Advent’s
upcoming exploration well has been issued.

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 funding and regulatory approvals
and is expected to take around 40 days to reach Total Depth.

The proposed well has two objectives: (i) a gas target and (ii) evaluation for Carbon Capture
Storage, subject to 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.

GLTAH