1 Rick Wilkinson Chief Technical Officer AACC Houston 2015 Energy Conference 5 February 2015

Natural Gas Reserves (proven and probable PJ’s) 39 Perth 70,386 Carnarvon 17,384 Browse 1,984 Bonaparte 178 Amadeus 1,802 Cooper 41,285 Surat/Bowen 1,781 Clarence Moreton 502 Sydney 3,568 Gippsland 250 Bass 754 Otway Source: EnergyQuest May 2014 Quarterly Report; 1 PJ = 0.94 BCF Australia’s Key Gas Basins 2

CBM Reserves and Production Source: EnergyQuest Energy Quarterly Report Feb 2014 (Production); May 2014 (Reserves) East Australia 2P reserves = 49,943 PJ Queensland CSG 41,246 PJ Conventional Gas 6,505 PJ (13%) New South Wales CSG 2,283 PJ (5%) Queensland CBM 41,155 PJ (82%) Reserves: Proven & Probable Production: 3

CBM Statistics TOTAL Number of CBM wells6,637 Wells drilled (in last 12 months) 1,507 Signed land access agreements5,237 Formal access disputes1 Employees (Direct & Contracted) (as at 30 June 2014) 30,961 Community Engagement Events (in last 12 months) 1,086 CBM Statistics as at 30 Sept 2014: 4

5  Capital Expenditure A$60+ Billion  Built the equivalent of the NWS LNG precinct in 4 years: 23+ mtpa  First CBM to LNG in the world  Export revenue o More than Australia’s wheat and beef exports o #6 national export ranking  State royalties: 10% of well head value  Peaked at 40,000 jobs during construction; long term regional ,000 jobs CBM to LNG Projects

What have we learnt?  Build reputation and trust  Use risk based assessments  Depoliticise the debate  Adaptive management  Reduce multiple regulators and reviews  Eliminate unexpected or additional regulatory requirements  Ensure transparency of activity  Credible water model which is well communicated 6