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Investor Presentation September 2010

The Cooper Basin’s leading mid-tier Oil & Gas explorer

Investor Presentation

September 2010

Delivering Transformational Growth

Drillsearch –the story

• Material Cooper Basin footprint

• Control of our own destiny

• Existing production

• Highly prospective portfolio

• Ready access to markets/infrastructure

• Huge Unconventional Resource opportunity

Our past year –Delivering on promises

• Implemented strategic plan

• Enhanced asset portfolio

• Built on internal capabilities

• Exploration success

• Booked significant uplift in reserves/resources

Why the Cooper Basin? Reasons to invest!

• Underexplored

• High exploration success rates

• Low cost / High profit

• Short cycle time to first cash flow

• Ready access to key services, contractors, infrastructure & end markets.............Please see PDF for the full investor presentation.

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