Projects Overview

HIGH IMPACT ALASKAN EXPLORATION & CONVENTIONAL TEXAS PRODUCTION

Hickory-1 Exploration well

Extensive Alaskan Acerage Position

Increasing Direct Production Exposure

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EXTENSIVE ALASKAN EXPLORATION ACREAGE PROVIDES HIGH IMPACT OPPORTUNITIES FOR SHAREHOLDERS

ALASKA EXPLORATION ACREAGE

*New Acreage: Project Leonis acreage remains subject to adjudication process, regulatory approvals and formal award which is expected in 2H 2023. Refer to ASX announcement 10 November 2022.

Prolific Oil ProvInce

North Slope contains some of the largest oil fields in the U.S. Prudhoe Bay is the largest onshore oilfield in North America.

ACCESS to INFRASTRUCTURE

Existing road systems and proximity to the Trans-Alaska Pipeline System.

Attractive fiscal Regime

Relatively low royalty rates and attractive incentives for new oil production.

A supportive state

The energy industry is an important source of revenue and employment for Alaska.

Pricing Premium

Alaska North Slope Crude trading at premiums to WTI.

UNDER EXPLORED

Compared to most basins, Alaska is relatively underexplored, with ~500 exploration wells on the North Slope.

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Contact Details

Ground Floor, 516 Hay Street
Subiaco WA 6008
AUSTRALIA

Tel: +61 (0)8 9485 0990
Fax: +61 (0)8 9321 8990

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