queensland firb condition satisfied, page-10

1 October 2012

PURCHASER OF QUEENSLAND ASSET
REQUESTS EXTENSION TO NDRC CONDITION

Molopo Energy Limited (ASX: MPO) announces that the purchaser of Molopo's Queensland assets has requested a three week extension in order to confirm that the
Chinese National Development and Reform Commission ("NDRC") approves of the transaction. The purchaser has confirmed that the reason for the delay is administrative and they are not aware of any circumstances that would result in PetroChina not receiving NDRC approval. As a result, Molopo has agreed to the extension and the condition must therefore be satisfied on or before 23 October 2012 with settlement of the transaction to take place by November 7, 2012. The purchaser has previously received Australian Foreign Investment Review Board ("FIRB") confirmation that it has no objection to the transaction, and the only remaining condition is the receipt of NDRC approval.

For further details on the transaction please see Molopo's press release dated 1 August 2012. Molopo will continue to update its shareholders as information comes available.